Ankit Nagar is a Chartered Accountant with 16 years of experience, previously at Dharampal Satyapal Foods, Modi Rubber, and HSBC.

When does the new CFO take charge?

The appointment is effective June 16, 2026, right after the board meeting on June 15.

Why did the previous CFO resign?

Manisha Anand resigned earlier this month. The filing does not specify a reason.

How important is this for Apis India?

For a micro-cap with ₹834 cr market cap, the quick CFO appointment signals governance and operational continuity, partially restoring investor confidence after an unexpected exit.

Is this the only board change?

No. The board also appointed Pankaj Tripathi as General Manager of HR, Admin and IT to strengthen human resource functions.

Agriculture · Micro cap

Apis India fills CFO gap with Ankit Nagar

The micro-cap sweetener maker swiftly replaces Manisha Anand with a seasoned chartered accountant from Dharampal Satyapal Foods, signalling governance intent.

— 1 earlier story on Apis India Ltd. →

APIS By Tipsheet Editorial 15 Jun 2026 · 5:31 PM IST Verify on BSE · NSE

Mkt cap₹834 cr

P/E34.39×

ROE14.63%

Debt / eq.0.37

16 years Experience of new CFO Ankit Nagar

What's new

Apis India appoints Ankit Nagar as CFO and KMP, effective June 16, 2026.
He replaces Manisha Anand who resigned earlier this month.
Pankaj Tripathi also named General Manager of HR, Admin and IT.

Why this matters

A micro-cap company's financial oversight is critical; the quick replacement of a resigned CFO reduces uncertainty. Nagar's Big FMCG and banking background adds credibility.

What we're watching

Any forward guidance from the new CFO on cost or margin initiatives.
Whether the HR appointment hints at scale-up plans.
Next quarterly results to gauge management stability.

The full read

Apis India has moved fast to fill the CFO vacancy created by Manisha Anand's sudden resignation. On Monday, the board appointed Ankit Nagar, a Chartered Accountant with 16 years of experience at Dharampal Satyapal Foods, Modi Rubber, and HSBC, effective June 16, 2026. For a micro-cap with a ₹834 crore market cap and a trailing P/E of 34, financial stewardship matters. The swift hire curbs the uncertainty that often follows a senior exit. The company also promoted Pankaj Tripathi to General Manager of HR, Admin and IT, a move that hints at institutional build-out. Fresh off a year that ended with ₹10.35 crore Q4 net profit (up 27% YoY), Apis now has a seasoned finance chief and a strengthened corporate function. The next test is not personnel: it's execution.

Questions answered

Who is Ankit Nagar?: Ankit Nagar is a Chartered Accountant with 16 years of experience, previously at Dharampal Satyapal Foods, Modi Rubber, and HSBC.
When does the new CFO take charge?: The appointment is effective June 16, 2026, right after the board meeting on June 15.
Why did the previous CFO resign?: Manisha Anand resigned earlier this month. The filing does not specify a reason.
How important is this for Apis India?: For a micro-cap with ₹834 cr market cap, the quick CFO appointment signals governance and operational continuity, partially restoring investor confidence after an unexpected exit.
Is this the only board change?: No. The board also appointed Pankaj Tripathi as General Manager of HR, Admin and IT to strengthen human resource functions.

Mentioned: Ankit Nagar · Manisha Anand · Dharampal Satyapal Foods

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Apis India Ltd.

Agriculture

₹824 cr

P/E 32.53×

Latest quarter · Mar 2026

Sales₹98 cr

Net profit₹7 cr

Op. margin+7.8%

EPS₹0.75

Strength & growth

Debt / equity0.37×

Current ratio2.14×

Sales CAGR+9.8%

Story so far

All notes on APIS →

15 Jun 2026 · 5:31 PM IST Apis India fills CFO gap with Ankit Nagar
10d ago Apis India's best year ends with a profit surge