In order to avoid any inconsistency in disclosures during capital raising process, the company considered it appropriate to defer re-submission of the name change application until completion ....
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.8 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BSE issued a warning letter to the company on May 7, 2026 regarding significant delay in filing the name change application (from Indsoya Ltd to Apollo Ingredients Limited). The company received ROC approval for the name change on November 23, 2023, but delayed filing with BSE. The company explained that the delay occurred because it was undergoing a Right Issue process (completed in August 2025) and did not want inconsistencies in disclosures during capital raising. The company is in non-compliance with SEBI LODR Regulation 45(3), which BSE stated would be reported to SEBI. The company has now submitted the application with all required documents and requested condonation of the delay.
This indicates a compliance lapse that could invite regulatory action from SEBI. While the company attributes the delay to the Right Issue process, the non-compliance has been flagged for SEBI reporting. Shareholders should monitor for any penalties or regulatory notices from SEBI.