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
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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
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