Apollo Techno Industries Ltd Directors Report

Dear Members,APOLLO TECHNO INDUSTRIES LIMITED (Formerly Known as Apollo Techno Industries Private Limited)

Your Directors have pleasure in presenting the 10th Annual Report together with the Audited Statement of Accounts of your Company for the Year ended March 31, 2026.

Financial Results:

The Companys financial performance, for the year ended March 31, 2026:

(In Lakhs)

Particulars	Standalone Financial Year 2025-26	Standalone Financial year 2024-25	Consolidated 2025-26	Consolidated 2024-25
Income From Operations	10,362.58	9,914.09	11,038.10	9,914.09
Other Income	109.77	51.96	216.90	52.13
Total Income	10,472.35	9,966.05	11,255	9,966.22
Total Expenses	9,933.60	8,490.09	9,950.28	8,486.90
Less: Exceptional Items - Loss / (Gain)	0.12	(18.54)	0.83	(20.45)
Profit / (Loss) before Tax	538.63	1,494.51	1,303.89	1,499.78
Less: Tax Expenses	6.45	366.31	199.47	126.32
Net Profit / (Loss) for the year after Tax	532.18	1,128.20	1,104.42	1,373.45
Less: Other comprehensive income/loss	(0.82)	3.28	(0.82)	3.28
Total profit for the Period	532.99	1,124.92	1,105.24	1,370.17
Earning Per Shares (Basic in Rs)	4.87	11.28	10.11	13.73

Companys Performance (Standalone):

The Company has experienced a substantial improvement in its overall financial performance during the financial year 2025-26. Income from Operations increased significantly to Rs. 10,362.58 Lakhs, reflecting a 04.52% growth compared to Rs. 9,914.09 Lakhs in the previous financial year 2024-25. This growth demonstrates the Companys enhanced market presence and operational efficiency.

The Total Income (including Other Income) stood at Rs. 10,472.35 Lakhs, up from Rs. 9,966.05 Lakhs in FY 2024-25, showcasing an overall growth of 05.08%.

Total Expenses for the year increased to Rs. 9,933.60 Lakhs, as against Rs. 8,490.09 Lakhs in the previous year, in line with the rise in operational activities. Despite the increase in expenses, the Companys Profit Before Tax decreased notably to Rs. 538.63 Lakhs, from Rs. 1,494.51 Lakhs in the previous year - registering a decreased of 63.95%.

After accounting for tax expenses of Rs. 6.45 Lakhs (FY 2024-25: Rs. 366.31 Lakhs), the Net Profit for the year stood at Rs. 532.18 Lakhs, reflecting a 52.82% decreased compared to Rs. 1,128.20 Lakhs in FY 2024-25.

Furthermore, the Earnings Per Share (Basic) is decreased to Rs. 4.87, as against Rs. 11.28 in the previous year.

This consistent growth in revenue and profitability underlines the Companys strong execution of its strategic initiatives, operational resilience, and commitment to long-term value creation for stakeholders.

Companys Performance (Consolidated):

For FY 2025-26, the Consolidated Income from Operations stood at Rs. 11,038.10 Lakhs, with an Other Income of Rs. 216.90 Lakhs, bringing the Total Consolidated Income to Rs. 11,255 Lakhs. These consolidated figures highlight the broader operational scale and financial integration of the Company and its subsidiaries.

Total Expenses on a consolidated basis were Rs. 9,950.28 Lakhs, resulting in a Profit Before Tax (PBT) of Rs. 1,303.89 Lakhs.

After accounting for Tax Expenses of Rs. 199.47 Lakhs, the Net Profit After Tax (PAT) for the consolidated entity stood at Rs. 1,104.42 Lakhs.

The Consolidated Earnings Per Share (Basic) for FY 2025-26 was reported at Rs. 10.11, demonstrating healthy earnings strength and strong performance across the group entities.

This year of reporting consolidated financials underscores the Companys solid performance not only at the standalone level but also across its subsidiaries. It reflects enhanced operational control, integration, and strategic execution across business units.

Consolidated Financial Statement:

In accordance with the provisions of the Companies Act, 2013 (the Act) and the Listing Regulations read with Ind AS 110- Consolidated Financial Statements, Ind AS 28- Investments in Associates and Joint Ventures and Ind AS 31- Interests in Joint Ventures, the consolidated audited financial statement forms part of this Annual Report.

