ImportantCompany Update

Apollo Finvest will hold its 40th Annual General Meeting to address crucial business matters.

Apollo Finvest India Ltd512437 · Filed with the exchange

Shareholders will vote on adopting the past financial year's audited statements and re-appointing Director Mikhil Innani.

The company is seeking approval to raise up to 100 Cr by issuing Non-Convertible Debentures, vital for future funding needs, remaining well within its 500 Cr overall borrowing limit (15 Cr currently outstanding). Furthermore, the board proposes securing an unsecured loan of up to 40 Cr from Directors/Promoters at competitive interest rates (10.25%-14%) to boost working capital.

A new Secretarial Auditor will also be appointed.

Read the original filing(PDF)

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