APM Industries has accepted the resignation of M K Sharma, General Manager (Finishing), effective June 30, 2026. The resignation, submitted on June 24, 2026, was attributed to domestic problems. The departure of the senior management personnel was communicated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company disclosed that Sharma's last working day will be the close of business hours on June 30, 2026. The resignation letter was dated June 24, 2026. The intimation to the exchange included an annexure detailing the cessation, confirming the reason as domestic problems and the effective date of the resignation.

Regulatory Compliance

The filing was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also disseminated on the company's website. The resignation was accepted with a note to pay full and final settlement upon relieving on the stipulated date.

APM Industries reported a net loss of ₹266 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹61 lakh in the previous year. Revenue from operations fell to ₹27,031 lakh from ₹29,400 lakh in FY25. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026, on May 27, 2026.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹352 lakh, a reversal from the net profit of ₹67 lakh in the same period last year. Revenue from operations for the quarter stood at ₹6,242 lakh, up from ₹5,667 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹6,314 lakh.

Financial Performance

The company reported exceptional items amounting to ₹210 lakh for the year ended March 31, 2026. These included a loss of ₹195 lakh on the disposal of two power generating sets, a provision of ₹58 lakh towards the incremental impact of past period liabilities for employee benefits due to new labour codes, and the receipt of ₹43 lakh as compensation from a real estate developer.

Assets and Liabilities

Total assets as of March 31, 2026, stood at ₹23,287 lakh, compared to ₹22,353 lakh in the previous year. Non-current assets decreased to ₹16,586 lakh from ₹17,337 lakh, while current assets increased to ₹6,701 lakh from ₹5,016 lakh. Total equity and liabilities amounted to ₹23,287 lakh, with total equity at ₹16,694 lakh.

Auditor's Report

M/s Chaturvedi & Partners, Chartered Accountants, issued an audit report with an unmodified opinion on the audited financial results. The report confirmed that the statement gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.