Transfer to Reserve:

The Board of the Company has carried amount of Rs. 1,403.03 to reserve account. Net surplus after adding Current years profit of Rs. 532.99 /- (In Lakhs) comes to Rs. 1,936.02/ (In Lakhs).

Dividend:

In view of the planned business growth, your Directors deem it proper to preserve the resources of the Company for its activities and therefore, do not propose any dividend for the Financial Year ended March 31, 2026.

Material Changes and Commitments:

Initial Public Offer-SME Platform of the Bombay Stock Exchange:

The Company, pursuant to the provisions of Section 26 and 32 of the Companies Act, 2013 read with rules made there under, including the SEBI (ICDR) Regulations, 2018 (as amended), and in terms of Prospectus Dated 26th December, 2025, offered 36,89,000 (Thirty-six lakh eighty nine thousand) equity shares, out of which 36,89,000 (Thirty-six lakh eighty nine thousand) Equity Shares was subscribed. For the face value of Rs. 10/ each, at a premium of Rs. 120/- per equity share, through Book Built Issue, in the Initial Public Offer (IPO) to meet Working Capital Requirements. The Issue opened on opened for subscription for Anchor Investors on Monday, 22nd December, 2025 and for public investors on Tuesday, 23rd December, 2025 and closed on Friday, 26th December, 2025. The issue and allotment of equity shares in the capital of the Company was made on Monday, 29th December, 2025. The designated Stock Exchange - Bombay Stock Exchange Limited, has approved, the listing and trading of equity shares in the capital of the Company, on its SME Platform, w.e.f. Wednesday, 31st December, 2025. Your Directors place their sincere thanks to all the investors and the BSE, SEBI, Merchant Bankers and all the agencies for their guidance and support. The Companys equity shares are regularly being traded at the floor of the SME Platform of BSE.

Change In Nature of Business:

During the year no event has been occurred which may result into the change in the Companys nature of business.

Changes in Shares Capital:

Authorized capital:

There were no change in the Authorised share capital of the Company. As on 31st March 2026 the Authorised share capital of the Company is at Rs. 15,00,00,000/- (Rupees Fifteen Crore Only) divided into 1,50,00,000 (One Crore Fifty lakh) Equity Shares of Rs. 10/- each.

Paid-up share capital:

There were increased in Paid up Capital from Rs. 10,00,00,000/- (Rupees Ten Crore Only) divided into 1,00,00,000 (One Crore) Equity Shares of INR 10/- each to Rs. 13,68,90,000/- (Rupees Thirteen Crore Sixty Eight Lakh Ninety Thousand Only) divided into 1,36,89,000 (Rupees One Crore Thirty six Lakh Eighty Nine Thousand) Equity Shares of INR 10/- each. As on 31st March 2026, the paid-up share capital of the Company is at Rs. 13,68,90,000/- divided into 1,36,89,000 Equity Share of Rs.10/- each.

Date of Allotment	Name of Allottees	Number of Shares
29/12/2025	Through Initial Public Offer	36,89,000

Deviation or Variation from proceeds or utilisation of funds raised from Public Issue:

In the Financial Year 2025-26, The Company got listed on the SME Platform of BSE Limited, and till date, the Company has utilized funds in the objects as stated in offer document and there were no deviations in utilization of funds raised from the public. Hence, the explanation for the variation in terms of Regulation 32(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) is as follows.

Further on comments of monitoring Agency in its reports in Q4FY26 the board comments as follows:

Comments of the Monitoring Agency	Comments of the Board of Directors
The company has utilized Rs. 0.11 crore excess under GCP during Q4FY26. As articulated by management same is due to lower issue-related expenses as compared to the estimated level disclosed in the Prospectus which has been utilized under GCP.	Such excess amounting to Rs 0.11 crore pertains to the Tax Deducted at Source ( \u201c TDS \u201d ) component of the Issue Expenses, which is required to be remitted to the relevant statutory/regulatory authorities.
The company cancelled the MOU in Q4FY26 with its promoter director, Mrs. Manjulaben Patel to acquire land with total consideration of Rs.3.5 crore which was entered into on December 29, 2025. The Company paid an advance of Rs. 3 crores on January 01, 2026.	An advance of Rs. 3 Crore for purchase of land was paid out of GCP portion. Subsequently, the company had received a cheque bearing no. 000300 on 29th March 2026. To wards refund of the aforesaid advance along with interest which was encashed by the company on 2nd may 2026. The transaction was cancelled based on managements assessment that the land location was not suitable for the proposed project. Accordingly, the Company recovered Rs. 3.05 crore, including interest at 6%, on May 02, 2026, as per the terms of the MOU.

