Quarterly Result25 Feb 2026, 08:57 pm
Indsoya Ltd. Deviates Funds Utilization Towards Lease Payments
AI Summary
Indsoya Ltd., formerly known as Apollo Ingredients Limited, has reported a deviation in the utilization of funds raised through a Rights Issue. An amount of Rs. 3 crore, which was initially intended for working capital requirements, raw material procurement, and reducing trade payables, was utilized towards lease payments for a factory owned by a related party. This deviation was approved by the shareholders at the 45th AGM held on September 27, 2025.
Key Highlights
- Indsoya Ltd. reports deviation in funds utilization
- Rs. 3 crore originally intended for working capital and raw material procurement used for lease payments
- Lease payments made to a related party
- Deviation approved by shareholders at the 45th AGM held on September 27, 2025