Apollo Ingredients appoints Palak Jain Kothari as company secretary
- Apollo Ingredients appointed Palak Jain Kothari as Company Secretary and Compliance Officer effective October 1, 2026
- The board approved eight revised governance policies including Whistle Blower and Related Party Transaction guidelines
- Strategic discussions covered Environmental Product Declarations, government tenders, and healthcare backward integration
*this image is generated using AI for illustrative purposes only.
Apollo Ingredients board meeting on September 22, 2026, concluded with the appointment of a new Company Secretary and Compliance Officer, alongside the approval of eight revised governance policies. The session also addressed strategic initiatives in sustainability and healthcare integration.
The Board accepted the resignation of Ayushi Agrawal as Company Secretary and Compliance Officer, effective October 1, 2026, citing personal reasons. To fill the vacancy, the Board approved the appointment of Palak Jain Kothari (ACS No. A81711) to the same role, effective from the same date. Kothari is a qualified Company Secretary and Associate Member of the Institute of Company Secretaries of India. The appointment was made on the recommendation of the Nomination and Remuneration Committee. She is not related to any of the Directors of the Company and holds no directorships in other listed entities.
Governance and Policy Revisions
The Board considered, reviewed, revised, and approved several key policies to align with regulatory standards. These revisions are effective from the date of approval and will be available on the company's website.
- Terms and Conditions of Appointment of Independent Directors
- Code of Conduct for Board of Directors and Senior Management Personnel
- Whistle Blower Policy / Vigil Mechanism
- Criteria for Making Payments to Non-Executive Directors
- Policy on Materiality of Related Party Transactions
- Policy for Determining Material Subsidiaries
- Familiarisation Programme for Independent Directors
- Policy for Determination of Materiality of Events or Information
Strategic Agenda Outcomes
The meeting, held at the registered office in Vasai, Maharashtra, from 4:00 pm to 7:00 pm, focused on three primary strategic matters previously identified:
- Environmental Product Declarations (EPDs): The Board evaluated the implementation of EPDs across the value chain to enhance sustainability credentials and market competitiveness.
- Government Contracts: Directors explored prospects for participating in government tenders to identify new business opportunities.
- Healthcare Diversification: The Board discussed opportunities for backward integration within the healthcare industry to strengthen business capabilities.
Regulatory Context
The outcome was disclosed pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Managing Director Kirit Ghanshyam Mutreja. The company maintains manufacturing units in Shrirampur MIDC, Ahmednagar, alongside its registered office in Thane, Palghar.
Historical Stock Returns for Apollo Ingredients
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | -1.99% | +12.12% | +234.50% | 0.0% | +1,900.70% |
How might the implementation of Environmental Product Declarations across Apollo Ingredients' value chain impact its eligibility for upcoming government tenders?
What specific backward integration targets in the healthcare sector is the company prioritizing to diversify beyond its core soy protein business?
Will the revised Whistle Blower and Related Party Transaction policies lead to observable changes in the company's corporate governance ratings or investor confidence?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