Dematrialisation of Securities:

The Companys Equity Shares are admitted in the system of Dematerialization by both the Depositories namely NSDL and CDSL. As on March 31, 2026 all 1,36,89,000 equity shares dematerialized through depositories viz. National Securities Depositories Limited and Central Depositories Services (India) Limited, represents whole 100% of the total issued, subscribed and paid-up share capital of the Company as on that date. The ISIN allotted to your Company is INEOX4A01013. Status of the Securities as on 31st March, 2026 hereunder:

	CDSL	NSDL	TOTAL
Shares in Demat	1,16,20,000	20,69,000	1,36,89,000
Physical Shares	Nil	Nil	Nil

Registrar and Share Transfer Agent:

The Company has appointed MUFG Intime India Private Limited (Formerly Known as Link Intime India Private Limited) as its Registrar and Share Transfer Agent. The Registered Office of MUFG Intime India Private Limited is situated at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.

Extract of Annual Return:

In terms of Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of the Company is available on the website of the Company: https://apollotechno.com/disclosures-under-regulation-46-of-sebi-lodr-regulations-2015/annual-return/

Auditor:

Statutory Auditors

M/s. Dipal R. Shah & Co., Chartered Accountants (ICAI Firm Registration No. 126576W) were appointed as Statutory Auditors of the Company for 5 (five) consecutive years, at the 6th Annual General Meeting for five years till the conclusion of the 11th Annual General Meeting to be held in the calendar year 2027. Accordingly, they have conducted Statutory Audit for the F.Y. 2025-26. The Statutory Auditors have confirmed that they are not disqualified from continuing as Auditors of the Company, and shall continue to be Statutory Auditors for the F.Y. 2026-27.

As required under Regulation 33(d) of the SEBI (LODR) Regulation, 2015, the auditor has confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.

The Auditors Report does not contain any qualification, reservation disclaimer. The Notes to the financial statements referred in the Auditors Report are self-explanatory and do not call for any further comments.

Boards Comment on the Auditors Report

The observation of the Statutory Auditors, when read together with the relevant notes to the accounts and accounting policies are self explanatory and does not call for any further comment.

Detail of Fraud as per Auditors Report

There is no fraud in the Company during the F.Y. ended 31st March, 2026. This is also being supported by the report of the auditors of the Company as no fraud has been reported in their audit report for the F.Y. ended 31st March, 2026.

Cost Records

The Company is maintaining the cost records as specified by the Central Government under section 148(1) of the Companies Act, 2013.

Cost Auditors

The company is maintaining cost records as prescribed under the provisions of Section 148(1) of the Companies Act, 2013. Further the applicability of cost audit is not applicable to the Company.

The Cost Auditors Report does not contain any qualification, reservation disclaimer. Report are self-explanatory and do not call for any further comments

Internal Auditor

Pursuant to Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, the Board of Director appointed M/s. D S K V & Co, Chartered Accountants (ICAI Firm Registration No. 141405W) as an Internal Auditor of the Company for the financial Year 2025-26.

The Internal Auditors Report does not contain any qualification, reservation disclaimer. Report is self-explanatory and do not call for any further comments

Secretarial Auditor

The Board had appointed M/s Mukesh H Shah & Co., Company Secretaries (Membership No. F5827), to conduct Secretarial Audit of the Company. The Secretarial Audit Report for the financial year ended 31st March, 2026 is annexed and marked as Annexure - I to this Report.

Board of directors, Their Meetings & KMPs

Constitution of the Board

The Board of directors are comprising of total 5 (Five) Directors, which includes 2 (Two) Independent Directors. The Chairman of the Board is Promoter and Whole-time director. The Board members are highly qualified with the varied experience in the relevant field of the business activities of the Company, which plays significant roles for the business policy and decision-making process and provide guidance to the executive management to discharge their functions effectively.

