Dear Members,
Apollo Techno Industries Limited
(formerly known as Apollotechno Industries Private Limited)
Your directors are pleased to present the 09th Annual Report
of the business and operations of your Company accompanied with Audited Financial
Statements for the Financial Year ended on March 31,2025. The standalone &
consolidated performance of the Company has been considered whenever required.
FINANCIAL PERFORMANCE:
Key aspects of Company’s financial performance for the financial
year 2024-25 is tabulated below
(Amount in Thousand)
Particulars |
STANDALONE |
CONSOLIDATED |
| 2024-25 |
2023-24 |
2024-25 |
2023-24 |
Total Revenue including Other
Income |
996605 |
719557 |
996622 |
692818 |
Total Expenditure |
849009 |
670365 |
848690 |
647975 |
Profit/(Loss) Before Taxation |
149451 |
49630 |
149978 |
43986 |
Exceptional Item |
(1854) |
(438) |
(2045) |
856 |
Tax Expense |
36631 |
11640 |
12632 |
11640 |
Net Profit/(Loss) after Tax for
the year |
112820 |
37990 |
137345 |
32347 |
Basic Earnings per Equity Share |
11.25 |
3.80 |
13.70 |
13.30 |
Diluted Earnings per Equity Share |
11.25 |
3.80 |
13.70 |
13.30 |
OPERATIONS REVIEW: (Amount in Thousand)
(A) STANDALONE RESULTS
The Company’s total income from operations including other income
during the financial year ended on 31st March, 2025 was at Rs.996605/- as against Rs.
716565/- of the previous year. The Company has made Net Profit, after providing
depreciation, provision of tax and other adjustments for the year under review, amounted
to Rs.112820/- as against Rs. 37990/- of the previous year.
(B) CONSOLIDATED RESULTS
During the year under review, the Company’s consolidated total
income from operations including other income was Rs.996622/- as against Rs. 692818/- of
previous year. Company has made Net profit, after providing depreciation, provision of tax
and other adjustments for the financial year ended March 31, 2025, which amounted to
Rs.137345/- as against net profit of Rs. 32587/- of previous year
CHANGE IN THE NATURE OF BUSINESS
There has been no change in the nature of business of the Company
DIVIDEND:
No dividend has been recommended in respect of the financial year ended
31st March, 2025 and the entire surplus be ploughed back to the business to meet the needs
for additional finance for capital expenditure
THE AMOUNTS THAT THE COMPANY PROPOSES TO CARRY TO ANY RESERVES IF ANY
Your directors do not propose to transfer any amount to reserve during
the Financial Year 2024-25.
SUBSIDIARY. JOINT VENTURE (JV) AND ASSOCIATE COMPANIES
Your Company has one subsidiary across the globe. There are no
associate companies or joint venture companies within the meaning of Section 2(6) of the
Companies Act, 2013 ("Act").
Name of Subsidiary |
Percentage |
APOLLO TECHNO EQUIPMENTS
LIMITED |
100% |
The financial highlights of Subsidiary Company are part of this Annual
Report as Annexure-I as prescribed in Form AOC-1.
PUBLIC DEPOSIT:
Your Company has not accepted any deposits from the public within the
meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of
Deposits) Rules, 2014.
DIRECTORS:
The Board of Directors of the Company is duly constituted.
All the directors of the Company have confirmed that they satisfy the
fit and proper criteria as prescribed under the applicable regulations and that they are
not disqualified from being appointed as directors in terms of Section 164(2) of the
Companies Act, 2013:
Pursuant to Section 152(6) of the Companies Act, 2013, Mrs. Manjulaben
Rashmikantbhai Patel [DIN: 00401377] retires by rotation at the forthcoming Annual General
Meeting and being eligible, she offers herself for reappointment
Mr. Satyam Kumar Rambhai Patel (DIN:05172097) was appointed as an
Independent Director with effect from 02.01.2025 and Mr. Nikhilkumar Mahendrabhai Patel
(DIN:10941953) was appointed as an Independent Director with effect from 07.02.2025
Further, Pursuant to Section 203 of the Companies Act, 2013, the Key
Managerial Personnel of the Company are
| S. No. Name |
Designation |
Date of Appointment |
| 1. Parth Rashmikant Patel |
Managing Director |
26/04/2016 |
| 2. Rashamikant Haribhai Patel |
Whole-Time Director |
01/08/2016 |
| 3. Manjulaben Rashmikantbhai Patel |
Director (Non-executive) |
26/04/2016 |
| 4. Alpeshkumar Kanubhai Parmar |
Company Secretary |
02/01/2025 |
| 5. Maulikkumar Rameshbhai Bhatt |
Chief Financial Officer |
01/02/2025 |
DECLARATION BY INDEPENDENT DIRECTORS
The Company has received declarations from all the Independent
Directors that they meet the criteria of independence as laid down under Section 149(6) of
the Companies Act, 2013.
