Gujarat Apollo Industries Limited has announced its 38th Annual General Meeting (AGM) to be held on Tuesday, September 30, 2025, at 11:00 AM at the company's registered office. The company has also made key proposals for shareholder approval at the upcoming AGM.

Board Proposes Commission for Non-Executive Director

The Board of Directors has proposed to approve payment of commission to Mr. Anand A. Patel, a Non-Executive Director of the company. Subject to shareholder approval, Mr. Patel would receive a commission not exceeding 2.00% of the company's net profits for each financial year, for a period of three consecutive financial years starting from FY 2025-26. This commission would be in addition to the sitting fees payable for attending board and committee meetings.

Re-appointment of Independent Director

The Board has also proposed the re-appointment of Mrs. Jheel Ajay Shah as an Independent Director for a second term of five consecutive years. If approved by shareholders, Mrs. Shah's new term would run from September 28, 2025, to September 27, 2030. Mrs. Shah brings valuable experience in education, mentoring, training, and advisory services, and has connections with various educational institutions.

E-voting and Record Date

The company has set Tuesday, September 23, 2025, as the record date for determining shareholder eligibility to vote at the AGM and receive dividends, if declared. Remote e-voting will be available from September 27, 2025 (9:00 AM) to September 29, 2025 (5:00 PM). Shareholders who have not cast their votes electronically can vote through ballot papers at the AGM.

Annual Report Availability

The annual report and AGM notice have been sent to shareholders and are also available on the company's website, as well as on the websites of BSE Limited, National Stock Exchange of India Limited, and Central Depository Services (India) Limited.

Shareholders are encouraged to participate in the voting process and attend the AGM to stay informed about the company's performance and future plans.

Gujarat Apollo Industries Limited has released its financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations. The company has also announced significant expansion plans into new product lines.

Standalone Performance

On a standalone basis, Gujarat Apollo Industries reported a profit after tax of ₹9.77 lakhs for Q1, compared to ₹69.50 lakhs in the same quarter last year. The company's revenue from operations saw a substantial decline, dropping to ₹662.35 lakhs from ₹1,436.46 lakhs year-on-year.

Consolidated Results

The consolidated financial results paint a different picture. Gujarat Apollo Industries' consolidated profit after tax stood at ₹128.50 lakhs, down from ₹423.24 lakhs in the previous year's quarter. However, the consolidated revenue from operations showed an increase, rising to ₹1,108.06 lakhs from ₹853.47 lakhs in the corresponding period.

Key Financial Highlights (Consolidated)

Expansion into New Product Lines

In a strategic move, Gujarat Apollo Industries has announced its expansion into two new product lines:

1. Road Construction Equipment: The company plans to invest approximately ₹50 crores over three years in this segment. The product range will include Asphalt mixing Plants, Paver Finishers, Bitumen Sprayers, Kerb Laying Machines, and other equipment used in road construction.

2. Material Handling Equipment: The company will venture into the manufacturing and sales of Pick and Carry Cranes, with an estimated investment of ₹15 crores over two years.

These expansions are expected to diversify the company's product portfolio and potentially boost its revenue streams in the coming years.

Annual General Meeting and Dividend

The Board of Directors has approved the 38th Annual General Meeting (AGM) to be held on September 30. The record date for dividend payment has been set as September 23.

Company Overview

Gujarat Apollo Industries Limited continues to operate primarily in the manufacturing and sale of Construction and Mining Machineries and spare parts. The new product lines are expected to complement its existing operations and potentially open up new market opportunities for the company.