Apex Frozen Foods experienced a remarkable 20% jump in its share price, hitting the upper circuit limits following a significant development in the Indian fishery export sector. The European Union has granted approval to 102 new Indian fishery establishments for exports, a move that has sent ripples through the market.

Market Performance

The stock's performance marked its most substantial single-day gain since July 2021, reflecting investor optimism about the company's growth prospects. Trading at ₹261.45, Apex Frozen Foods' shares approached their 52-week high of ₹281.70. The market's enthusiasm was evident in the exceptional trading volume, with 62 lakh shares changing hands within two hours—a stark contrast to the 50-day average of just over 50,000 shares.

EU Approval Impact

The EU's decision is expected to have far-reaching implications for the Indian fishery export industry:

• Potential 16% increase in Indian export establishments' volume
• Addresses a long-standing demand from India's seafood sector
• Likely to benefit shrimp processing companies, including Apex Frozen Foods, Avanti Feeds, and Coastal Corporation

Apex Frozen Foods' EU Market Presence

Apex Frozen Foods has been steadily increasing its footprint in the European market:

• EU contribution to revenue grew from 26% to 39%
• The company reported robust demand from the EU
• Continuous efforts to strengthen market presence in the region

Industry Outlook

Analysts are optimistic about the impact of this development:

• Potential margin improvements expected for companies in the sector
• The move is seen as a positive step for the entire shrimp processing industry

This EU approval marks a significant milestone for Indian fishery exports and could pave the way for increased market access and growth opportunities for companies like Apex Frozen Foods in the European market.

Apex Frozen Foods Limited , a prominent player in the aquaculture industry, has announced significant leadership reappointments and corporate governance changes following a board meeting held on September 6, 2025.

Leadership Continuity and Reappointments

The company's board has approved the continuation of Karuturi Satyanarayana Murthy as Executive Chairman beyond the age of 70. Mr. Murthy, a co-promoter with over 30 years of experience in the aqua industry, has been reappointed for a five-year term from December 1, 2025, to November 30, 2030.

Karuturi Subrahmanya Chowdary, the current Managing Director, has also been reappointed for a five-year term coinciding with Mr. Murthy's tenure. Mr. Chowdary, aged 45, brings over 24 years of experience in the aqua sector and has been instrumental in the company's growth and expansion.

Additionally, Neelima Devi Karuturi has been reappointed as Whole-time Director for a five-year term from February 1, 2026, to January 31, 2031. Mrs. Karuturi, aged 41, has over 13 years of experience in the aqua industry and has been crucial in driving the company's administrative systems and CSR initiatives.

Independent Director Reappointments

The board has also approved the reappointment of two independent directors for their second five-year terms:

1. B. Raghavulu Naidu: Reappointed from June 4, 2026, to June 3, 2031. Mr. Naidu, aged 65, is a law graduate with extensive legal experience, including practice before the Madras High Court and senior legal roles at SBI.

2. Govindareddy Krishnamoorthy: Reappointed from June 22, 2026, to June 21, 2031. Mr. Krishnamoorthy, aged 71, is a Fellow Chartered Accountant with 40 years of experience in auditing, bringing valuable financial expertise to the board.

Increase in Managerial Remuneration Limit

In a move to align with the company's growth, the board has approved an increase in the overall limit of maximum managerial remuneration from 16.00% to 26.00% of the net profits, computed as per section 198 of the Companies Act, 2013.

Annual General Meeting and Auditor Appointment

Apex Frozen Foods has scheduled its 13th Annual General Meeting for September 29, 2025, to be held via video conferencing. The company has also appointed A S Ramkumar & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-2030.

All these appointments and changes are subject to shareholder approval at the upcoming Annual General Meeting.

These strategic decisions reflect Apex Frozen Foods' commitment to maintaining strong leadership continuity while also ensuring robust corporate governance practices. The reappointments and governance changes are expected to support the company's long-term growth strategy in the competitive aquaculture sector.