Apollo Ingredients Ltd has approved the alteration of the Object Clause of its Memorandum of Association to expand its business activities into agriculture, food processing, and agro-based products. The decision was taken through a Special Resolution at the 46th Annual General Meeting held on June 29, 2026. This strategic move enables the company to undertake new operations in cultivating, processing, and trading a wide range of agricultural produce and food ingredients.

The alteration involves inserting a new sub-clause III(A)(2) into the Memorandum of Association. This amendment authorizes the company to carry on business related to agricultural, horticultural, and floricultural produce. It covers the entire value chain, including sourcing, processing, preserving, grading, packing, storing, and transporting items such as fruits, vegetables, food grains, cereals, pulses, oilseeds, and spices.

Business Expansion Scope

The revised clause permits the company to manufacture and deal in food ingredients, additives, supplements, and nutraceutical ingredients. It also allows for the establishment of necessary infrastructure to support these activities. The company is now authorized to set up, acquire, and operate farms, warehouses, cold storages, processing plants, packaging units, and logistics facilities.

Key Resolutions

The filing was submitted to BSE Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ayushi Agrawal, Company Secretary and Compliance Officer, confirmed the approval and the enclosed details of the amendment.

Apollo Ingredients Limited has scheduled its 46th Annual General Meeting (AGM) for June 29, 2026, via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will be held at 04:00 P.M. IST to seek shareholder approval for key resolutions, including the appointment of an Independent Director and alterations to the Memorandum of Association. The Register of Members and Share Transfer Books will remain closed from June 22, 2026, to June 29, 2026, for the purpose of the AGM.

E-Voting and Book Closure

The company has engaged Mufg Intime India Private Limited (formerly Link Intime India Private Limited) to provide the remote e-voting facility. The remote e-voting period commences on June 26, 2026, at 9:00 a.m. IST and ends on June 28, 2026, at 5:00 p.m. IST. Members holding shares as on June 22, 2026, the cut-off date, are entitled to avail the facility of either remote e-voting or e-voting at the AGM. The Notice of AGM along with the Annual Report for the financial year 2025-26 has been sent electronically to members whose email addresses are registered with the company or depository participants.

Business to be Transacted

The AGM agenda includes the appointment of Mr. Amol Dinkar Nigudkar as an Independent Director for a term of five years. Shareholders will also vote on changing the designation of Ms. Lovely Ghanshyam Mutreja from Managing Director to Executive Director (Marketing Director) and Mr. Kirit Ghanshyam Mutreja from Executive Director to Managing Director. If approved, Mr. Kirit Ghanshyam Mutreja will receive a monthly remuneration of ₹1,82,325.

Related Party Transactions and Expansion

The board seeks approval for material related party transactions with Apollo Ingredients India Private Limited for the sale, purchase, or supply of goods up to ₹5 crore. Additionally, the company proposes altering the Object Clause of its Memorandum of Association to expand business activities into agricultural and food products, including cultivation, processing, and trading of various produce.

Compliance and Governance

The filing was signed by CS Ayushi Agrawal, Company Secretary and Compliance Officer. The company noted that it is under Graded Surveillance Measures (GSM) by BSE Limited. The rights issue proceeds were reallocated during the year, with ₹2,00,000 moved from issue expenses to working capital, and a deviation in utilization for lease payments was ratified by shareholders.