Approval for borrowings through the issue of Non - Convertible Debentures (NCDs) on private placement basis.
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Apollo Finvest India's board, meeting on August 7, 2025, approved borrowing up to Rs. 100 crore through Non-Convertible Debentures (NCDs) on a private placement basis, to be issued in one or more tranches with a 3-year redemption period and early redemption option. The coupon rate will be decided at the time of each issue, and the NCDs will not be listed. The board also approved unaudited Q1 FY26 results showing total income of Rs. 720.46 lakhs (down from Rs. 741.22 lakhs in Q1 FY25) and profit after tax of Rs. 231.02 lakhs (vs Rs. 235.23 lakhs), with EPS at Rs. 6.19. The 39th AGM was scheduled for September 18, 2025 via video conferencing.
The Rs. 100 crore NCD raise signals the company is looking to expand its lending book or refinance existing debt, which could support future growth in interest income. Q1 results were largely flat year-on-year, so the borrowing move is the main catalyst for shareholders to watch; terms (coupon, security) are not yet disclosed, leaving some uncertainty on cost impact.