Apollo Finvest (India) Limited shareholders approved the reappointment of Mikhil Innani as Managing Director at its 40th Annual General Meeting held on September 17, 2026. The company also appointed M/s. Pranay D. Vaidya and Co. as its secretarial auditor for a five-year term.

The meeting, conducted via video conferencing, saw attendance from 64 members, including three promoters and 61 public shareholders. The cut-off date for voting rights was September 10, 2026, with 5,418 equity shareholders holding a total of 37,32,673 shares entitled to vote.

Meeting details

The following table summarises the key details of the AGM:

Resolutions transacted

Members were informed that all resolutions had been put to vote through remote e-voting, which was available from September 14, 2026 at 9:00 am to September 16, 2026 at 5:00 pm. An e-voting window was also kept open during the meeting and for 15 minutes after its conclusion for members who had not cast their votes earlier. The following resolutions were transacted:

Voting results

Mr. Pranay Vaidya, proprietor of M/s. Pranay D. Vaidya and Co., Practicing Company Secretaries, was appointed as the scrutinizer for remote e-voting and e-voting during the AGM proceedings. All resolutions were passed with the requisite majority.

For Item Nos. 2 and 4, 26,38,263 votes cast by promoters and promoter group members were treated as invalid due to their interest in the respective resolutions. The valid votes from public non-institutional shareholders determined the outcome for these items.

Resolution-wise voting summary

Key appointments

Mr. Mikhil Innani (DIN: 02710749), who was liable to retire by rotation, was reappointed as Director. He continues to serve as the Managing Director and CEO of the company. Mr. Innani is currently building an “AWS for Lending” platform designed to enable companies to start digital lending in under 48 hours.

The company also appointed M/s. Pranay D. Vaidya and Co., a peer-reviewed firm of Practicing Company Secretaries, as its Secretarial Auditor for five consecutive years commencing from FY26-27 till FY30-31. The firm provides corporate compliance solutions across regulatory frameworks including the Companies Act, RBI, and SEBI regulations.

Business overview presented at the AGM

Mikhil Innani, Managing Director and CEO, and Diksha Nangia, Whole Time Director and CFO, addressed shareholders and presented a PowerPoint presentation during the meeting. They traced Apollo Finvest's evolution from its early foundations to becoming a key enabler for digital lenders, and described how the company adapted its strategy in response to a changing regulatory landscape by focusing on stronger partnerships and deeper diligence.

The management highlighted the company's disciplined approach of studying successful players in the industry before innovating into new lending models. They also spoke about Apollo Finvest's consistent track record of profitability and steady growth in net worth. Mikhil Innani introduced Apollo Cash, described as the company's flagship digital lending product, and noted its early traction along with the team being built to support its growth. The management shared that the company recorded healthy income growth, sustained profitability, and improving margins, along with continued momentum in the most recent quarter.

Apollo Finvest India has responded to an inquiry from BSE regarding movement in its stock price, attributing the change to prevailing market conditions.

Company's response to BSE inquiry

Apollo Finvest India clarified to BSE that no specific corporate event or development was responsible for the observed change in its stock price. The company indicated that the price movement was a result of general market conditions rather than any company-specific announcement or action.

Key details of the disclosure

Such disclosures are a standard regulatory practice where stock exchanges seek clarification from listed companies when unusual or notable price movements are observed in their securities. Apollo Finvest India's response confirms that no material undisclosed information was driving the stock's price change at the time of the inquiry.