Appointment of Secretarial Auditor
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Apollo Finvest India's Board met on May 23, 2025 and approved three items. First, audited financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion. Second, appointment of M/s. SGGS & Associates as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the AGM. Third, re-appointment of Mr. Sandeep Bandgar as Internal Auditor for FY 2025-26. Key financials for FY25: total revenue from operations rose sharply to ₹3,026.23 lakhs from ₹1,996.73 lakhs in FY24, driven mainly by higher interest income (₹2,116.76 lakhs vs ₹610.50 lakhs). However, profit after tax dipped to ₹721.57 lakhs from ₹801.06 lakhs, and EPS fell to ₹19.34 from ₹21.47, largely due to higher finance costs and fee expenses linked to business expansion. Total assets grew to ₹10,724.29 lakhs (from ₹7,295.13 lakhs), supported by new borrowings of ₹2,726.39 lakhs and issuance of unlisted, unsecured non-convertible debentures of ₹1,500 lakhs during the year.
Routine corporate governance update with no negative signals. Revenue growth is strong but bottom-line dipped slightly on higher costs. The new borrowings and NCD issuance suggest business scaling, which shareholders should watch for asset quality and provisioning trends.