Aplab Limited has strengthened its leadership team by appointing a new Executive Director and a Chief Financial Officer, effective June 1, 2026, to drive strategic product innovation and financial governance. The Board of Directors approved these appointments based on the recommendations of the Nomination and Remuneration Committee. The changes are subject to shareholder approval at the forthcoming General Meeting for the director positions, while the CFO appointment is effective immediately upon the stated date.

The Board appointed Mr. Nishith P. Deodhar as an Additional Director designated as Executive Director for a term of 3 years. Deodhar holds a master's degree in computer engineering from the University of Southern California, Los Angeles. His background includes leading cross-functional software engineering teams at IBM and holding product management advisory roles. At Aplab, he will focus on strategic product leadership and optimizing production processes using his systems engineering expertise.

Ms. Tanvi Paharia Jain has been appointed as a Non-Executive Non-Independent Director for a term of 5 years. Jain brings over 15 years of experience from global firms including FedEx, T-Mobile, and Starbucks. She currently leads Global Strategic Pricing at FedEx, overseeing a $3.38+ portfolio. Her expertise lies in data-led growth, corporate governance, and strategic pricing, supported by an MBA in Strategy from the University of Washington.

Mr. Ravish N. Modi has been appointed as the Chief Financial Officer of the company. Modi is a senior finance and internal audit executive with 25 years of experience across manufacturing, information technology, and insurance sectors. He specializes in establishing corporate frameworks, strategic finance functions, and taxation protocols. He holds an MBA in Finance and combines financial acumen with interests in macroeconomics and political dynamics.

The company confirmed that none of the newly appointed directors are related to any other existing directors on the Board, nor is the new CFO related to the directors. These appointments were disclosed in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Summary of Appointments

Aplab Limited announced that Mr. Rajesh K. Deherkar has resigned from his positions as Chief Financial Officer (CFO), Company Secretary, and Compliance Officer. The resignation is effective from the close of business hours on May 31, 2026, due to pre-occupation elsewhere, as stated in his resignation letter. The company confirmed there are no other material reasons for his departure.

The Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by Mr. Deherkar during his tenure. The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

The following table details the event information provided to the exchange:

Mr. Deherkar holds an ACS Membership No. 10783. In his resignation letter addressed to the Board, he requested that the necessary forms be submitted to the concerned authorities. The company has attached the resignation letter as Annexure II to the regulatory filing.