Board Independence

Our definition of Independence of Directors is derived from Regulation 16 of SEBI (LODR) Regulations, 2015 and Section 149(6) of the Companies Act, 2013. The Company is having following independent directors as on 31st March 2026:

i. Nikhilkumar Mahendrabhai Patel (DIN: 10941953)ii. Satyamkumar Rambhai Patel (DIN: 05172097)

As per provisions of the Companies Act, 2013, Independent Directors shall not be liable to retire by rotation.

Declaration by the Independent Directors

All the Independent Directors have given their declaration of Independence stating that they meet the criteria of independence as prescribed under section 149(6) of the Companies Act, 2013. Further that the Board is of the opinion that all the independent directors fulfil the criteria as laid down under the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015 during the year 2025-26.

Separate Meeting of Independent Directors

As stipulated by the Code of Independent Directors under the Companies Act, 2013, a separate meeting of the Independent Directors of the Company was held on 17th December, 2025 to review the performance of Non-Independent Directors (including the Chairman) and the entire Board. The Independent Directors also reviewed the quality, content and timelines of the flow of information between the Management and the Board and its Committees which is necessary to effectively and reasonably perform and discharge their duties.

Companys policy on Directors Appointment and Remuneration

The Policy of the Company on Directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under section 178(3), uploaded on companys website.

https://apollotechno.com/wp-content/uploads/3-Nomination-and-Remuneration-Policy.pdf

Director retiring by rotation

As per the provisions of section 152 the Act, Mr. Parth Rashmikant Patel (DIN: 07131930), Managing Director retire by rotation at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. Based on the performance evaluation and recommendation of NRC, Board recommends the re-appointment in the ensuing AGM.

Annual Evaluation by the Board

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee has laid down the criteria for evaluation of the performance of individual Directors and the Board as a whole. Based on the criteria the exercise of evaluation was carried out through a structured process covering various aspects of the Board functioning such as composition of the Board and committees, experience & expertise, performance of specific duties & obligations, attendance, contribution at meetings & Strategic perspectives or inputs regarding future growth of company, etc. The performance evaluation of the Chairman and the Non-Independent Directors was carried out by the Independent Director. The performance of the Independent Directors was carried out by the entire Board (excluding the Director being evaluated). The Directors expressed their satisfaction with the evaluation process.

Directors and Key Managerial Personnel (KMP)

During the year under review, there were no appointment / cessation or change in designation of directors and KMP.

On August 31, 2026, Mr. Maulikkumar Rameshbhai Bhatt (Chief Financial Officer) resigned from the position of the Chief Financial Officer.

Following are the Directors and KMPs of the Company as on 31st March 2026:

Sr No.	Name of Director/KMPs	Designation/Nature of Directorship	Date of Appointment
01	Parth Rashmikant Patel	Managing Director	26/04/2016
02	Rashmikant Haribhai Patel	Whole-time director and Chairman	01/08/2016
03	Manjulaben Rashmikant Patel	Non-Executive Director	26/04/2016
04	Maulikkumar Rameshbhai Bhatt	CFO	01/02/2025
05	Nikhilkumar Mahendrabhai Patel	Independent Director	07/02/2025
06	Satyakumar rambhai Patel	Independent Director	02/01/2025
07	Alpeshkumar Kanubhai Parmar	Company Secretary & Compliance Officer	02/01/2025

Following are the Directors and KMPs of the Company as on date of report:

Sr No.	Name of Director/KMPs	Designation/Nature of Directorship	Date of Appointment
01	Parth Rashmikant Patel	Managing Director	26/04/2016
02	Rashmikant Haribhai Patel	Whole-time director and Chairman	01/08/2016
03	Manjulaben Rashmikant Patel	Non-Executive Director	26/04/2016
04	Nikhilkumar Mahendrabhai Patel	Independent Director	07/02/2025
05	Satyakumar Rambhai Patel	Independent Director	02/01/2025
06	Alpeshkumar Kanubhai Parmar	Company Secretary & Compliance Officer	02/01/2025

Meetings of Board of Directors

Eleven (11) Board Meetings were held during the Financial Year Ended March 31, 2026. Detail are as follows:

Sr. No.	Date of Meeting	Total No. of directors as on the date of the Meeting	No. of directors attended
1.	10.06.2025	5	5
2.	08.09.2025	5	5
3.	01.11.2025	5	5
4.	16.12.2025	5	5
5.	22.12.2025	5	5
6.	26.12.2025	5	5
7.	29.12.2025	5	5
8.	01.01.2026	5	5
9.	19.01.2026	5	5
10.	04.02.2026	5	5
11.	05.03.2026	5	5

The maximum gap between any two Board Meetings was less than one Hundred and Twenty days.

