Aplab Limited has appointed Mr. Nishith P. Deodhar as Executive Director and Ms. Tanvi Paharia Jain as Non-Executive Non-Independent Director, effective June 1, 2026, subject to shareholder approval. The Board also appointed Mr. Ravish N. Modi as Chief Financial Officer. These leadership changes follow the resignation of Mr. Rajesh K. Deherkar as CFO, Company Secretary & Compliance Officer effective May 31, 2026, due to pre-occupation elsewhere.

The Board approved the new appointments based on the recommendations of the Nomination and Remuneration Committee during its meeting on May 26, 2026. The company disclosed these changes under Regulation 30 of the SEBI (LODR) Regulations, 2015. The Board placed on record its appreciation for the valuable contribution provided by Mr. Rajesh K. Deherkar during his tenure.

Executive and Non-Executive Appointments

Mr. Nishith P. Deodhar has been designated as an Additional Director and Executive Director for a term of 3 years. He holds a master's degree in computer engineering from the University of Southern California, Los Angeles. His professional background includes leading cross-functional software engineering teams at IBM and product management advisory roles. At Aplab, he will focus on strategic product leadership and systems engineering to drive innovation.

Ms. Tanvi Paharia Jain has been appointed as a Non-Executive Non-Independent Director for a term of 5 years. She brings over 15 years of experience from global firms such as FedEx, T-Mobile, and Starbucks. Currently leading Global Strategic Pricing at FedEx, she oversees a $3.38+ portfolio. She holds an MBA in Strategy from the University of Washington and a B.E. in Information Technology from the University of Mumbai.

Chief Financial Officer Appointment

Mr. Ravish N. Modi has been appointed as the Chief Financial Officer. He is a senior finance executive with 25 years of experience across manufacturing, information technology, and insurance sectors. He specializes in corporate frameworks, strategic finance, and taxation protocols. Modi holds an MBA in Finance.

The following table summarizes the key details of the appointments:

The company confirmed that none of the newly appointed directors are related to any other existing directors on the Board.

Aplab Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹251.67 crore compared to a net profit of ₹26.39 crore in the previous year. The company's revenue from operations for the year stood at ₹5,843.53 crore, a decrease from ₹6,366.68 crore in FY25. The Board of Directors approved the audited financial results for the fourth quarter and the full year at a meeting held on May 26, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹72.47 crore, contrasting with a net profit of ₹704.36 crore in the same period of the previous year. Revenue from operations for Q4FY26 was ₹1,434.71 crore, down from ₹2,393.06 crore in Q4FY25. Total income for the year was ₹6,177.36 crore, while total expenses were reduced to ₹5,837.01 crore from ₹7,533.00 crore in the prior year.

Management Changes

The board approved several key appointments effective June 1, 2026. Mr. Nishith P. Deodhar was appointed as Executive Director for three years, and Ms. Tanvi Paharia Jain as Non-Executive Non-Independent Director for five years. Mr. Ravish N. Modi was appointed as the Chief Financial Officer. Additionally, the resignations of Mrs. Amrita P. Deodhar as Chairperson and Whole-time Director, and Mr. Rajesh K. Deherkar as CFO, Company Secretary, and Compliance Officer, were accepted effective May 31, 2026.

Operational and Regulatory Details

The financial results were reviewed by the Audit Committee and subsequently approved by the Board. The statutory auditors, M/s R. Bhargava & Associates, issued an audit report with an unmodified opinion. The company noted a one-time material increase of ₹58.66 lakh in provisions for employee benefits due to the implementation of new Labour Codes. The meeting was conducted in compliance with SEBI (LODR) Regulations, 2015.

Key Financial Metrics