Automobile Products of India Limited (APIL) has been fined Rs. 10.85 lakh by the BSE Limited for failing to meet minimum public shareholding requirements, as disclosed in a recent regulatory filing.

Fine Details

The company received an email from BSE Limited on November 11, 2025, informing them of the penalty. Here are the key details of the fine:

Company's Response

In response to the fine, APIL stated that it is currently evaluating various options to comply with the minimum public shareholding requirements. The company aims to address this issue at the earliest, demonstrating its commitment to regulatory compliance.

Regulatory Context

The fine imposed on APIL underscores the importance of maintaining minimum public shareholding as per the Securities and Exchange Board of India (SEBI) regulations. This requirement is crucial for ensuring adequate liquidity in the stock and protecting the interests of minority shareholders.

Impact and Outlook

While the fine represents a financial setback for APIL, the company's proactive approach in exploring compliance options suggests a commitment to resolving the issue. Investors and market watchers will likely keep a close eye on APIL's future actions to meet the public shareholding requirements and its potential impact on the company's stock performance.

As the situation develops, stakeholders should monitor further announcements from APIL regarding its plans to achieve compliance with SEBI's public shareholding norms.

AUTOPRD has announced a significant change in its leadership team. The company has appointed Ms. Dipti Parmar as its new Chief Financial Officer (CFO), effective October 1, 2025.

Board Approval and Committees' Recommendations

The appointment of Ms. Parmar was approved by AUTOPRD's Board of Directors during a meeting held on October 1, 2025. This decision was based on the recommendations from both the Nomination and Remuneration Committee and the Audit Committee of the Board, highlighting the company's commitment to a thorough selection process.

Ms. Dipti Parmar's Professional Background

Ms. Parmar brings to the role a strong financial background and relevant experience:

• Qualification: Chartered Accountant
• Experience: Nearly 3 years of post-qualification experience
• Expertise Areas:
  • Financial leadership
  • Audit
  • Regulatory compliance
  • Statutory audits
  • Financial reporting
  • Risk management

Her experience spans across various sectors, including manufacturing, trading, and services, covering both listed and private companies. This diverse background positions her well to contribute to AUTOPRD's financial strategies and compliance efforts.

Key Responsibilities

As the Chief Financial Officer, Ms. Parmar is expected to play a crucial role in:

• Overseeing the company's financial operations
• Ensuring regulatory compliance
• Managing financial reporting
• Implementing risk management strategies

Corporate Governance and Disclosure

In compliance with SEBI regulations, specifically Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, AUTOPRD has made the necessary disclosures regarding this appointment. The company has also updated this information on its official website, www.apimumbai.com , ensuring transparency for all stakeholders.

The appointment of Ms. Dipti Parmar as CFO marks a new chapter for AUTOPRD. With her expertise in financial management and compliance, the company looks poised to strengthen its financial leadership as it moves forward in the automotive sector.