Please fnd enclose herewith the statement of deviation/variation in the utilisation of funds for the quarter ended 30th September, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apollo Ingredients Limited (formerly Indsoya Limited) has filed a quarterly statement under SEBI Regulation 32 confirming no deviation or variation in the use of funds raised through a Rights Issue. The company raised Rs. 500 lakhs on 12 August 2025, earmarked for working capital (Rs. 365 lakhs), general corporate purposes (Rs. 105 lakhs), and issue-related expenses (Rs. 30 lakhs). Infomerics Valuation and Rating Limited is acting as the monitoring agency. As of 30 September 2025, the company has not utilised any portion of the Rs. 500 lakhs raised, though it reports this as compliant with the original stated objectives (i.e., no deviation).
While the filing confirms no deviation, shareholders should note that the entire Rs. 500 lakh Rights Issue proceeds remain undeployed nearly two months after being raised. Investors may want clarity on the timeline for utilisation and whether the delay reflects operational priorities or slower-than-expected execution of the stated plans.