Pursuant to Regulation 30 read with para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, We hereby inform that the Hon''ble Securities Appellate Tribunal, Mumbai (SAT), ....
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Apollo Ingredients Ltd (formerly Indsoya Limited) had filed an appeal with the Securities Appellate Tribunal (SAT), Mumbai, challenging a BSE Limited communication dated November 1, 2025, which rejected the company's application for a waiver of fines imposed by the Exchange. After hearing both parties, the SAT permitted the company to withdraw the appeal and dismissed it as withdrawn on May 7, 2026. As a result, BSE Limited has been permitted to collect Rs. 2,06,000/- along with accrued interest from the amount the company had deposited in an interest-bearing account pursuant to an earlier interim order. The company stated it has no objection to this collection. All pending interlocutory applications stand disposed of.
The company loses its challenge against the BSE-imposed fines and must pay Rs. 2,06,000 plus interest. The impact is limited to this amount, with no material effect on operations or financial position.