Apollo Ingredients FY26 Results and Corporate Updates

Apollo Ingredients Ltd has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported total revenue of ₹5.03 crore and a net profit after tax of ₹0.71 crore for the full year. For the fourth quarter of FY26, revenue stood at ₹1.07 crore, with a net profit of ₹0.07 crore.

The statutory auditors issued an unqualified opinion on the audited financial statements.

During a board meeting on May 15, 2026, directors approved these financial results along with several key corporate actions. These include significant leadership changes and progress on a company name change.

Key directorial changes confirmed by the board are:

• Kirit Ghanshyam Mutreja will step up to Managing Director from his previous role as Executive Director.
• Lovely Ghanshyam Mutreja transitions from Managing Director to Executive Director (Marketing).
• Amol Dinkar Nigudkar has been appointed as an Independent Director.
• James Mody has resigned from his position as a non-executive director.
• The company also plans to shift its registered office within local city limits.

The company also received in-principle approval from the BSE for a change in its corporate name, signaling a potential rebranding initiative.

However, the company faces certain risks. Auditors noted a gap in the audit trail (edit log) within its accounting software for FY26, which could affect the completeness and traceability of financial records. Additionally, as of March 31, 2026, the company's new name was not yet updated on the BSE portal, leading to queries from the exchange that require resolution.

Investors will be monitoring the formal listing and trading of shares under the new company name on the BSE, the resolution of the exchange's queries, the new management's strategic direction, and any impact from the audit trail gap on future financial reporting.