ALPHA TRIBE

Indsoya LtdDividend/Bonus, 06-03-2026: Corp. Action

06-03-2026 | 04:20 pm

Apollo Ingredients Limited has announced an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for reallocating funds from its Rights Issue. The company utilized ₹3.00 Crore, initially for working capital, towards a 10-year lease payment for land and building from a related party, a deviation from the original issue objects. Additionally, it proposes to reallocate ₹0.02 Crore from unutilized issue expenses to working capital. The Board considers these changes vital for business continuity and operational stability, requiring shareholder ratification for the utilized amount and approval for the reallocation.

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