Aplab Limited has officially announced the scheduling of an Extraordinary General Meeting (EGM) to be held on April 18, 2026, at 11:30 AM through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The announcement follows the board meeting held on March 25, 2026, and was communicated to BSE Limited on March 27, 2026, in compliance with SEBI listing regulations.

EGM Details and Agenda

The primary objective of the upcoming EGM centers on board composition and governance matters, specifically seeking shareholder approval for the appointment of Mr. Suresh S. Shah as Independent Director for a five-year term.

E-Voting Schedule and Eligibility

The company has established a comprehensive e-voting framework to facilitate shareholder participation in accordance with regulatory requirements under Section 108 of the Companies Act, 2013, and SEBI regulations.

Director Profile and Qualifications

Mr. Suresh S. Shah, proposed for appointment as Independent Director, brings extensive industry expertise to the board. He serves as Founder and Managing Director of Sanimo Polymers Private Limited, one of India's leading manufacturers and exporters of Polyester Dyed Yarn.

Regulatory Compliance and Communication

The company has fulfilled its disclosure obligations by formally informing BSE Limited about the EGM through an official communication dated March 27, 2026. This notification was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The official communication was signed by Rajesh K. Deherkar, who serves as Chief Financial Officer and Company Secretary of Aplab Limited, ensuring proper authorization and compliance with corporate governance standards. The notice includes the company's official seal and was addressed to the Corporate Relationship Department at BSE Limited's Phiroze Jeejeebhoy Towers in Mumbai. The EGM notice has been made available on the company's website and distributed to shareholders via email on March 27, 2026.

Aplab Limited has achieved complete utilization of funds raised through its rights issue, with the monitoring agency confirming full deployment of ₹629.00 lakhs across all stated objectives. The company's submission to BSE Limited on February 16, 2026, details the comprehensive utilization of proceeds from the rights issue that closed on July 3, 2025.

Rights Issue Structure and Proceeds

The company successfully completed its rights issue of 1,25,70,000 equity shares of ₹10/- each at a price of ₹5/- per share, including a premium of ₹2.50. The issue was offered in a 1:1 ratio to eligible equity shareholders as on the record date of May 29, 2025.

Fund Utilization Breakdown

The monitoring agency report reveals strategic deployment of funds across three primary objectives. The company allocated ₹3.03 crore for working capital requirements, supporting payments to suppliers, GST obligations, and TDS requirements. Additionally, ₹2.75 crore was utilized for loan repayment, specifically clearing outstanding borrowings from Laxmimanak Finance Private Limited.

Monitoring Agency Certification

Infomerics Valuation and Rating Limited, serving as the monitoring agency, provided comprehensive certification regarding fund utilization. The agency confirmed no deviations from the objects stated in the Letter of Offer and verified proper deployment of all raised proceeds. Gaurav Jain, Director - Ratings at Infomerics, signed the monitoring report dated February 16, 2026.

The monitoring process involved verification through multiple sources including CA certificates from statutory auditors M/s. R. Bhargava & Associates, bank statements, ledgers, and No Due Certificates. The agency confirmed that all utilizations aligned with the stated objectives without any material deviations.

Loan Repayment Achievement

A significant milestone during the quarter was the complete repayment of outstanding borrowings to Laxmimanak Finance Private Limited. The company successfully cleared the entire ₹2.75 crore loan obligation, as evidenced by the No Due Certificate and cash credit account statements. This repayment was facilitated through a reallocation of ₹2.75 crore from working capital utilization to loan repayment during Q3 FY2026.

Regulatory Compliance

The submission fulfills requirements under Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Rajesh K. Deherkar confirmed adherence to all regulatory obligations in the filing to BSE Limited.

The company's industrial power electronics business continues to benefit from the strategic fund deployment, supporting efficient power management solutions across various industrial applications. The complete utilization of rights issue proceeds demonstrates effective capital allocation and management execution.