Indsoya Limited, now known as Apollo Ingredients Limited, has taken a significant step towards ensuring transparency and regulatory compliance for its upcoming rights issue. The company has appointed Infomerics Valuation and Rating Limited as the monitoring agency to oversee the utilization of funds raised through the rights issue.

Appointment Details

The appointment of Infomerics is in line with the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. This move demonstrates Apollo Ingredients' commitment to maintaining high standards of corporate governance and transparency in its financial operations.

About Infomerics

Infomerics Valuation and Rating Limited is a well-established entity in the financial sector:

• SEBI Registration: IN/CRA/00722015 (Perpetual validity)
• Corporate Address: Office No-1102, 1103, 1104 B- Wing, Kanakia Wall Street, off, Andheri- Kurla Rd. Andheri East. Mumbai, Maharashtra-400093
• Website: https://www.infomerics.com/

Consent and Documentation

Infomerics has provided its consent to act as the monitoring agency for Apollo Ingredients Limited's rights issue. The consent letter authorizes the inclusion of Infomerics' name in the following documents:

1. Draft Letter of Offer (DLoF)
2. Letter of Offer (LoF)
3. Other issue-related documents

These documents will be filed with:

• Stock exchanges (BSE and NSE) with nationwide trading terminals
• Registrar of Companies, Mumbai (RoC)
• Securities and Exchange Board of India (SEBI)
• Other relevant regulatory authorities

Regulatory Compliance

The appointment of a monitoring agency is a crucial step in the rights issue process, ensuring that the funds raised are utilized in accordance with the stated objectives. This compliance measure aligns with Section 62 and other applicable provisions of the Companies Act, 2013.

Timeline

Apollo Ingredients Limited, trading under the scrip code 503639 on the BSE, has promptly submitted the consent letter to the stock exchange, demonstrating its commitment to keeping shareholders and regulatory bodies informed about the progress of its rights issue.

This appointment marks an important milestone in Apollo Ingredients Limited's capital raising efforts, providing assurance to investors about the proper utilization of funds and adherence to regulatory standards throughout the rights issue process.

Indsoya (formerly known as Apollo Ingredients Limited) has reported a significant increase in net loss for the first quarter of the fiscal year 2026, according to the company's latest financial results.

Financial Performance

The company reported a net loss of Rs 10.80 lakhs for the quarter, a substantial increase from the Rs 0.15 lakhs loss recorded in the same quarter of the previous year. This represents a year-over-year decline in profitability.

Despite the increased loss, Indsoya saw a rise in total revenue, which grew to Rs 56.59 lakhs from Rs 50.06 lakhs in the corresponding quarter last year. The company's income from operations also showed improvement, increasing to Rs 56.26 lakhs from Rs 50.00 lakhs year-over-year.

Expense Analysis

A major factor contributing to the widened loss was a significant increase in total expenses. The company's expenses climbed to Rs 67.40 lakhs, up from Rs 50.21 lakhs in the same period last year. This surge was primarily driven by changes in inventories of finished goods, which stood at Rs 62.23 lakhs.

Key Financial Metrics

The following table summarizes the key financial metrics for Indsoya for Q1 FY2026:

Board Approval and Audit Review

The Board of Directors of Indsoya approved these unaudited financial results on August 12, 2025. The results were accompanied by a Limited Review Report from the company's statutory auditors, DMKH & Co.

Rights Issue Update

In a separate announcement, the company's Right Issue Committee approved the allotment of 1,00,00,000 Rights Equity Shares at an issue price of Rs 5.00 per share. This decision was made following the finalization of the Basis of allotment, as approved by the BSE Limited on August 12, 2025.

Indsoya continues to face challenges in maintaining profitability, as evidenced by the increased losses in the first quarter. However, the growth in revenue and the recent rights issue may provide the company with additional resources to address these challenges in the coming quarters.