Apis India Limited has submitted a corrigendum to its earlier corporate announcement regarding the cessation of a senior management personnel. The disclosure is made under Regulation 30 read with Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company refers to its earlier letter no. AIL/CS/2026-27/466 dated April 16, 2026, and a subsequent email from the exchange dated May 23, 2026, regarding discrepancies in the disclosure submitted under Regulation 30 of SEBI LODR Regulations. The disclosure pertained to the resignation of Mr. Sharad Vatts from the post of National Sales Head of the company, effective from April 16, 2026.
The company states that at the time of filing the initial disclosure, the resignation letter of Mr. Sharad Vatts could not be attached due to an inadvertent oversight and administrative delay in receipt/processing of the signed copy of the resignation letter. However, the company had timely intimated the stock exchange regarding the cessation/resignation event under Regulation 30 of SEBI LODR Regulations, 2015 to ensure prompt dissemination of material information.
The company has now enclosed the resignation letter of Mr. Sharad Vatts along with this reply for the exchange's record and reference.
The resignation letter from Mr. Sharad Vatts is dated April 15, 2026, and is addressed to the Board of Directors of Apis India Limited at their registered office: 18/32, East Patel Nagar, New Delhi - 110008. In the letter, Mr. Vatts tenders his resignation from the position of Senior Management Personnel designated as National Sales Head of the company due to personal commitments and other personal reasons. The resignation is effective from the closure of business hours on April 15, 2026. Mr. Vatts confirms that there are no material reasons for his resignation other than those stated and expresses gratitude for the opportunities extended to him during his tenure.
Financial Impact
No financial impact is quantified in the disclosure.