Apis India Limited has informed the stock exchange about the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mrs. Manisha Anand.

The company disclosed the development through a filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the official communication, Mrs. Manisha Anand resigned from her position due to personal reasons.

The resignation became effective from the closure of business hours on:

May 05, 2026

The company has also confirmed that it is currently in the process of identifying and appointing a suitable replacement for the CFO position.

Company Confirms Resignation of CFO and KMP

In the exchange filing submitted to BSE Limited, Apis India stated that the resignation pertains to both the role of:

• Chief Financial Officer
• Key Managerial Personnel

The company clarified that the resignation has been accepted and officially took effect after business hours on May 05, 2026.

The filing was made in accordance with SEBI disclosure requirements applicable to listed companies.

Reason Behind the Resignation

According to the disclosure, the resignation was submitted due to:

Personal reasons

The company also informed the exchange that it received confirmation from Mrs. Manisha Anand stating that:

There are no material reasons for her resignation other than those mentioned in her resignation letter.

This clarification is important because SEBI regulations require listed entities to disclose whether any additional material concerns exist in relation to resignations of Key Managerial Personnel.

Company Appreciates Contribution of Manisha Anand

Apis India placed on record its appreciation for the services rendered by Mrs. Manisha Anand during her tenure.

The company stated that it holds a:

“Deep sense of appreciation for the services rendered by Mrs. Manisha Anand and for her contribution during her tenure as the CFO.”

Such acknowledgements are commonly included in corporate filings to recognize leadership contributions made by outgoing senior executives.

New CFO Appointment Process Underway

The company also confirmed that efforts are currently underway to appoint a new candidate for the CFO role.

According to the filing:

“The Company is in the process of appointing a suitable candidate for the position of CFO & KMP.”

Apis India further stated that details regarding the appointment will be shared with the stock exchange in due course in compliance with applicable regulations.

This means investors can expect another corporate announcement once the new CFO is finalized.

Importance of CFO Position in Listed Companies

The role of a Chief Financial Officer is considered one of the most critical leadership positions in a listed company.

A CFO generally oversees:

• Financial planning
• Accounting operations
• Financial reporting
• Regulatory compliance
• Budget management
• Investor-related financial disclosures
• Internal financial controls

In listed entities, CFOs also play a major role in ensuring compliance with SEBI regulations and financial governance standards.

Therefore, leadership changes involving CFOs are treated as material developments and must be disclosed to stock exchanges.

What is a Key Managerial Personnel (KMP)?

Under Indian corporate regulations, certain senior executives are categorized as Key Managerial Personnel (KMP).

KMP positions generally include:

• Managing Director
• Chief Executive Officer
• Chief Financial Officer
• Company Secretary

These officials hold important operational and compliance responsibilities within the company.

Any appointment, resignation, or change involving KMPs requires formal disclosure under SEBI LODR Regulations.

Regulatory Disclosure Under Regulation 30

The announcement was made under:

Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The company also referred to the:

SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

SEBI regulations require listed companies to promptly disclose material corporate events to ensure transparency for shareholders and investors.

This includes disclosures related to:

• Senior management changes
• KMP appointments or resignations
• Financial leadership transitions
• Corporate governance developments

Details Mentioned in Annexure-1

As part of the disclosure, Apis India attached a detailed annexure providing regulatory information related to the resignation.

The filing confirmed:

• Name: Mrs. Manisha Anand
• Reason for change: Resignation
• Position: Chief Financial Officer and Key Managerial Personnel
• Effective date: May 05, 2026

The filing also clarified that sections related to appointment profile and director relationships were not applicable in this case.

Importance of Corporate Governance Transparency

Timely disclosure of senior management changes is considered an important aspect of corporate governance.

Investors closely monitor such developments because leadership changes may influence:

• Financial strategy
• Operational management
• Compliance oversight
• Investor confidence
• Corporate continuity

By promptly disclosing the resignation and providing regulatory clarification, Apis India complied with transparency requirements expected from listed entities.

Potential Investor Perspective

Management transitions in listed companies can attract investor attention, especially when they involve senior financial leadership positions.

However, the impact of such changes depends on multiple factors including:

• Company succession planning
• Stability of management structure
• Financial performance
• Governance practices
• Speed of replacement appointment

In this case, the company has already indicated that the process of appointing a new CFO is underway, which may provide continuity assurance to investors.

About Apis India Limited

Apis India Limited is a company engaged in the food and consumer products sector.

The company is widely known for its business in:

• Honey products
• Food processing
• Consumer food products
• Packaged food categories

Apis India operates in India’s packaged food industry and has established brand recognition in the honey segment.

The company’s shares are listed on the:

BSE Limited

under:

Scrip Code: 506166

As a listed company, Apis India is required to maintain regular disclosure standards under SEBI regulations.

Leadership Changes and Business Continuity

Leadership transitions are common in corporate organizations and companies usually maintain succession planning processes to ensure operational continuity.

The transition period generally includes:

• Interim financial oversight
• Recruitment and evaluation
• Appointment approval process
• Regulatory disclosure compliance

The company’s confirmation regarding replacement efforts suggests that operational and compliance continuity remains a priority.

SEBI’s Focus on Enhanced Disclosure Norms

In recent years, SEBI has strengthened disclosure requirements related to resignations of senior officials and KMPs.

Listed companies are now required to provide:

• Clear resignation reasons
• Confirmation regarding absence of undisclosed material concerns
• Timely exchange filings
• Supporting resignation communication

These measures aim to improve investor transparency and prevent uncertainty around management exits.

Apis India’s filing specifically included confirmation from Mrs. Manisha Anand regarding the absence of additional material reasons.

Company Website Disclosure

The company also informed investors that the disclosure would be made available on its official website:

www.apisindia.com

This aligns with listing compliance norms requiring companies to maintain investor-related disclosures on their websites for public access.

Official Filing and Signatory

The filing was signed by:

Amit Anand
Managing Director
DIN: 00951321

The company requested BSE to take the information on record and acknowledge receipt.

The disclosure was submitted as part of mandatory compliance obligations under SEBI regulations.

Market Attention on Management Changes

Corporate announcements related to senior management changes often receive market attention because they may indicate organizational developments.

However, such changes are not uncommon in listed companies and are generally evaluated in the context of:

• Business continuity
• Financial performance
• Governance framework
• Replacement strategy

Since Apis India has already initiated the process of appointing a new CFO, investors may now monitor future announcements related to the appointment of the successor.

Conclusion

Apis India Limited has officially announced the resignation of Mrs. Manisha Anand from the positions of Chief Financial Officer and Key Managerial Personnel due to personal reasons.

Key highlights of the development include:

• Resignation effective from May 05, 2026
• Resignation submitted due to personal reasons
• No additional material concerns reported
• Company initiating process to appoint new CFO
• Disclosure made under SEBI Regulation 30

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