Disclosure Context
This is a regulatory filing by Aplab Limited (Scrip Code: 517096) submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document discloses the outcomes of the Board of Directors meeting held on October 29, 2026, including the approval of unaudited financial results for Q2 and H1 FY27, management appointment, and corporate governance matters.
Financial Performance Summary (Quarter Ended September 30, 2026)
Aplab Limited reported a net loss of ₹60.69 lakh for the quarter ended September 30, 2026, compared to a net profit of ₹161.20 lakh in the corresponding quarter of the previous year (Q2 FY26). The company reported a net loss of ₹251.63 lakh in the immediately preceding quarter (Q1 FY27).
Revenue from operations declined significantly to ₹1,082.95 lakh in Q2 FY27 from ₹1,734.93 lakh in Q2 FY26, representing a decrease of approximately 37.6% year-on-year. Total income stood at ₹1,138.01 lakh for the quarter, which includes other income of ₹55.06 lakh.
The company reported a loss before tax of ₹137.95 lakh for Q2 FY27, compared to a profit before tax of ₹208.13 lakh in Q2 FY26. Basic and diluted earnings per share were negative at ₹(0.39) for Q2 FY27, compared to positive ₹1.04 in Q2 FY26.
Half-Year Performance (April 1, 2026 - September 30, 2026)
For the half-year ended September 30, 2026, Aplab Limited reported a net loss of ₹312.31 lakh, compared to a net profit of ₹246.34 lakh in the same period of the previous year.
Revenue from operations for H1 FY27 was ₹2,044.15 lakh, down from ₹3,279.63 lakh in H1 FY26, representing a decrease of approximately 37.7%. Total income for the period was ₹2,107.91 lakh, which includes other income of ₹63.76 lakh.
The loss before tax for H1 FY27 was ₹444.00 lakh, compared to a profit before tax of ₹321.55 lakh in H1 FY26. Basic and diluted earnings per share were negative at ₹(1.99) for H1 FY27, compared to positive ₹1.59 in H1 FY26.
Balance Sheet Position (as of September 30, 2026)
Total assets stood at ₹5,626.84 lakh as of September 30, 2026, compared to ₹5,806.56 lakh as of March 31, 2026. Current assets decreased to ₹3,530.25 lakh from ₹3,781.92 lakh, primarily due to a reduction in cash and cash equivalents from ₹602.56 lakh to ₹136.17 lakh.
Inventories increased to ₹2,045.09 lakh from ₹1,941.89 lakh. Trade receivables increased to ₹979.12 lakh from ₹862.56 lakh. Total equity decreased to ₹1,761.43 lakh from ₹2,001.45 lakh, mainly due to accumulated losses reducing other equity from ₹430.20 lakh to ₹190.18 lakh, while equity share capital remained unchanged at ₹1,571.25 lakh.
Current liabilities increased to ₹3,128.48 lakh from ₹2,977.28 lakh, with borrowings under current liabilities rising to ₹2,031.22 lakh from ₹1,870.09 lakh.
Cash Flow Statement (Half-Year Ended September 30, 2026)
Net cash used in operating activities was ₹546.08 lakh for H1 FY27, compared to ₹231.82 lakh used in H1 FY26. Cash flow from investing activities generated ₹2.18 lakh, while financing activities generated ₹77.51 lakh, primarily from proceeds of long-term borrowings of ₹301.84 lakh, partially offset by repayment of short-term borrowings of ₹140.71 lakh and finance costs of ₹83.62 lakh.
The net decrease in cash and cash equivalents was ₹466.39 lakh, resulting in a closing balance of ₹136.17 lakh as of September 30, 2026.
Board Approvals and Corporate Developments
The Board of Directors, at their meeting held on October 29, 2026 (12:10 p.m. to 2:55 p.m.), approved:
1. The unaudited financial results for Q2 and H1 ended September 30, 2026, along with the limited review report by R. Bhargava & Associates, Chartered Accountants.
2. The appointment of Mr. Rakesh Margam (Membership No. A80189) as Company Secretary and Compliance Officer of the company, effective October 29, 2026. Mr. Margam is an Associate Member of ICSI with a B.Com degree in Accounting and Finance and over four years of professional experience in corporate secretarial and SEBI compliance matters, having previously been associated with Runwal Realty, Orient Technologies Limited, and practicing CS firms MMJC and M/s. AVS & Associates. The disclosure confirms no relationships exist between Mr. Margam and any directors of the company.
3. Consideration and approval of alteration of Articles of Association of the company (specific alterations not detailed in the disclosure).
Additional Information
The company will publish an abstract of the results in English and Marathi newspapers as required under SEBI Listing Regulations. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) and comply with SEBI circulars including CIR/CFD/CMD/15 dated November 30, 2015, and July 5, 2016.
The company operates in a single segment of electronic equipment manufacture, sale, and servicing. There were no unresolved investor complaints as of September 30, 2026, and no complaints were received during the quarter under review.
The financial results incorporate the impact of the New Labour Codes implemented effective November 21, 2025, which resulted in a one-time material increase in provision for employee benefits of ₹58.66 lakh for the year ended March 31, 2026, accounted for recognition of past service costs.