Apollo Ingredients Limited (formerly known as Indsoya Limited) has released its audited standalone financial results for the quarter and year ended 31st March, 2026, approved at a Board of Directors meeting held on 15th May, 2026. The company also issued a revised outcome of the Board meeting to correct a clerical error, wherein the face value of equity shares was incorrectly stated as ₹10 per share; the correct face value is ₹5 per share. The company clarified that this correction is purely clerical in nature and does not impact the financial performance or other disclosures. In compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Apollo Ingredients published newspaper advertisements of its standalone audited financial results in Active Times and Mumbai Lakshdeep on 17th May, 2026. The filing was submitted to BSE Limited by CS Ayushi Agrawal, Company Secretary and Compliance Officer (Membership No.: A54489).

Financial Performance

Apollo Ingredients reported total revenue of ₹503.20 lacs for the year ended 31st March, 2026, compared to ₹308.20 lacs in the previous year. Net profit after tax stood at ₹70.85 lacs for the full year, a significant improvement from ₹9.76 lacs in the prior year. For the quarter ended 31st March, 2026, total revenue was ₹107.22 lacs and net profit after tax was ₹6.52 lacs.

The following table presents the key financial highlights for the quarter and year ended 31st March, 2026 (₹ in Lacs):

Balance Sheet Highlights

As at 31st March, 2026, total assets stood at ₹722.02 lacs compared to ₹167.51 lacs in the previous year. Total equity increased to ₹698.71 lacs from ₹127.85 lacs, driven by an increase in paid-up equity share capital to ₹520.00 lacs from ₹20.00 lacs. Cash and cash equivalents rose to ₹364.59 lacs from ₹155.73 lacs. The key balance sheet figures are summarised below (₹ in Lacs):

Cash Flow Summary

For the year ended 31st March, 2026, net cash inflow from operating activities was ₹8.88 lacs, compared to a net outflow of ₹12.13 lacs in the prior year. Cash used in investing activities was ₹300.03 lacs, primarily on account of purchase/sale of investments. Financing activities generated ₹500.00 lacs, reflecting an increase in share capital. The net increase in cash and cash equivalents for the year was ₹208.85 lacs, with the closing balance at ₹364.58 lacs.

Board Changes and Governance

At the same Board meeting, several governance changes were approved. Mr. James Mody (DIN: 08072328) resigned as Non-Executive Director effective 15th May, 2026, citing personal reasons. He had joined the Board on 9th August, 2024, and is the husband of Ms. Lovely Ghanshyam Mutreja. Mr. Amol Dinkar Nigudkar (DIN: 11720265) was appointed as an Additional Director in the category of Independent Director. He holds a Bachelor of Commerce degree and brings experience in business administration and commercial operations.

In a strategic realignment, Ms. Lovely Ghanshyam Mutreja (DIN: 03307922) was redesignated from Managing Director to Executive Director (Marketing Director), with commission not exceeding 2% of sales in lieu of salary. Mr. Kirit Ghanshyam Mutreja (DIN: 07514391) was elevated from Executive Director to Managing Director, with approved remuneration of ₹1,82,325/- per month. The Board also approved the re-appointment of Mr. Vivek Bharat Variya as Internal Auditor for the financial year 2026-27, and the shifting of the registered office within the local limits of the city under the same Registrar of Companies jurisdiction. BSE Limited's approval for the change in the company's name was also noted.

Auditor's Report

Statutory auditors M/s DMKH & Co (FRN 116886W), Chartered Accountants, issued an unmodified (unqualified) audit opinion on the standalone financial statements for the year ended 31st March, 2026. The auditors highlighted two emphasis of matter points: first, the company did not maintain an audit trail (edit log) in its accounting software for the year ended 31st March, 2026, as required under Rule 3(1) of the Companies (Accounts) Rules, 2014; second, the updation of the company's revised name on the BSE Limited portal remained pending as at 31st March, 2026, though management has represented the matter is procedural and does not expect any material financial impact. The auditors also confirmed that the company's internal financial controls over financial reporting were adequate and operating effectively as at 31st March, 2026. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Apollo Ingredients Limited (formerly known as Indsoya Limited) has submitted a regulatory disclosure to BSE Limited confirming that it does not qualify as a 'Large Corporate' under SEBI's debt securities framework. The disclosure, dated April 29, 2026, addresses the non-applicability of specific SEBI circulars governing fund raising through debt securities by large entities.

Regulatory Framework Details

The company's disclosure references multiple SEBI circulars that establish the Large Corporate framework for debt securities issuance. These include SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and its amendment SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2023/172 dated October 19, 2023. Additional referenced circulars include the SEBI Operational Circular dated August 10, 2021, and SEBI Circular dated April 13, 2022.

Company Financial Position

The disclosure reveals key financial information about Apollo Ingredients Limited's current borrowing status:

Corporate Information

Apollo Ingredients Limited operates under CIN L67120MH1980PLC023332 and was formerly known as Indsoya Limited. The company's disclosure confirms that it does not meet the applicability criteria established under the SEBI Large Corporate framework, which governs how large entities must raise funds through debt securities.

Compliance and Authorization

The regulatory filing was authorized by two key executives of the company. Company Secretary and Compliance Officer Ayushi Agrawal and Chief Financial Officer Lalita Ghanshyam Mutreja both digitally signed the disclosure on April 29, 2026. The document was submitted to BSE Limited's Listing Department as part of the company's ongoing regulatory compliance obligations.

This disclosure ensures transparency regarding the company's status under SEBI's debt securities framework and confirms that Apollo Ingredients Limited is not subject to the specific requirements applicable to entities classified as Large Corporates under the regulatory framework.