Change of Internal Auditor of the Company
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Apollo Finvest's board, at its November 7, 2025 meeting, accepted the resignation of Mr. Sandeep Bandgar as Internal Auditor (citing personal reasons) and appointed Mr. Amey Chaubal, a Chartered Accountant, as the new Internal Auditor for FY 2025-26. Alongside this, the board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Total income for H1 FY26 stood at ₹1,117.23 lakhs, down from ₹1,552.12 lakhs in H1 FY25, while profit after tax fell to ₹405.34 lakhs from ₹476.04 lakhs. Q2 FY26 PAT came in at ₹174.34 lakhs versus ₹240.80 lakhs a year earlier, with EPS of ₹4.67 for the quarter. The statutory auditor GMJ & Co. issued an unmodified limited review report.
The internal auditor change is a routine governance matter, though the abrupt personal-reason exit of the previous auditor is worth noting. The financial results show a clear year-on-year decline in both revenue and profits, which may concern shareholders looking for growth in this NBFC.