Background and Previous Disclosure

The disclosure is a follow-up to a prior submission made by the company to BSE Limited on June 02, 2026. That disclosure was based on a prior intimation received from Mr. Amit Anand (a Promoter and Acquirer) under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations). The proposed transaction involved the acquisition of equity shares by Mr. Amit Anand from Mrs. Sakshi Anand (also a Promoter) by way of an inter-se transfer by gift.

Update on Transaction Status

The company has been informed by Mr. Amit Anand that the proposed transfer could not be consummated. The failure was due to unavoidable procedural and operational constraints encountered during the execution process.

Reason for Non-Completion

A specific reason provided is that the Delivery Instruction Slip (DIS) submitted to process the proposed off-market transfer was not accepted by the Depository Participant. Consequently, the transfer could not be effected within the timeline contemplated in the initial June 02, 2026 disclosure.

Current Outcome and Impact

As a result:

  • The proposed acquisition/transfer has not been completed.
  • No transfer of shares has taken place.
  • No acquisition has been effected under the exemption available in Regulation 10(1)(a) of the SEBI SAST Regulations.

Future Intent

The parties (Mr. Amit Anand and Mrs. Sakshi Anand) continue to intend to undertake the proposed inter-se transfer. This intention is contingent upon the completion of requisite procedural requirements and the resolution of the issues that prevented the execution.

Next Steps and Compliance

Mr. Amit Anand (the Acquirer) has confirmed that a fresh prior intimation under Regulation 10(5) of the SEBI SAST Regulations will be submitted to the Stock Exchange before undertaking the proposed acquisition. This is to ensure compliance with all applicable regulatory requirements.

Purpose of Disclosure

This disclosure is made in the interest of transparency to keep the Stock Exchange and stakeholders informed of the transaction's status.

Enclosures and Signatories

The disclosure includes a copy of the communication received from Mr. Amit Anand. It is signed by Prem Anand (Chairperson and Director, DIN: 00951873) on behalf of Apis India Limited.

#Tags: #ApisIndiaLimited #SEBISASTRegulations #RegulatoryCompliance #OwnershipUpdate #Neutral