Apollo Finvest (India) Ltd has secured shareholder approval to re-appoint Mr. Akash Saxena as an Independent Director for a second term of five consecutive years. The resolution, passed via a postal ballot process, received 99.99% of votes in favour, solidifying the company's leadership structure. The outcome underscores strong shareholder confidence in the incumbent director, whose re-appointment was critical for maintaining governance continuity.

The postal ballot, conducted through remote e-voting, commenced on May 23, 2026, and concluded on June 21, 2026. A total of 2,638,582 votes were polled, representing 70.69% of the company's outstanding shares. The special resolution required a requisite majority, which was comfortably achieved with minimal opposition. Only 27 votes were cast against the resolution, while no votes were abstained or declared invalid.

Voting Breakdown

The voting participation was primarily driven by the Promoter and Promoter Group, which cast 2,638,263 votes in favour, constituting 99.98% of the total votes polled. Public Non-Institutional shareholders also participated, with 292 votes in favour and 27 against. Public Institutions did not participate in the voting process. The detailed voting pattern is summarized below:

Procedural Compliance

M/s. SGGS & Associates, Company Secretaries, served as the Scrutinizer for the postal ballot, ensuring the process adhered to the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting facility was managed by MUFG Intime India Private Limited, formerly known as Link Intime India Pvt. Ltd. The record date for determining eligibility was May 15, 2026, with the notice dispatched on May 21, 2026.

The Scrutinizer's Report confirmed that the votes were unblocked in the presence of independent witnesses, Ms. Priyanka Arora and Ms. Aditi Agrawal, ensuring transparency. The results of the postal ballot will be displayed at the company's registered office, its website, and on the BSE Limited platform. The re-appointment of Mr. Akash Saxena is now effective for the specified five-year term.

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:

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.