Apollo Ingredients Limited has announced a board meeting to consider a rights issue of 1 crore equity shares at Rs. 5 each, aggregating up to Rs. 500 lakhs.

The issue offers 25 shares for every 1 share held by eligible shareholders on the record date.

Applications must be made through the ASBA process, with allotment and credit of shares strictly in dematerialized form.

Shareholders holding shares in physical form must provide demat details before the issue closes.

Rights entitlements are tradable on BSE during the renunciation period.

Unsold or unsubscribed entitlements will lapse post-issue.

The issue is backed by promoters Lovely Ghanshyam Mutreja, Kirit Ghanshyam Mutreja, and Lalita Ghanshyam Mutreja.