To consider and take on record the restated financial statements of the Company till 31st March, 2025, for the purpose of right issue, which are attached herewith.
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Awaiting price reaction for this filing.
Apollo Ingredients Ltd has informed the exchanges that the Board will consider and take on record the restated financial statements of the company up to 31st March 2025. These restated financials are being prepared specifically for the purpose of a rights issue. The restated accounts are attached with the filing. No pricing, size, or timeline details of the rights issue have been disclosed yet.
This signals that a rights issue is in the pipeline, which could lead to dilution for existing shareholders once terms are announced. Investors should watch for further updates on the issue size, price, and record date.