Apollo Finvest conducts 40th AGM on September 17, 2026
- Apollo Finvest (India) Limited held its 40th Annual General Meeting on September 17, 2026, via video conferencing with 64 members attending
- Five resolutions were transacted through remote e-voting, covering adoption of financial statements for the year ended March 31, 2026, director re-appointment, NCD issuance approval, related party transactions, and secretarial auditor appointment
- Management introduced Apollo Cash as the company's flagship digital lending product and highlighted healthy income growth, sustained profitability, and improving margins
- Remote e-voting was open from September 14, 2026 to September 16, 2026; voting results are to be declared on the company website and stock exchanges
*this image is generated using AI for illustrative purposes only.
Apollo Finvest (India) Limited held its 40th Annual General Meeting on September 17, 2026, via video conferencing, with 64 members in attendance.
The meeting commenced at 11:30 am and concluded at 11:52 am. It was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, and in accordance with applicable provisions of the Companies Act, 2013.
Meeting details
The following table summarises the key details of the AGM:
| Parameter | Details |
|---|---|
| Type of meeting | 40th Annual General Meeting |
| Date | September 17, 2026 |
| Time of commencement | 11:30 am |
| Time of conclusion | 11:52 am |
| Mode | Video conferencing / Other audio-visual means |
| Total members attended | 64 |
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:
| Item no. | Resolution | Type |
|---|---|---|
| 1 | Adoption of audited financial statements for the financial year ended March 31, 2026, along with reports of the Board of Directors and auditors | Ordinary |
| 2 | Re-appointment of retiring director | Ordinary |
| 4 | Approval for borrowings through issue of non-convertible debentures on private placement basis | Special |
| 5 | Material related party transaction with directors/promoters of the company | Special |
| 6 | Appointment of secretarial auditor | Ordinary |
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.
Voting results and next steps
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. The voting results are to be declared on the company's website, the stock exchanges where it is listed, and Central Depository Services (India) Limited. The detailed voting results, as required under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, are to be submitted separately. The proceedings of the AGM have been uploaded on the company's website.
Historical Stock Returns for Apollo Finvest
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +22.66% | +46.47% | +38.14% | +2.90% | -19.24% |
How will the approved issuance of non-convertible debentures impact Apollo Finvest's debt-to-equity ratio and overall cost of capital in the coming fiscal year?
What specific regulatory changes or compliance measures are driving the material related party transaction approved by shareholders, and how might this affect minority investor confidence?
Given the early traction of the flagship product 'Apollo Cash,' what is the projected timeline for it to become a significant contributor to the company's total revenue?
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