Aplab Ltd

Book Closure & AGM

• Book closure from 22 August 2026 to 28 August 2026 inclusive for the 61st AGM.
• AGM via VC/OAVM on 28 August 2026 at 11:30 a.m.
• Cut-off date for voting eligibility fixed on 21 August 2026 for remote e-voting and AGM voting.

Rights issue proceeds utilisation

• Purpose: confirm utilization of rights issue proceeds and valuation report.
• Mode of fund raising: Rights Issue.
• Issue size: ₹23.88 crore; close date: 3 July 2025.
• Net proceeds for utilization: ₹23.38 crore; issue size: ₹23.88 crore.
• Funds called: ₹6.29 crore received; balance calls pending.
• Deviation: None observed; Monitoring Agency reports no deviation.
• Audit commentary: Monitoring Agency notes no deviations.
• Monitoring agency: Infomerics Valuation and Rating Limited.
• Status of fund utilisation: fully utilized against called amount; future calls may deploy remaining.
• Period of fund raising: 04 June 2025 to 03 July 2025.
• Monitoring agency report notes no deviations; MA confirms true and fair view.
• Objects monitored: working capital, loan repayment, general corporate purposes.
• Progress status: unutilised net proceeds may be deployed in future fiscals.

Financial snapshot

• Total income 6,177.36 lakh; revenue from operations 5,843.53.
• Net profit after tax 251.67; earnings per share 1.69.
• Comprehensive income 360.48; PAT swing from loss year-on-year.
• Equity capital rose to Rs 1,571.25 lakh after rights issue.

Capital and liquidity

• Borrowings declined to 1,870.09 lakh; net debt 1,124.42 after cash.
• Debt-to-equity improved to 0.56 from 0.93.
• Cash and equivalents total 602.56; bank balances 143.11.
• Rights issue added 2.51 crore fully paid shares; equity increased.

Governance and leadership

• Nishith Deodhar appointed Executive Director for 3 years from 1-Jun-2026; remuneration Rs 60 lakh.
• Tanvi Paharia Jain appointed Non-Executive Director for 5 years from 1-Jun-2026.
• Uma Balakrishnan resigned as Independent Director on 19-Jan-2026.
• Sanjay N. Mehta MD; Amrita Deodhar Chairperson & WTD from 1-Sep-2025.
• Auditors Bhargava & Associates; Ind AS opinion clean; secretarial audit notes two observations.

Operations and strategy

• Four segments: PCCE, TMI, BA, SS; PCCE includes KAAS and KW systems.
• West Asia conflict boosts defence-focused PCCE demand.
• TMI added XSP high-efficiency programmable power supplies.
• BA focus on RBI phygital; pilots planned in FY27.
• SS expands support revenue; NSP LLIT UPS launched.

Risks and outlook

• Dependency on defence budget and limited customer base.
• R&D capital intensity and talent recruitment challenges.
• Need for stronger quality, governance, and data controls.

Shareholder matters and corporate actions

• AGM on 28-Aug-2026 via VC; book closure 22-28 Aug.
• Rights issue terms: 1:1 at Rs 19; premium Rs 2.5.
• Fully paid shares after issue: 2,51,40,000; total equity Rs 2,001.45 lakh.
• Dividend for the year not declared.

Financial highlights

• Revenue from operations: Q1 964.20; Q4 7,434.77; Q2 7,544.70; Year 5,843.53.
• Other income: Q1 8.69; Q4 160.84; Q2 19.48; Year 333.83.
• Profit before tax: Q1 -306.06; Q4 -86.35; Q2 -113.42; Year 340.35.
• Items not reclassified to P&L: Q1 60.44; Q4 138.41; Q2 3.00; Year 145.41.
• Tax on these items: Q1 -15.21; Q4 -34.78; Q2 -0.78; Year -36.60.
• Total comprehensive income: Q1 -205.40; Q4 31.16; Q2 87.36; Year 360.48.
• Board reviewed by Audit Committee and approved by Board on 30 July 2026.

Financial results approved

• Unaudited financial results for the quarter ended 30 June 2026 approved.
• Abstract of results to be published in English and Marathi newspapers under LODR.

Meeting Details

• Board meeting scheduled for 30 July 2026; time and venue not disclosed.

Key Agenda Items

• Approval of unaudited financial results for the first quarter ended 30 June 2026.

Dematerialisation processing and listing

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to depositories and listed on exchanges.
• Security certificates for dematerialisation were mutilated and cancelled; the depository's name was registered as owner within 15 days.

EGM outcome

• EGM held on 18 April 2026 approved one resolution with requisite majority.
• Meeting outcome was reported separately for fully paid and partly paid equity shares.

Resolution

• Special resolution: appointment of Mr. Suresh S. Shah as Independent Director for five years.
• Resolution was approved; votes in favour were 99.50% for fully paid shares and 96.85% for partly paid shares.
• Votes against were 0.50% for fully paid shares and 3.15% for partly paid shares.

Governance impact

• Board composition changes through appointment of an independent director.
• No capital raising, share issuance, or control change was disclosed.

Meeting

• Extraordinary General Meeting held on 18 April 2026 at 11:30 a.m.

Document type

• This chunk contains only the scrutinizer report submission cover letter.