Apollo Techno Industries has scheduled its 10th Annual General Meeting for Wednesday, September 30, 2026, at 11:00 am, and has made its Annual Report for FY 2025-26 available on its website.

The AGM will be held at Survey No. 60, Ahmedabad-Mehsana Highway, Mandali, Dist. Mahesana, Gujarat, India, 384455. In compliance with Regulation 36(1) of the SEBI Listing Regulations, electronic copies of the AGM notice and the Annual Report for FY 2025-26 have been sent via email to shareholders whose email addresses are registered with the Company, its Registrar and Transfer Agent, or Depository Participants.

Annual Report access and shareholder communication

For shareholders whose email addresses are not registered, the Company has issued a communication under Regulation 36(1)(b) of the SEBI Listing Regulations, informing them that the Annual Report for FY 2025-26 is accessible on the Company's website. The report is also available on the website of BSE Limited and on the portal of MUFG Intime India Private Limited, the Company's Registrar and Transfer Agent.

Shareholders holding shares in dematerialised mode are requested to register or update their email addresses with their respective Depository Participants. Alternatively, shareholders may register their email addresses directly with MUFG Intime India Private Limited.

Key AGM and e-voting schedule

The following table outlines the key dates and details for the AGM and the e-voting process:

Only equity shareholders whose names are recorded in the Register of Members or the Register of Beneficial Owners maintained by the Registrar and Transfer Agent or Depositories as on the cut-off date of September 18, 2026, shall be entitled to avail the e-voting facility and attend the AGM. The intimation was filed with Bombay Stock Exchange Limited on September 8, 2026, and signed by Managing Director Parth Rashmikant Patel (DIN: 07131930). The compliance filing was also submitted to National Securities Depository Limited, Central Depository Services (India) Limited, and MUFG Intime India Private Limited.

Apollo Techno Industries reported a 52.82% decline in standalone net profit to ₹532.18 lakh for the financial year ended March 31, 2026 (FY26), compared to ₹1,128.20 lakh in FY25. Despite the drop in profitability, income from operations rose 4.52% to ₹10,362.58 lakh, reflecting steady top-line growth amid rising operational costs.

The Mehsana-based manufacturer of horizontal and vertical drill rigs completed its initial public offering (IPO) during the year, listing on the BSE SME platform on December 31, 2025. The fresh issue of 36.89 lakh equity shares at a premium of ₹120 per share raised significant capital, substantially strengthening the company's balance sheet.

Financial Performance

Standalone total expenses increased to ₹9,933.60 lakh from ₹8,490.09 lakh in the previous year, outpacing revenue growth and compressing margins. Profit before tax fell sharply by 63.95% to ₹538.63 lakh. Tax expenses dropped significantly to ₹6.45 lakh from ₹366.31 lakh in FY25.

On a consolidated basis, including its wholly-owned subsidiary Apollo Techno Equipments Limited, the group reported a net profit of ₹1,104.42 lakh, down from ₹1,373.45 lakh in FY25. Consolidated revenue from operations grew to ₹11,038.10 lakh from ₹9,914.09 lakh.

Capital Raise and Balance Sheet

The IPO proceeds resulted in a substantial increase in paid-up capital, which rose to ₹13.69 crore from ₹10 crore. Security premium reserves surged to ₹3,829.36 lakh due to the share issue. The company did not declare any dividend for FY26, opting to preserve resources for business growth.

Total borrowings decreased to ₹2,424.30 lakh from ₹3,049.42 lakh in FY25, indicating a deleveraging trend supported by the equity raise. Current assets stood at ₹9,175.59 lakh, driven by higher inventory levels of ₹5,159.28 lakh and trade receivables of ₹2,705.08 lakh.

What the Numbers Show

While standalone profitability contracted sharply, the consolidated figures reveal a more resilient operational picture, with the subsidiary contributing significantly to the bottom line. The drastic reduction in standalone tax expenses—from ₹366.31 lakh to just ₹6.45 lakh—suggests a change in taxable income structure or utilization of earlier losses, rather than purely operational inefficiency driving the profit decline. Additionally, the shift in geographic sales mix is notable: domestic sales grew to ₹10,122.90 lakh (97.7% of total), while export sales contracted to ₹239.68 lakh, down from ₹2,426.48 lakh in FY25.