Notice for 61st Annual General Meeting on 28th August, 2026 and Annual Report for the financial year 2025-26.

August 6, 2026 BSE Limited Corporate Relationship Department 25th Floor, Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001 Dear Sir, Sub: Notice for 61st Annual General Meeting and Annual Report for the year 2025-26 Scrip Code: 517096 – APLAB LIMITED – Fully paid 890217-APLAB LIMITED – Partly paid Pursuant to Regulations 30 & 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), please find enclosed herewith the Notice of the 61st Annual General Meeting (‘AGM’) of the Company and Annual Report for the financial year 2025-26. The Annual Report containing the Notice is also uploaded on the Company's website www.aplab.com and emailed to all the shareholders /beneficial owners of the Company on 6th August, 2026 whose email id is registered with the Company. The Company is pleased to provide to its members the facility to exercise their right to vote on the resolutions proposed to be passed at the AGM by electronic means. The date and time of remote e-voting facility are as under: Date and time of 61st AGM through video Friday, the 28th August 2026 at 11.30 a.m. conferencing / other audio-visual means through video conferencing/ other audio- visual means Cut-off date for determining the eligibility of Friday, the 21st August 2026 the members for voting by electronic means or during the AGM (E-voting) Date and time of commencement of remote Tuesday, 25th August 2026 at 9.00 a.m. E-voting Date and time of end of remote E-voting Thursday, 27th August 2026 at 5:00 p.m. Closure of Register of Members and Share From Saturday the 22nd August 2026 to Transfer Books Friday the 28th August 2026 (both days inclusive) Agency for E-voting National Securities Depository Limited Kindly take the same on your records. Thanking you, Yours faithfully, For Aplab Limited Sanjay N. Mehta Managing Director Contents Page No. Notice 04 Directors’ Report 17 Corporate Governance Report 24 Auditors’ Report 40 Balance Sheet 50 Statement of Profit & Loss 51 Cash Flow Statement 52 Notes to the Financial Statements 55 APLAB LIMITED Aplab Limited 61st Annual Report 2025-2026 Board of Directors Name of Director DIN Designation With Effect From Sanjay N. Mehta 00036539 Managing Director 01st September 2025 Nishith P. Deodhar 01614848 Executive Director 01st June 2026 Haresh G. Desai 00048112 Independent Director 01st April 2025 Suresh S. Shah 00054740 Independent Director 19th January 2026 Tanvi Paharia Jain 11565232 Non-Executive Non-Independent Director 01st June 2026 Amrita P. Deodhar 00538573 Chairperson & Whole-time Director Resigned on 31st May 2026 Uma Balakrishnan 07066021 Independent Director Resigned on 19th January 2026 CFO & Company Secretary Name Membership Number Designation With Effect From Ravish N. Modi N.A. CFO 01st June 2026 Rajesh K. Deherkar A10783 CFO & Company Secretary Resigned on 31st May 2026 Registered Office & Works Registered Office Plot No. 12, TTC Industrial Area Thane Belapur Road, Digha Navi Mumbai - 400 708. Tel. 9820542586 email: shares@aplab.com web: www.aplab.com Works Plot No. B-92, Road No. 27 Wagle Industrial Estate, Thane – 400 604 Sales & Service Centres North: Agra, Chandigarh, Jaipur, Ludhiana, Lucknow, New Delhi West: Ahmedabad, Bhopal, Goa, Indore, Nagpur, Pune, Surat, Thane East: Bhubaneshwar, Guwahati, Kolkata, Patna, Raipur South: Bangalore, Chennai, Coimbatore, Hubli, Kannur, Kochi, Madurai, Mangalore, Mysore, Secunderabad, Trichy, Trivandrum Auditors R. Bhargava & Associates, Chartered Accountants, 247B, Green Apartment, Opp. Tagore Garden Stn., Rajouri Garden, New Delhi – 110027 Bankers Union Bank of India, Thane Registrar & Transfer Agents M/s. Adroit Corporate Services Pvt. Ltd. 17-20, Jaferbhoy Industrial Estate, 1st Floor, Makwana Road, Marol Naka, Mumbai - 400059. Tel. 42270400 Stock Exchange Listing Shares listed on Script Type Scrip Code ISIN Bombay Stock Exchange Fully Paid-up 517096 INE273A01015 Bombay Stock Exchange Partly Paid-up 890217 IN9273A01047 