BSECompany Update6d ago · 13 Aug 2026, 06:18 pm

Intimation of Monitoring Agency Report for the Quarter ended 30th June, 2026 for the Company.

Apollo Techno Industries Ltd · 544671

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Apollo Techno Industries Ltd has received a Monitoring Agency Report from CARE Ratings Limited for the quarter ended June 30, 2026, indicating no deviation from the objects of the issue and no conflict of interest.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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Apollo Techno Industries Ltd - 544671 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

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Date: 13th August, 2026 Bombay Stock Exchange Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Scrip Code: 544671 Symbol: ATIL Sub: Monitoring Agency Report under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we have enclosed herewith Monitoring Agency Report for the Quarter ended 30th June, 2026, issued by CARE Ratings Limited (“Monitoring Agency”), in respect of the utilization of proceeds raised through Initial Public Offer on SME Platform by the Company. The aforesaid Monitoring Agency Report has been reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 13th August, 2026. This intimation is also being uploaded on the website of the Company and can be accessed at the web link: https://apollotechno.com The same may please be taken on record and suitably disseminated to all concerned. Thanking You. Yours faithfully, For APOLLO TECHNO INDUSTRIES LIMITED PARTH RASHMIKANT PATEL MANAGING DIRECTOR (DIN: 07131930) Apollo Techno Industries Limited CIN : L29100GJ2016PLC091682 (Formerly known as Apollotechno Industries Private Limited & Apollo Techno Industries Private Limited) Survey No.167, Ahmedabad-Mehsana Highway, Mandali - 382732, Dist.: Mehsana (Gujarat) India. +91-99090 14960, 90990 77566 | info@apollotechno.com | www.apollotechno.com No. CARE/ARO/GEN/2026-27/1116 The Board of Directors Apollo Techno Industries Limited Survey No. 60, Ahmedabad-Mehsana Highway, Mandali - 384455, Dist: Mehsana, Gujarat, India August 04, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the IPO of Apollo Techno Industries Limited (“the Company”) We write in our capacity of Monitoring Agency for the Initial Public Offer (IPO) for the amount aggregating to Rs.47.96 crore of the Company and refer to our duties cast under 262 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated November 14, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Sajni Shah Assistant Director Sajni.shah@careedge.in Report of the Monitoring Agency Name of the issuer: Apollo Techno Industries Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Sajni Shah Designation of Authorized person/Signing Authority: Assistant Director 1) Issuer Details: Name of the issuer : Apollo Techno Industries Limited Name of the promoter : Rashmikant Haribhai Patel, Manjulaben Rashmikant Patel, Parth Rashmikant Patel Industry/sector to which it belongs : Construction Drilling Equipment Industry 2) Issue Details Issue Period : April 01, 2026 to June 30, 2026 Type of issue (public/rights) : Initial Public Offer (IPO) Type of specified securities : Equity Shares IPO Grading, if any : Not Applicable Issue size (in crore) : Rs.47.96 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications considered by Comments of the Comments of the Particulars Reply Monitoring Agency for Monitoring Agency Board of Directors preparation of report • During Q1FY27, ATIL recovered ₹3 crore • An advance of ₹3 Crore for that had been advanced for land purchase of land was paid out of acquisition in Q4 FY26. The refund was GCP portion. Subsequently, the utilized towards General Corporate company had received a cheque Purpose (GCP) during Q1FY27 to meet bearing no. 000300 on 29th March working capital requirements, including 2026 towards refund of the salary payments and other operational aforesaid advance along with • Prospectus expenses. interest which was encashed by • Management Certificate • The company has utilized ₹0.11 crore the company on 2nd May 2026. Whether all utilization is as per the No • Bank statements excess under GCP. As articulated by • Further, excess amounting to disclosures in the Offer Document? • Chartered Accountant management, same is due to lower ₹0.11 crore pertains to the Tax certificate* issue related expenses as compared to Deducted at Source (“TDS”) the estimated level disclosed in the component of the Issue Expenses, Prospectus which has been utilized which is required to be remitted to under GCP. the relevant statutory/regulatory • There is a delay in the utilisation of Issue authorities. Proceeds. An amount of ₹3.00 crore was utilised towards GCP during Q1FY27 against estimated utilisation schedule Source of information / certifications considered by Comments of the Comments of the Particulars Reply Monitoring Agency for Monitoring Agency Board of Directors preparation of report up to FY26. As per, the Prospectus, unutilised proceeds shall be utilized in subsequent financial years as may be determined by company in accordance with applicable laws. Whether shareholder approval has been obtained in case of material deviations# Not No material deviations from expenditures • Management Certificate Ok. No further comments to offer. from expenditures disclosed in the Offer Applicable disclosed in the offer document. Document? Whether the means of finance for the There is no change in means of finance disclosed objects of the issue have No • Management Certificate Ok. No further c [Showing first 8,000 characters — download PDF for full document]