BSEApollo Ingredients LtdMediumNeutral
Announced Sat, 16 May · 22:39 IST

Revised outcome

Board & Shareholder Meetings View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹48.38
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.0+6.1+8.2+10.3+12.5+17.1+37.1+57.4+138.2
Up moveDown movePending
AI summary

Apollo Ingredients Limited (formerly Indsoya Limited) submitted a revised outcome of its Board Meeting held on 15th May, 2026 to correct a clerical error where the face value of equity shares was incorrectly stated as ₹10 instead of the correct ₹5. The company also approved audited financial results for Q4 and FY2026. Key board changes include resignation of James Mody as non-executive director, appointment of Amol Dinkar Nigudkar as Independent Director, and redesignation of Lovely Mutreja from Managing Director to Executive Director (Marketing Director) while Kirit Mutreja was elevated to Managing Director with monthly remuneration of ₹31,82,325. The auditors flagged that the company has not maintained an audit trail in its accounting software as required under Rule 3(1) of Companies (Accounts) Rules, 2014. The BSE name change approval has been received but portal updation is still pending.

Likely market impact

The correction is clerical in nature with no financial impact. The auditor's flag on missing audit trail and incomplete BSE portal updation are compliance concerns that investors should monitor. Leadership restructuring with family members assuming key roles may require closer scrutiny.