Attendance of Directors at the Board Meetings:-

Sr. No.	Name of Directors	No. of Meetings Entitled to Attend	No. of Meetings Attended
1.	Parth Rashmikant Patel	11	11
2.	Rashmikant Haribhai Patel	11	11
3.	Manjulaben Rashmikant Patel	11	11
4.	Nikhilkumar Mahendrabhai Patel	11	11
5.	Satyakumar Rambhai Patel	11	11

Committees of the board

The Company has the following committees:

Audit Committee

The Company has constituted Audit Committee as per requirement of section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015. The terms of reference of Audit Committee are broadly in accordance with the provisions of SEBI (LODR) Regulations, 2015 and Companies Act, 2013. The Audit Committee comprises of the following Directors of the Company:

Sr No.	Name of Directors	Nature of Directorship	Designation in Committee
1	Nikhilkumar Mahendrabhai Patel	Independent Director	Chairman
2	Satyamkumar Rambhai Patel	Independent Director	Member
3	Parth Rashmikant Patel	Managing Director	Member

During the financial year 2025-26, the Audit Committee met 5 (Five) times on 10.06.2025, 08.09.2026, 29.12.2025, 01.01.2026 and 19.01.2026.

Sr. No.	Date on which Meetings were held	Total Strength of the Committee	No. of Members Present	Meetings Attended by
1.	10.06.2025	3	3	All Meetings are attended by: 1. Mr. Nikhilkumar Mahendrabhai Patel 2. Mr. Satyamkumar Rambhai Patel 3. Mr. Parth Rashmikant Patel
2.	08.09.2026	3	3
3.	29.12.2025	3	3
4.	01.01.2026	3	3
5.	19.01.2026	3	3

Nomination and Remuneration Committee

The Company has constituted a Nomination and Remuneration Committee in accordance with section 178 of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The Nomination and Remuneration Committee comprises of the following Directors of the Company:

Sr No.	Name of Directors	Nature of Directorship	Designation in Committee
1	Satyamkumar Rambhai Patel	Independent Director	Chairman
2	Nikhilkumar Mahendrabhai Patel	Independent Director	Member
3	Manjulaben Rashmikant Patel	Non-Executive Director	Member

During the financial year 2025-26, the Nomination and Remuneration Committee met 1 (one) time on 10.06.2025.

Sr. No.	Date on which Meetings were held	Total Strength of the Committee	No. of Members Present	Meetings Attended by
1.	10.06.2025	3	3	1. Mr. Satyamkumar Rambhai Patel 2. Mr. Nikhilkumar Mahendrabhai Patel 3. Mrs. Manjulaben Rashmikant Patel

Stakeholders Relationship Committee

The Company has constituted a Stakeholders Relationship Committee in accordance with section 178 of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The Stakeholders Relationship Committee comprises the following Directors:

Sr No.	Name of Directors	Nature of Directorship	Designation in Committee
1	Nikhilkumar Mahendrabhai Patel	Independent Director	Chairman
2	Satyakumar Rambhai Patel	Independent Director	Member
3	Parth Rashmikant Patel	Managing Director	Member

During the financial year 2025-26, the Stakeholders Relationship Committee met 1 (one) time on 01.11.2025.

Sr. No.	Date on which Meetings were held	Total Strength of the Committee	No. of Members Present	Meetings Attended by
1.	01.11.2025	3	3	Meeting was attended by: 1. Mr. Satyamkumar Rambhai Patel 2. Mr. Nikhilkumar Mahendrabhai Patel 3. Mr. Parth Rashmikant Patel

Corporate Social Responsibility Committee:

Pursuant to the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, the Company is required to spend on Corporate Social Responsibility (CSR) activities. During the year under review, the Company has complied with the applicable CSR provisions and has spent the required amount on CSR initiatives. However, in terms of Section 135(9) of the Companies Act, 2013, where the amount to be spent by a company under section 135(5) does not exceed 50 lakh, thus the requirement for constitution of a Corporate Social Responsibility Committee is not applicable to the company.