The Independent Directors are as follows:
| S. No. Name |
Designation |
Date of Appointment |
| 1. Satyam Kumar Rambhai Patel |
Independent Director |
02/01/2025 |
| 2. Nikhilkumar Mahendrabhai Patel |
Independent Director |
07/02/2025 |
COMMITTEES OF THE BOARD
There are Three Committees of the Board which are as follows
• Audit Committee
• Nomination and Remuneration/Compensation Committee
• Stakeholder Relationship Committee
The Composition of Board Committees as on date of this report, is as
follows
Audit Committee
| Name of the Directors |
Position in Committee |
Nature of Directorship |
| Mr. Nikhilkumar Mahendrabhai Patel |
Chairperson |
Independent Director |
| Mr. Satyam Kumar Rambhai Patel |
Member |
Independent Director |
| Mr. Parth Rashmikant Patel |
Member |
Managing Director |
Nomination and Remuneration Committee
| Name of the Directors |
Position in Committee |
Nature of Directorship |
| Mr. Satyam Kumar Rambhai Patel |
Chairperson |
Independent Director |
| Mr. Nikhilkumar Mahendrabhai Patel |
Member |
Independent Director |
| Mrs. Manjulaben Rashmikant Patel |
Member |
Non-Executive Director |
Stakeholders’ relationship committee
| Name of the Directors |
Position in Committee |
Nature of Directorship |
| Mr. Satyam Kumar Rambhai Patel |
Chairperson |
Independent Director |
| Mr. Nikhilkumar Mahendrabhai Patel |
Member |
Independent Director |
| Mr. Parth Rashmikant Patel |
Member |
Managing Director |
CHANGES IN THE CAPITAL STRUCTURE
The Authorized Share Capital and paid-up share capital as on 31 st March
2025 is as under
Particulars |
Amount (Rs.) |
Authorized Share Capital |
|
Share Capital in the beginning of
the year |
2,50,00,000 |
Addition 1,25,00,000 Equity
Shares |
12,50,00,000 |
Share Capital at the end of
the year |
15,00,00,000 |
|
|
Paid-up Share Capital |
|
Share Capital in the beginning
of the year |
2,50,00,000 |
Issued 25,00,000 Equity Bonus
Shares as on 27.04.2024 |
2,50,00,000 |
Issued 50,00,000 Equity Bonus
Shares as on 21.11.2024 |
5,00,00,000 |
Share Capital at the end of
the year |
10,00,00,000 |
AUDITORS:
M/s. Dipal R. Shah & Co., Chartered Accountants of Ahmedabad (FRN:
109566W), has been appointed as the Statutory Auditors of the Company, to hold the office
from the conclusion of the 06th Annual General Meeting (AGM) to the conclusion of the 11th
Annual General Meeting (AGM) by the members of the Company at their Annual General Meeting
held in year 2022, on such remuneration as may be determined by the Board of Directors in
consultation with the Statutory Auditors. The Company had received the consent from the
Auditors and confirmation to the effect that they were not disqualified to be appointed as
the Auditors of the Company in the terms of the provisions of the companies Act, 2013 and
the rules made thereunder.
COST AUDITORS
Your Company is required to maintain cost records as specified under
Section 148 of the Act. Further the company is not required to appoint Cost Auditor as it
does not fall under the preview of Cost Audit as specified under Section 148.
EXPLANATION OR COMMENTS ON QUALIFICATIONS. RESERVATIONS OR ADVERSE
REMARKS OR DISCLAIMERS MADE BY THE AUDITORS
The Statutory Auditors’ Report on the accounts of the Company for
the accounting year ended 31st March, 2025 is self-explanatory and do not call for further
explanations or comments that may be treated as adequate compliance of Section 134 of the
Companies Act, 2013.
REPORTING OF FRAUDS BY AUDITORS
During the year under review, the Statutory Auditors has not reported,
under Sec 143(12) of the Companies Act, 2013, any instances of fraud committed against the
Company by its officers or employees.
INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
Your Company has laid down the set of standards, processes and
structure which enables to implement internal financial control across the Organization
and ensure that the same are adequate and operating effectively.
