Financial Results for the year ended 31st March 2026
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Apollo Ingredients Ltd reported audited financial results for Q4 and FY ended 31 March 2026. Total revenue grew 63% year-over-year to Rs. 503.20 lakhs from Rs. 308.20 lakhs in the previous year. The Board approved results, appointed Mr. Amol Dinkar Nigudkar as Independent Director, and changed designations of Ms. Lovely Mutreja (now Marketing Director) and Mr. Kirit Mutreja (now Managing Director) with monthly remuneration of Rs. 31.82 lakhs approved. Statutory auditors DMKH & Co issued a clean audit opinion but raised two Emphasis of Matter points: (1) the company failed to maintain audit trail (edit log) in its accounting software as required under Companies Act rules, and (2) the company name change is not yet updated on the BSE portal despite shareholder approval. The company also raised funds via Right Issue during the year.
Strong 63% revenue growth and a clean audit opinion are positive for shareholders. However, the auditor's Emphasis of Matter on audit trail compliance and delayed BSE portal update may raise governance red flags for investors.