Apollo Finvest India Ltd

Business overview

• Digital-first NBFC offering fully digital personal loans via its app.
• Publicly listed on BSE; 19,000+ pincodes served; fully digital underwriting.

Financial performance

• FY26 Total Income Rs 23.2 Cr; Profit Before Tax Rs 10.4 Cr.
• Income per Employee Rs 0.89 Cr; PBT growth YoY 29.96%.
• Sustained profitability since inception with healthy margins.

Operations & capabilities

• New hires bolster digital lending team: Rakesh Polisetti, Prajwal Ballal, Nirdesh Shah.
• Live across 19,000+ pincodes; fully digital underwriting.

Strategy & outlook

• Strategy focuses on scalable digital lending with data-driven underwriting.

Governance & leadership

• CEO Mikhil Innani; COO Diksha Nangia leading digital lending expansion.

Adoption of financial statements

• Adopt audited financial statements for year ended 31 March 2026 with Board and Auditors' reports.

Director re-appointment

• Re-appoint Mikhil Innani as Director, liable to retire by rotation.

NCD borrowings approval

• Approve private placement of NCDs up to Rs 100 crore, within Rs 500 crore borrowing cap.

Material related party transactions

• Authorize material related party transactions with directors/promoters; board to finalize terms, subject to statutory approvals.

Secretarial Auditor appointment

• Appoint M/s Pranay D. Vaidya & Co. as Secretarial Auditor for five years; remuneration to be determined.

Financial performance

• Total income for FY2025-26: ₹2,124.60 lakh.
• Profit after tax: ₹695.49 lakh.
• EPS (basic and diluted): ₹18.63.
• Revenue from operations: ₹2,070.48 lakh; interest ₹1,311.96; fees ₹591.65.
• Gross loans: ₹6,345.41 lakh; net loans: ₹6,247.30 lakh.
• CRAR: 67.40% (Tier I 67.10%; Tier II 0.30%).
• Dividend for FY2025-26: none declared.

Apollo Cash: launch and scale

• Apollo Cash launched Oct 2025; go-live in about a month.
• 100k+ organic downloads by Jun 2026.
• 32,000 loans disbursed; ₹12 crore total disbursements.
• Install-to-disbursal rate runs at ~4x industry benchmark (3-5%).
• AA data: 2.61 billion accounts; 64 lenders live.

Governance & risk framework

• GMJ & Co. appointed as Statutory Auditors; unqualified opinion.
• SGGS & Associates resigned; replaced by Pranay D. Vaidya & Co. as Secretarial Auditor.
• Board: six directors; 2 Executive, 4 Independent; one woman.
• Audit Committee met 4 times; NRC 3 times; Stakeholders Committee 1 meeting.
• Independent Directors met on Feb 12, 2026; governance reviews conducted.
• RBI Digital Lending Directions 2025 embedded in product design.

Capital structure & liquidity

• Equity share capital: ₹373.27 lakh; 37,32,673 shares.
• Promoter group holds ~70.7% stake; key holders include Anju Innani, Mikhil Innani, and Diksha Nangia.
• Total assets: ₹10,474.19 lakh; total liabilities: ₹3,045.17 lakh; equity: ₹7,429.02 lakh.
• Debt securities: ₹1,510.97 lakh (NCDs); top counterparty accounts for 49.62% of liabilities.
• Dematerialised shares: 88.97%; listed on BSE (512437); annual listing fees paid.

CSR and ESG initiative

• CSR spend: ₹23.73 lakh; average net profit for 2% CSR obligation: ₹11,84,88,663.
• CSR obligation: ₹23,69,773; excess/shortfall: ₹3,227.
• Projects supported: Sakhi Foundation, Shiksha Foundation, Nanhi Kali, Navneet Foundation.
• Beneficiaries: Sakhi 30; Shiksha 38; Nanhi Kali (83 in Maharashtra); Navneet 299.
• CSR policy and project details available on company website.

Shareholding & corporate actions

• Major holders: Anju Innani 28.25%; Mikhil Innani 21.21%; Diksha Nangia 21.21%.
• Promoter group stake: ~70.7%.
• Equity shares outstanding: 37,32,673; ESOP grants of 768 shares; vesting schedule.
• Dematerialisation: 88.97% of shares; BSE scrip code 512437.
• AGM date: 17 September 2026; ESOP disclosures on company site.

Outlook and risks

• FY2026-27 outlook centers on scaling Apollo Cash; data-driven flywheel gains pace.
• Risks: regulatory shifts; potential over-leverage across platforms.
• Mitigation: owned distribution, disciplined underwriting, and real-time risk dashboards.
• Part of partnerships remains key; transition to full-stack lending is gradual and deliberate.

Secretarial Auditor resignation

• Resignation of SGGS & Associates as Secretarial Auditor effective 14 Aug 2026.
• Reason: disagreement over commercial arrangements and increased scope with no fee revision.
• Appointed by shareholders at AGM 18 Sep 2025.
• Resignation letter submitted; enclosed with stock exchange filing.

Meeting Details

• Board meeting scheduled for August 14, 2026 (time and venue not disclosed).

Key Agenda Items

• Un-audited Q1 FY2026 financial results (quarter ended June 30, 2026) to be reviewed.
• Issuance of non-convertible debentures on a private placement basis; subject to shareholder and statutory approvals.
• AGM notice seeking shareholders' approval for issuance of debentures as approved by the Board.

Other Notes

• Trading window closed from July 1, 2026 to August 16, 2026 (48 hours after results).

Apollo Finvest India Ltd: Trading window closed from July 1, 2026 until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026.

Business model

• Apollo Finvest is building a digital lending platform focused on small-ticket retail borrowers.
• Management said underwriting uses device, SMS, app, and location signals beyond bureau and bank data.