61st ANNUAL REPORT 2025-26 NOTICE TO SHAREHOLDERS Particulars Amount (Rs. in lakhs) NOTICE is hereby given that the 61st Annual General Meeting Basic Salary 29.00 (‘AGM’) of the Members of Aplab Limited will be held on Employers Contribution to 0.22 Friday, the 28th August 2026, at 11:30 am IST through Video PF and Pension Conference (VC)/ Other Audio-Visual Means (OAVM) facility, HRA 14.50 to transact the Ordinary and Special Businesses as mentioned Gratuity 1.39 below: LTA 0.60 ORDINARY BUSINESS: Car Fuel Allowance 6.00 1. To receive, consider and adopt the Audited Financial Children Education 0.72 Statements of the Company for the Financial Year ended Allowance 31st March, 2026 including the Audited Balance Sheet as Telephone Allowance 0.18 at 31st March, 2026 and the Statement of Profit and Loss of the Company for the year ended on that date, along Special Allowance 7.39 with the reports of the Board of Directors and Auditors Employee PF -0.22 thereon. PT -0.03 2. To appoint a director in place of Mr. Sanjay N. Mehta RESOLVED FURTHER THAT Mr. Nishith P. Deodhar (DIN: 00036539), who retires by rotation and being eligible (DIN: 01614848) shall be entitled to perquisites, allowance offers himself for re-appointment. and other benefits as per the rules of the Company subject to the applicable laws and as set out in the explanatory SPECIAL BUSINESS: statement. 3. To consider and if thought fit, to pass with or without modifications, the following resolution as a Special RESOLVED FURTHER THAT if in any financial year Resolution during his tenure of appointment, the Company incurs a loss or its profits are inadequate, the Company shall pay to RESOLVED THAT pursuant to the recommendations of Mr. Nishith P. Deodhar (DIN: 01614848) the remuneration the Nomination and Remuneration Committee of the Board by way of perquisites, allowances and other benefits as and approval of the Board of Directors through its resolution specified as a minimum remuneration, subject however dated 26th May, 2026 and pursuant to the provisions of to the limits and conditions specified in Schedule V of the Sections 196, 197 and other applicable provisions, if any, Companies Act, 2013. read along with Schedule V of the Companies Act, 2013 as amended (‘Act’), and the Companies (Appointment RESOLVED FURTHER THAT Mr. Nishith P. Deodhar, and Remuneration of Managerial Personnel) Rules, 2014, Executive Director (DIN: 01614848) shall perform such as amended from time to time (including any statutory duties as entrusted to him from time to time, subject to the modifications or re-enactment(s) thereof for the time being supervision and control of the Board of Directors. in force), the consent of the Company be and is hereby RESOLVED FURTHER THAT Mr. Nishith P. Deodhar accorded for the appointment and terms of remuneration (DIN: 01614848) shall be liable to retire by rotation. of Mr. Nishith P. Deodhar (DIN: 01614848) as Whole-time Director designated as Executive Director of the Company RESOLVED FURTHER THAT the Board be and is hereby for a period of 3 years with effect from 1st June, 2026 to authorized to take all necessary or desirable steps to give 31st May, 2029 on the following terms and conditions: effect to this resolution and enhance the remuneration APLAB LIMITED payable to Mr. Nishith P. Deodhar (DIN: 01614848) in NOTES: future on improvement of Company’s performance within 1. Explanatory Statement pursuant to Section 102(1) of the the permissible limits of Schedule V of the Companies Companies Act, 2013 with respect to the Special Business Act, 2013.” to be transacted at the AGM is annexed hereto. 4. To consider and if thought fit, to pass with or without 2. The Register of Members and the Share Transfer Books modifications, the following resolution as a Special of the Company will remain closed from 22nd August 2026 Resolution to 28th August 2026 (both days inclusive) for the purpose “RESOLVED THAT pursuant to the provisions of Section of the AGM. 149, 15 [Showing first 8,000 characters — download PDF for full document]