AGM Details

The 40th Annual General Meeting of Apollo Finvest (India) Limited is scheduled to be held on Thursday, September 17, 2026, at 11:30 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Ordinary Businesses

1. Adoption of Audited Financial Statements: To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. Re-appointment of Director: To consider the appointment of Mr. Mikhil Innani (DIN: 02710749), who retires by rotation and being eligible, offers himself for re-appointment. Mr. Innani currently holds 791,864 shares (21.21% holding) in the company.

Special Businesses

3. Approval for Borrowings through Issue of Non-Convertible Debentures: Special Resolution to authorize issuance of secured/unsecured/listed/unlisted Non-Convertible Debentures (NCDs) including subordinated Debentures qualifying as Tier-II debt up to ₹100 Crores (Rupees One Hundred Crores only) during the period of twelve months from the date of passing of this resolution.

  • The NCDs will be issued on private placement basis in one or more tranches
  • Aggregate limit of funds raised shall not exceed the overall borrowing limits of ₹500 Crores approved by members on September 26, 2019
  • As of the notice date, aggregate outstanding borrowings stood at ₹15 Crores
  • Authorization includes creation of charges/mortgages/hypothecations on company properties to secure the debentures
  • Mr. Mikhil Innani and Ms. Diksha Nangia authorized to execute related documents

4. Material Related Party Transaction: Special Resolution to approve material related party transaction with Directors and Promoters of the Company for availing an unsecured loan aggregating to ₹40 Crore.

  • Transaction details: Unsecured loan from Directors/Promoters at interest rates varying from 10.25% to 14% (arm's length basis)
  • Tenure: At least 12 months
  • Value: ₹40 Crore (193.24% of company's immediately preceding financial year standalone turnover)
  • Related parties: Mikhil Ramesh Innani (Managing Director & CEO/Promoter), Diksha Nangia (Whole Time Director & CFO/Promoter), Anju Ramesh Innani (Promoter)
  • Purpose: To maintain sufficient working capital to sustain lending operations
  • Funds source: Directors/Promoter shall lend from their owned funds, not borrowed funds

5. Appointment of Secretarial Auditor: Ordinary Resolution to appoint M/s. Pranay D. Vaidya & Co. (Membership number: A40530, Certificate of Practice number: 24339) as Secretarial Auditor for five financial years from FY 2026-27 to FY 2030-31 at remuneration to be determined by the Board.

Procedural Information

  • Cut-off date for determining members entitled to vote: Thursday, September 10, 2026
  • Remote e-voting period: Monday, September 14, 2026 (9:00 AM IST) to Wednesday, September 16, 2026 (5:00 PM IST)
  • Scrutinizer appointed: Mr. Pranay Vaidya (M/s. Pranay D. Vaidya and Co.)
  • Documents available on company website (www.apollofinvest.com), BSE website (www.bseindia.com), and CDSL website (www.evotingindia.com)
  • Registrar & Transfer Agent: MUFG Intime India Private Limited
  • All securities will be issued only in dematerialized form for various investor service requests

Director Details (Mr. Mikhil Innani)

  • DIN: 02710749
  • Date of Birth: November 3, 1988 (Age: 37 years)
  • Date of first appointment: July 24, 2018
  • Qualification: Post Graduation in Computer Science
  • Experience: More than 10 years
  • Board meetings attended in FY 2025-26: 7 out of 7
  • Remuneration: ₹60,00,000 (last drawn)
  • Relationship: Wife - Ms. Diksha Nangia, Whole Time Director & CFO