Key Quantitative Figures

  • Financial Performance (₹ in lakhs):
  • Gross Turnover & Other Income: 6,177.36 (FY2026) vs 6,875.97 (FY2025)
  • Net Profit after Tax: 360.48 (FY2026) vs 33.82 (FY2025)
  • Net Worth: 2,001.45 (FY2026) vs 1,037.45 (FY2025)
  • Equity Share Capital: 1,571.25 (FY2026) vs 1,257.00 (FY2025)
  • Key Ratios:
  • Debt Equity Ratio: 0.93 (FY2026) vs 2.38 (FY2025)
  • Current Ratio: 1.27 (FY2026) vs 1.02 (FY2025)
  • Net Profit Margin: 4.31% (FY2026) vs 0.41% (FY2025)
  • Return on Net Worth: 12.57% (FY2026) vs 2.54% (FY2025)

Dates of Action

  • AGM Date: August 28, 2026 at 11:30 AM via video conference
  • Record Date: August 21, 2026
  • E-voting Period: August 25, 2026 (9:00 AM) to August 27, 2026 (5:00 PM)
  • Book Closure: August 22, 2026 to August 28, 2026 (both days inclusive)

Parties Involved

  • Registrar & Transfer Agent: Adroit Corporate Services Pvt. Ltd.
  • E-voting Agency: National Securities Depository Limited (NSDL)
  • Bankers: Union Bank of India, Thane
  • Auditors: R. Bhargava & Associates, Chartered Accountants
  • Scrutinizer: Mrs. Rama Subramanian, Practising Company Secretary

Board Changes

Current Board (as of March 31, 2026):

  • Sanjay N. Mehta (Managing Director) - Appointed September 1, 2025
  • Nishith P. Deodhar (Executive Director) - Appointed June 1, 2026
  • Haresh G. Desai (Independent Director) - Appointed April 1, 2025
  • Suresh S. Shah (Independent Director) - Appointed January 19, 2026
  • Tanvi Paharia Jain (Non-Executive Non-Independent Director) - Appointed June 1, 2026

Resignations during FY2025-26:

  • Amrita P. Deodhar (Chairperson & Whole-time Director) - Resigned May 31, 2026
  • Uma Balakrishnan (Independent Director) - Resigned January 19, 2026
  • Rajesh K. Deherkar (CFO & Company Secretary) - Resigned May 31, 2026

Special Business Resolutions

Item 3: Appointment of Mr. Nishith P. Deodhar as Executive Director for 3 years (June 1, 2026 to May 31, 2029) with annual remuneration of ₹60 lakhs plus perquisites including:

  • Basic Salary: ₹29.00 lakhs
  • HRA: ₹14.50 lakhs
  • Car Fuel Allowance: ₹6.00 lakhs
  • Special Allowance: ₹7.39 lakhs
  • Other allowances and contributions

Item 4: Appointment of Ms. Tanvi Paharia Jain as Non-Executive Non-Independent Director for 5 years (June 1, 2026 to May 31, 2031) with only sitting fees

Capital Structure Impact

  • Rights Issue: Completed 1:1 rights issue of 1,25,70,000 equity shares of ₹10 each at ₹19 per share
  • Partly Paid Shares: ₹2.50 paid up per share (including premium of ₹2.50), balance payable on future calls
  • Share Capital Increase: From ₹1,257.00 lakhs to ₹1,571.25 lakhs
  • Dematerialization: 99.33% of equity share capital dematerialized as of March 31, 2026

Business Overview

The company operates in four business segments:

1. Power Control and Conversion Electronics (PCCE): UPS systems, frequency converters, aviation ground power units

2. Test and Measurement Instrumentation (TMI): Programmable AC/DC sources, linear power supplies

3. Banking and Business Automation (BA): Self-service kiosks for banks

4. Customer Service and Support (SS): Technical and product support services

Financial Impact Disclosed

  • Improved profitability with net profit of ₹360.48 lakhs vs ₹33.82 lakhs previous year
  • Reduced debt levels improving debt-equity ratio from 2.38 to 0.93
  • Rights issue raised ₹314.25 lakhs in equity capital
  • No dividend recommended for the year

Employee Information

  • Total employees: 152 (128 Male, 24 Female)
  • No complaints under Sexual Harassment of Women at Workplace Act
  • Gratuity liability: ₹692.89 lakhs (with LIC policy of ₹8.18 lakhs)

Contingent Liabilities

  • Disputed tax/duty demands: ₹508.29 lakhs
  • Bank guarantees: ₹375.31 lakhs
  • Employee gratuity cases: ₹327.48 lakhs

Auditor Reports

  • Statutory Auditors: R. Bhargava & Associates - Unmodified opinion
  • Secretarial Auditor: CS Rama Subramanian - Qualified report noting non-compliance with gratuity settlements and fixed deposit treatment
  • Internal financial controls: Adequate and operating effectively

#Tags: #AplabLimited #AGMNotice #AnnualReport #SEBIDisclosure #DirectorAppointment #FinancialResults #RightsIssue #RegulatoryCompliance