RISK MANAGEMENT POLICY:
At present the company has not identified any element of risk which may
threaten the existence of the Company. Further the risk management policy can be access on
the website of the company https://apollotechno.com/policies/
NUMBER OF BOARD MEETING CONDUCTED DURING THE YEAR UNDER REVIEW
During the year under review, 18 (Eighteen) Board Meetings were
convened and held. The intervening gap between the Meetings was within the period
prescribed under the Companies Act, 2013 Number of Board Meeting held:
Sr. Date of No Meeting |
Total Number of directors
associated as on the date of meeting |
Attendance |
| Number of directors attended |
% of attendance |
| 1 01/04/2024 |
3 |
3 |
100 |
| 2 24/04/2024 |
3 |
3 |
100 |
| 3 27/04/2024 |
3 |
3 |
100 |
| 4 03/09/2024 |
3 |
3 |
100 |
| 5 30/09/2024 |
3 |
3 |
100 |
| 6 13/11/2024 |
3 |
3 |
100 |
| 7 14/11/2024 |
3 |
3 |
100 |
| 8 18/11/2024 |
3 |
3 |
100 |
| 9 21/11/2024 |
3 |
3 |
100 |
| 10 28/11/2024 |
3 |
3 |
100 |
| 11 19/12/2024 |
3 |
3 |
100 |
| 12 02/01/2025 |
4 |
4 |
100 |
| 13 01/02/2025 |
4 |
4 |
100 |
| 14 16/01/2025 |
4 |
4 |
100 |
| 15 03/02/2025 |
4 |
4 |
100 |
| 16 07/02/2025 |
4 |
4 |
100 |
| 17 05/03/2025 |
5 |
5 |
100 |
| 18 27/03/2025 |
5 |
5 |
100 |
NUMBER OF AUDIT COMMITTEE MEETING CONDUCTED DURING THE YEAR UNDER
REVIEW:
Sr. Date of No Meeting |
Total Number of directors
associated as on the date of meeting |
Attendance |
| Number of directors attended |
% of attendance |
| 1 20/03/2025 |
3 |
3 |
100 |
| 2 27/03/2025 |
3 |
3 |
100 |
NUMBER OF NOMINATION & REMUNERATION COMMITTEE MEETING CONDUCTED
DURING THE YEAR UNDER REVIEW:
Sr. Date of
No Meeting |
Total Number of
directors
associated as on the date of
meeting |
Attendance |
Number of directors
attended |
% of attendance |
1 01/02/2025 |
3 |
3 |
100 |
2 07/02/2025 |
3 |
3 |
100 |
NUMBER OF GENERAL MEETING CONDUCTED DURING THE PERIOD UNDER REVIEW:
During the period under review, General Meeting of the Members of the
Company was duly convened and held as per the provisions of The Companies Act, 2013 and
rules made thereunder as under
Date |
Type of Meeting |
30/09/2024 |
08th Annual General Meeting |
22/04/2024 |
Extra-ordinary General Meeting |
26/04/2024 |
Extra-ordinary General Meeting |
20/11/2024 |
Extra-ordinary General Meeting |
13/12/2024 |
Extra-ordinary General Meeting |
19/12/2024 |
Extra-ordinary General Meeting |
03/01/2025 |
Extra-ordinary General Meeting |
17/01/2025 |
Extra-ordinary General Meeting |
08/02/2025 |
Extra-ordinary General Meeting |
PARTICULARS REGARDING CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND
FOREIGN EXCHANGE EARNING AND OUTGO:
The information as required under the provisions contained in Section
134(3)(m) of the Companies Act, 2013, with respect to conservation of energy, technology
absorption and foreign exchange earnings and outgo is as per Annexure-II, enclosed
herewith which is forming part of this report.
PARTICULARS OF LOANS. GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186
OF THE ACT:
The details of Loans, Guarantees or Investments, if any, covered under
the provisions of section 186 of the Companies Act, 2013 made during the year under review
are disclosed in the financial statements.
PARTICULARS OF REMUNERATION OF THE DIRECTORS/ KEY MANAGERIAL PERSONNEL
(KMP)/ EMPLOYEES:
The information required pursuant to Section 197 read with Rule 5 of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as
amended from time to time in respect of Employees of the Company is not required to be
given as there were no Directors or Employees coming within the purview of this section.
The policy can be access from
https://apollotechno.com/policies/.
CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
There were no contracts or arrangements entered into by the Company in
accordance with the provisions of section 188 of the Companies Act, 2013, however, related
party transactions, if any, entered into during the financial year were on an arm’s
length basis and were in the ordinary course of business. Suitable disclosures as required
under AS-18 have been made in Annexure III. The policy can be access https://apollotechno.com/policies/.
MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF
THE COMPANY
There were no such other material changes occurred subsequent to the
close of the financial year of the Company to which the balance sheet relates and the date
of the report which can affect the financial position of the Company except as under
1. The Name of the Company has been Changed from Apollotechno
Industries Private Limited to Apollo Techno Industries Private Limited w.e.f 19.12.2024
2. The Has been converted from Private Limited to Public Limited w.e.f
27.12.2024
3. The Registered office of the company has been shifted from 167,
Apollotechno Industries Pvt. Ltd., Nr. Keshav Fertilizer, Mehsana to Survey No.
