Apollo Ingredients Ltd Approves Major MOA Alteration and Sets Related Party Transaction Limits
Apollo Ingredients Ltd, formerly known as Indsoya Limited, held a Board meeting on June 4, 2026, where it considered and approved several key corporate actions, including material changes to its Memorandum of Association (MOA) and setting transaction limits with related parties.The Board reviewed and sanctioned the Annual report along with the Board Report for the financial year 2025-26. Additionally, the company approved the convening of its 46th Annual General Meeting, which is scheduled to be held on Monday, June 29, 2026, via Video Conferencing (VC) or Other Audio Visual Means (OAVM).
In a significant corporate move, the Board approved an alteration to the Object Clause of the Memorandum of Association. The existing Clause III(A) was renumbered as Clause III(A)(1), and a new sub clause, III(A)(2), was inserted. This newly defined business scope greatly expands the company's operational focus.
Under the altered MOA, the company is authorized to carry on extensive agricultural and food ingredient business. The expanded activities include cultivating, growing, and processing all kinds of agricultural and horticultural produce. Further, the company can manufacture and deal in food ingredients, food products, food additives, supplements, and other agro-based products. To support this, Apollo Ingredients Ltd has been granted permission to establish, acquire, operate, and maintain farms, warehouses, cold storages, processing plants, and logistics facilities.
The Board meeting also addressed the company's registered office. While approving a modification to a previous resolution regarding the Registered Office, the Board noted that there is no change in the physical location of the company’s registered premises. The matter involved only an update to the address particulars by including 'Palghar', which correctly identifies the district where the office is situated.
The company also approved limits pertaining to related party transactions (RPT). The details of these transaction limitations are outlined below:
| Nature of Transaction | Related Party(ies) | Nature of Relationship | Maximum Transaction Limit |
|---|---|---|---|
| Sale, Purchase or supply of any goods or materials | Apollo Ingredients India Private Limited | Related Party by virtue of common directorship and/or common shareholding | Upto Rs. 5 Crores only |
During the meeting, the Board also approved the appointment of M/S Ravi Patidar and Associates (Membership No. 55749), a practicing Company Secretaries firm, to act as a scrutinizer for conducting e-voting.
The Board of Directors’ meeting commenced at 5:00 P.M. and concluded at 6:00 P.M. on June 4, 2026.
Stock Price Movement
At the close of trade today, Apollo Ingredients Ltd. shares finished at ₹62.50, ticking up by +1.99%. The stock traded completely flat throughout the day, with the intra-day range locked at ₹62.50 per share.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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