Accordingly, the functions of the CSR Committee have been discharged by the Board of Directors of the Company. The duly adopted CSR Policy by the Board is available on the Companys website.

https://apollotechno.com/wp-content/uploads/2-Corporate-Social-Responsibility-Policy.pdf

Directors Responsibility Statement:

Pursuant to the requirements under Section 134(3)(c) and Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that:

a) In the preparation of the annual accounts for the year ended 31st March 2026, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same.b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March 2026 and of the profit of the Company for the year ended on that date.c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.d) The Directors have prepared the annual accounts on a going concern basis.e) The Directors have laid down internal financial control to be followed by the Company and that such internal financial controls are adequate and operating effectively; andf) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Details of Subsidiary, Joint Venture or Associate Companies:

The Company does not have any Joint Venture or Associate Company as on 31st March 2026.

During the year under review, the company have a wholly owned subsidiary company named as Apollo Techno Equipments Limited. A statement providing details of performance and salient features of the financial statement of subsidiary company as per Section 129(3) of the Act, is provided as Annexure - II thereto are available on the Companys website and can be accessed at https://apollotechno.com/financials-of-group-companies/

The financial statements of the subsidiaries, are available on the Companys website and can be accessed at https://apollotechno.com/financials-of-group-companies/

Conservation Of Energy, Technology Absorption and Foreign Exchange Earnings & Outgo:

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014, is annexed herewith as Annexure - III.

Contracts and Arrangements with Related Parties:

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were on an arms length basis. During the year, the Company has entered into contract / arrangement / transaction with related parties which could be considered material as per section 188 read with rule 15 of The Companies (Meetings of Board and its Powers) Rules, 2014. AOC-2 is annexed herewith as Annexure - IV.

A policy on the related party transaction was framed & approved by the Board and posted on the Companys website at below link:

https://apollotechno.com/wp-content/uploads/5-Related-Party-Transaction-Policy.pdf

The details of related party transaction are provided in the notes forming part of the Financial Statement.

Particulars of Loans, Guarantees or Investments Under Section 186:

During the year, the Company has not provided any guarantee or security in favour of any other party. However, it has made investments in other bodies corporate and has granted loans to employees out of its funds in compliance with the provisions of Section 186 of the Companies Act, 2013, as at 31st March, 2026.

The details of these transactions are provided in Note No. 08 (for Investment) and 14 (for Loan to Employee) forming part of the Financial Statements.

Management Discussion and Analysis Reports

As per Regulation 34 (e) read with schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), the management Discussion and Analysis Report of the Company for the year ended is set out in this Annual Report as Annexure - V.

Deposits:

The Company has not accepted any public deposits during the year under review.

Transfer of Amounts to Investor Education and Protection Fund:

Your Company did not have any funds lying unpaid or unclaimed for a period of Ten years. Therefore, no funds were required to be transferred to Investor Education and Protection Fund (IEPF).

Corporate Social Responsibility:

As per Section 135(1) of the Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 The Company had spent CSR Amount through the Jivan Jyot Foundation. During the year under review, the Company has spent 14,21,200/- (Rupees Fourteen Lakh Twenty One Thousand Two Hundred Only), 2% of the average net profits of the immediately preceding three financial years towards identified and approved CSR initiatives covered under Schedule VII to the Act, through implementing agency for the following objectives:

Promoting Healthcare and sanitationPromotion of Education and employment-enhancing vocational skillsRural transformation and development

The Annual Report on CSR activities is annexed and marked as Annexure - VI to this Report. The CSR Policy is available on the Companys website and can be accessed at:

https://apollotechno.com/wp-content/uploads/2-Corporate-Social-Responsibility-Policy.pdf

Internal Financial Control:

The Company has put in place an adequate system of internal control commensurate with its size and nature of business to safeguard and protect from loss, unauthorized use or disposition of its assets. All the transactions are properly authorized, recorded and reported to the Management. The Company is following all the applicable Accounting Standards for properly maintaining the books of accounts and reporting financial statements. The internal auditor of the Company checks and verifies the internal control system and monitors them in accordance with the policy adopted by the Company. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

Vigil Mechanism:

The company has established vigil mechanism (whistle blower policy) and according to such policy, Audit Committee has been constituted for the purpose of vigil mechanism. All employees are encouraged to report any instance/s of unethical behaviour, fraud, violation of the companys code of conduct or any behaviour which may otherwise be inappropriate and harmful to the Chairperson of the Audit Committee. No such instances have been brought to notice during the year.

