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.

Indsoya Limited has taken a significant step towards ensuring transparency and accountability in its ongoing Rights Issue. The company's Right Issue Committee has approved the voluntary appointment of a SEBI-registered Credit Rating Agency as the Monitoring Agency to oversee the utilization of funds raised through the Rights Issue.

Key Developments

• Voluntary Appointment: The Right Issue Committee has approved the appointment of a SEBI-registered Credit Rating Agency as the Monitoring Agency.
• Fund Utilization Control: The committee has resolved that no Rights Issue proceeds will be utilized until the Monitoring Agency is formally appointed.
• Regular Reporting: The appointed agency will submit quarterly and event-based monitoring reports to BSE Limited and other applicable regulatory authorities.
• Internal Oversight: The Audit Committee and Board of Directors will review these reports until the full deployment of the raised capital.
• Director Authorization: All directors have been authorized to take necessary actions for the agency's appointment and obtain required regulatory approvals.

Enhanced Transparency Measures

The decision to appoint a Monitoring Agency voluntarily demonstrates Indsoya's commitment to maintaining high standards of corporate governance and transparency. This move is expected to provide additional assurance to investors regarding the proper utilization of funds raised through the Rights Issue.

Committee Meeting Details

According to the LODR data, the Right Issue Committee meeting was held on August 11. The meeting commenced at 5:30 PM and concluded at 7:30 PM. The committee's decisions align with the SEBI (ICDR) Regulations, 2018, ensuring compliance with regulatory standards.

Company Background

Indsoya Limited, formerly known as Apollo Ingredients Limited, is headquartered at Mittal Enclave Bldg- 6 Awing A-1 Gr. Flr. Juchandra, Thane, Vasai, Maharashtra. The company's CIN is L67120MH1980PLC023332.

This proactive approach by Indsoya Limited is likely to be viewed positively by investors and regulatory bodies alike, as it reinforces the company's dedication to responsible fund management and shareholder interests.