60,Ahmedabad - Mehsana Highway, Mandali.
4. The Company has Passed the Member Resolution for Initial Public
Offer (IPO) dated 17.01.2025 for issuance of Equity shares upto 37,00,000
5. The Company has filed the DHRP with SME Platform of BSE Limited
dated 27.03.2025
DETAILS OF SIGNIFICANT AND MATERIAL ORDERS
No such material Orders have been passed by the Regulators/Court or
Tribunals which can impact the going concern status and Company's operation in future
except as under
PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE
As per the requirement of The Sexual Harassment of Women at Workplace
(Prevention, Prohibition & Redressal) Act, 2013 ('Act') and Rules made there under, an
Internal Compliance Committee has been set up to redress complaints received regarding
sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered
under this policy. During the year, no complaint with allegations of sexual harassment was
filed with the Company. The policy can be access from https://apollotechno.com/policies/
DIRECTORS’ RESPONSIBILITY STATEMENT:
To the best of their knowledge and belief and according to the
information and explanations obtained by them, your Directors make the following
statements in terms of Section 134(5) of the Companies Act, 2013 and confirm that:
a) In the preparation of the annual financial statements for the year
ended March 31,2025, the applicable accounting standards have been followed along with
proper explanation relating to material departures, if any;
b) Such accounting policies as mentioned in Notes to the Financial
Statements have been selected and applied consistently and judgement and estimates have
been made that are reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company as at March 31,2025 and of the profit of the Company for the
year ended on that date;
c) Proper and sufficient care has been taken for the maintenance of
adequate accounting records in accordance with the provisions of the Act for safeguarding
the assets of the Company and for preventing and detecting fraud and other irregularities;
d) The annual financial statements have been prepared on a going
concern basis;
e) Proper internal financial controls were in place and that the
financial controls were adequate and were operating effectively.
f) Proper systems to ensure compliance with the provisions of all
applicable laws were in place and were adequate and operating effectively.
EXTRACTS OF ANNUAL RETURN
In accordance with Sections 134(3)(a) & 92(3) of the Companies Act,
2013 read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014,
the Copy of Annual Return for financial year 2024-25 is uploaded on the website of your
Company and the same is available at
https://apollotechno.com/ .By virtue of amendment to Section 92(3) of the Companies
Act, 2013, the Company is not required to provide extract of Annual Return (Form MGT-9) as
part of the Board’s report.
THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE. 2016 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END
OF THE FINANCIAL YEAR.
During the year under review, no application or any proceeding under
INSOLVENCY AND BANKRUPTCY CODE, 2016 has been made by the company.
THE DETAILS OF DIFFERENCE BETWEEN THE AMOUNT OF THE VALUATION DONE AT
THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF
During the year under review, there has not been made any one-time
settlement or valuation while taking loan from banks or financial intuitions.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
As per provision of section 135 of the companies Act, 2013 profit of
the company in FY 2023- 24 was not above 5 cr and hence the provision of CSR was not
applicable and company was not required to spent the CSR amount. The Policy can be access
from https://apollotechno.com/policies/.
MATERNITY BENEFIT PROVIDED BY THE COMPANY UNDER MATERNITY BENEFIT ACT
1961
The Company declares that it has duly complied with the provisions of
the Maternity Benefit Act, 1961. All eligible women employees have been extended the
statutory benefits prescribed under the Act, including paid maternity leave, continuity of
salary and service during the leave period, and post-maternity support such as nursing
breaks and flexible return-to-work options, as applicable. The Company remains committed
to fostering an inclusive and supportive work environment that upholds the rights and
welfare of its women employees in accordance with applicable laws
APPOINTMENT OF DESIGNATED PERSON (MANAGEMENT AND ADMINISTRATION) RULES
2014 - RULE 9 OF THE COMPANIES ACT 2013.
In accordance with Rule 9 of the Appointment of Designated Person
(Management and Administration) Rules 2014, it is essential for the company to designate a
responsible individual for ensuring compliance with statutory obligations.
The company has proposed and appointed a Mr. Parth Rashamikant Patel as
a designated person in a Board meeting and the same has been reported in Annual Return of
the company.
ACKNOWLEDGEMENTS:
The Directors wish to convey their appreciation to business associates
for their support and contribution during the year. The Directors would also like to thank
the employees, shareholders, customers, suppliers, alliance partners and bankers for the
continued support, co-operation and assistance given by them to the Company and their
confidence reposed in the management
| Place: Mehsana |
By Order of the Board |
| Date : 10/06/2025 |
For, Apollo Techno Industries Limited |
| Rashamikant Haribhai Patel |
Parth Rashamikant Patel |
| DIN:00093929 |
DIN:07131930 |
| Whole-time director |
Managing Director |
|