The details of the Vigil Mechanism Policy has posted on the website of the Company at following link:

https://apollotechno.com/wp-content/uploads/8-Vigil-Mechanism-Whistle-Blower-Policy.pdf

Code of Conduct

Regulation 17(5) of the SEBI (LODR) Regulations, 2015 requires listed companies to lay down a Code of Conduct for its directors and senior management, incorporating duties of directors as laid down in the Companies Act, 2013. The Company has adopted a Code of Conduct for all Directors and Senior Management of the Company and same is hosted on the website of the company at following link:

https://apollotechno.com/wp-content/uploads/CODE-OF-CONDUCT-FOR-BOARD-OFDIRECTORS-AND-SENIOR-MANAGERIAL-PERSONNEL_ATIL.pdf

Corporate Governance:

The Company being listed on the SME Platform of Bombay Stock Exchange, therefore pursuant to Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part C of Schedule V relating to compliance of Corporate Governance shall not applicable to the Company. Further, The Company need not require complying with requirements as specified in Part E of Schedule II pursuant to Regulation 27(1) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and submitting Compliance Report on Corporate Governance on quarterly basis pursuant to Regulation 27(2) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hence no Corporate Governance Report is required to be disclosed with Annual Report.

Prevention of Insider Trading

In view of the SEBI (Prohibition of Insider Trading) Regulation, 2015 the Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The details of the Insider Trading Policy has posted on the website of the Company.

https://apollotechno.com/wp-content/uploads/CODE-OF-CONDUCT-FOR-PREVENTION-OF-INSIDER-TRADING_ATIL.pdf

The Code requires Trading Plan, pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. However, there were no such instances in the Company during the year 2025-26.

Risk Management Policy:

The risk management policy is required to identify major risks which may threaten the existence of the Company. The Management do not notice any risk in near future which may have threat on the existence of the Company. However, Every Company is exposed to inherent uncertainties owing to the sectors in which it operates. A key factor in determining a companys capacity to create sustainable value is the risks that the company is willing to take and its ability to manage them effectively. Many risks exist in a companys operating environment and they emerge on a regular basis. The Companys Risk Management process focuses on ensuring that these risks are identified on a timely basis and addressed. The Company has its own risk management policy to cop-up with any risk arises in future.

Particulars of Employees:

A statement containing the names and other particulars of employees in accordance with the provisions of Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is appended as Annexure- VII to this Report.

Prevention of Sexual Harassment at Workplace:

The Company has always believed in providing a safe and harassment free workplace for every individual working in premises through various interventions and practices. The Company is committed to create and provide a safe and conducive work environment to its employees.

The Company has in place a robust policy on prevention of sexual harassment at workplace. The policy aims at prevention of harassment and lay downs the guidelines for identification, reporting and prevention of sexual harassment.

Your Directors further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

Details of Significant and Material Orders Passed by the Regulators, Courts and Tribunals:

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Companys operations in future.

Compliance with Secretarial Standard:

The Directors have devised systems to ensure compliance with the provisions of applicable Secretarial Standards and that such systems are adequate and operating effectively.

Details of Application made or Proceeding Pending under Insolvency and Bankruptcy Code, 2016:

No applications made or proceedings pending in the name of the company under Insolvency and Bankruptcy Code, 2016.

Details of Difference between Valuation Amount on one Time Settlement and Valuation while Availing Loan from Banks and Financial Institutions:

There has been no one time settlement of loans taken from Banks and Financial Institutions.

Suspension of Trading

There was no occasion wherein the equity shares of the Company have been suspended for trading during the financial year 2025-26.

Acknowledgment:

Your Directors would like to express their sincere appreciation for the assistance and cooperation received from the banks, Government authorities, customers, vendors and members during the year under review.

Your Directors also wish to place on record their deep sense of appreciation for the committed services by the Companys executives, staff and workers.

For and on behalf of the Board
APOLLO TECHNO INDUSTRIES LIMITED
PARTH RASHMIKANT PATEL	RASHMIKANTHARIBHAI PATEL
(Managing Director)	(Whole-time director)
(DIN: 07131930)	(DIN: 00093929)
Date: 31.08.2026
Place: Mehsana