Mrs. Amrita P. Deodhar has resigned as Chairperson and Whole-time Director of Aplab Limited effective from the close of business hours on May 31, 2026. The resignation was submitted due to pre-occupation elsewhere, which will prevent her from fulfilling her responsibilities towards the company. Consequently, she will cease to be a member of the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee of the company.

The Board of Directors of the company placed on record its appreciation for the valuable contribution and guidance provided by Mrs. Amrita P. Deodhar during her association with the company. The intimation was made to BSE Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Mrs. Amrita P. Deodhar confirmed that there are no other material reasons for her resignation other than those mentioned in her resignation letter. The company has enclosed the resignation letter and the necessary disclosures regarding the change in board composition as required under Regulation 30 read with Para A(7B) of Part A of Schedule III of the SEBI Listing Regulations.

Details of Resignation

The following table outlines the key details regarding the change in the board composition:

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.