Based on the recommendation of Nomination and Remuneration Committee, the Board has approved the appointment of Mr. Arun Mishra, as National Sales Head-GT Sales, a SMP OF THE Company. Details ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apis India Ltd's Board approved audited FY2026 results showing strong performance with consolidated total income of Rs. 39,627.75 lakhs (up 12% YoY) and profit after tax of Rs. 2,532.18 lakhs. The company appointed Mr. Arun Kumar Mishra as National Sales Head-GT Sales, classified as a Senior Management Personnel, effective May 30, 2026. Additionally, the Board approved changing statutory auditors from GAMS & Associates LLP to M/s S S Kothari Mehta & Co. LLP for a 5-year term, subject to shareholder approval. The statutory auditors issued an unmodified opinion, though they flagged disputed trade receivables of Rs. 358.99 lakhs with ECL provision of Rs. 720.85 lakhs, and foreign exchange compliance delays of Rs. 524.03 lakhs pending regularization.
The company delivered solid revenue and profit growth for FY2026. The appointment of a new statutory auditor is procedural and shareholder approval is pending. The disputed receivables and FEMA delays are flagged risks but auditors consider these non-material. Shareholders can expect stable operations with focus on sales expansion.