Approval of borrowing through the issue of Non- Convertible Debentures (NCDs) on a private placement basis.
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Awaiting price reaction for this filing.
Apollo Finvest India's board, meeting on August 7, 2025, approved three key items: (1) Q1 FY26 unaudited results for the quarter ended June 30, 2025, (2) the 39th AGM notice for September 18, 2025 (via video conferencing), and (3) borrowing of 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. Q1 FY26 performance was mixed: total revenue from operations fell about 29.5% YoY to Rs 521.11 lakhs (from Rs 739.52 lakhs), dragged down by sharp drops in interest income and fee/commission income, though a jump in 'other income' to Rs 199.35 lakhs helped cushion the topline. Profit after tax dipped slightly to Rs 231.02 lakhs (from Rs 235.23 lakhs) and EPS stood at Rs 6.19. The statutory auditor (GMJ & Co) issued an unmodified limited review conclusion, with no qualifications or emphasis of matter.
The Rs 100 crore NCD issuance is material — the proposed debt is sizable relative to the company's equity base (other equity of ~Rs 63.6 crore) and will raise leverage, which investors should monitor for interest coverage and capital allocation. The sharp YoY decline in core fee and interest income is a red flag on revenue quality, even as one-off 'other income' propped up bottom-line numbers.