Apollo Finvest faces arbitration claim of INR 6.02 Cr

Psi Phi Global Solutions Private Limited has initiated arbitration proceedings against Apollo Finvest (India) Ltd before the Hon'ble High Court of Judicature at Bombay, claiming INR 6,02,81,512. The dispute arises from a Master Service Agreement dated December 1, 2022, entered into by the company and the claimant for the provision of certain services. The company stated that the allegations and claims made by the claimant are without merit and it intends to vigorously defend its position.

The arbitration proceedings are pending in Mumbai, India. Apollo Finvest has engaged legal counsel to file its response contesting the claim raised by Psi Phi Global Solutions Private Limited. The company's management, based on its current assessment and legal advice, believes the proceedings are not expected to have any material adverse financial impact on the company.

Details of the dispute

The following table outlines the particulars of the litigation and the claims involved:

Particulars	Description
Name of opposing party	M/s. Psi Phi Global Solutions Private Limited
Court/tribunal	Arbitration proceedings under the Hon’ble High Court of Judicature at Bombay (Place of Arbitration – Mumbai, India)
Brief details of dispute	The arbitration arises from a Master Service Agreement dated December 1, 2022, including a subsequent addendum. The claimant has asserted claims aggregating to INR 6,02,81,512 against the company.
Expected financial implications	The company believes the proceedings are not expected to have any material adverse financial impact based on current facts and legal advice.
Quantum of claims	INR 6,02,81,512

Apollo Finvest confirmed it is taking requisite steps to safeguard its interests and pursue all remedies available under law. The disclosure was made to BSE Limited on June 19, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.19%	+1.57%	+2.23%	-13.15%	-33.02%	-47.32%

Apollo Finvest (India) Limited has completed the dispatch of the Postal Ballot Notice to shareholders via electronic mode on May 21, 2026. The notice seeks approval for the re-appointment of Mr. Akash Saxena as an Independent Director for a second term of five consecutive years, effective from June 30, 2026, to June 29, 2031. The company has published the public notice in newspapers Active Times and Mumbai Lakshadweep on May 22, 2026.

The proposal follows the recommendation of the Nomination and Remuneration Committee. Mr. Saxena was initially appointed on June 30, 2021, and his current term concludes on June 29, 2026. The company has received a declaration from Mr. Saxena confirming he meets the criteria of independence under Section 149(6) of the Companies Act, 2013, and relevant SEBI Listing Regulations.

Postal Ballot and E-Voting Schedule

The remote e-voting facility is available to shareholders whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of May 15, 2026. The voting period commences on May 23, 2026, at 9:00 AM IST and concludes on June 21, 2026, at 5:00 PM IST. Shareholders will not be permitted to change their votes once cast.

Event	Date and Time
Cut-off Date	May 15, 2026
E-voting Start	May 23, 2026, 9:00 AM IST
E-voting End	June 21, 2026, 5:00 PM IST
Result Declaration	On or before June 23, 2026

Director Profile

Mr. Akash Saxena (DIN: 09217893) brings over 20 years of experience, primarily in the technology sector. He currently serves as the SVP and Head of Technology at Hotstar. His previous roles include leadership positions at Craftsvilla, TinyOwl, and OpenTable. He holds a Masters in Computer Science from Arizona State University.

The company has appointed Mr. Gaurav Sainani, Partner, SGGS & Associates, as the Scrutinizer. The results of the voting will be announced on or before June 23, 2026, and disclosed on the company's website and stock exchanges.