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Apollo Green Energy Limited Unlisted Shares Annual Reports

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Apollo Green Energy Limited Unlisted Shares

Year: 2024

Apollo Green Energy Annual Report 2023-2024 Summary: **Overview:** The Apollo Green Energy Limited (formerly known as Apollo International Limited) Annual Report for 2023-2024 provides a detailed overview of the company's performance, governance, and financial standing. The report highlights the company's commitment to renewable energy and sustainable practices, alongside its diversified business operations. **Corporate Governance and Board Matters:** The Board of Directors consists of Mr. Raaja Kanwar (Vice Chairman & Managing Director), Mr. Vivek Bharati, Mr. Sunil Agrawal, and Ms. Rachna Jain. The report includes details on board meetings, committee compositions (Audit, Nomination and Remuneration, CSR), and related party transactions. Independent directors have affirmed meeting criteria of independence. Mr. Ravikant Umakant Mishra was appointed as Additional Director. **Financial Performance:** The company's revenue from operations was Rs. 1148.48 Crore. Profit before tax was Rs. 32.14 Crore. Detailed financial statements, including the balance sheet, profit and loss statement, cash flow statement, and statement of changes in equity, are included. The report details capital structure, subsidiaries, joint ventures, and associate companies. Key financial ratios and segment-wise performance are analyzed. **Business Segments:** * **Fashion Division:** Faced challenges but focused on footwear and bags segments, aiming for recovery in 2024-25. * **Tyre Tech Global (TTG):** Operations streamlined, credit period reduced. Performance was subdued due to market conditions. * **Engineering & Projects Division:** Undertook diverse projects including water distribution, electricity distribution, and thermal power plant projects. Achieved a turnover of Rs. 596 Crore. * **Solar Power Division:** Focused on renewable energy solutions across India, leveraging EPC experience. Aiming for a ₹10,000 crore project portfolio by 2025, with an existing order book of ₹3,500 crore. **Key Resolutions and Notices:** The report includes the Notice of the Annual General Meeting (AGM) to be held on December 30, 2024, via video conferencing. Resolutions to be considered include: * Re-classification of authorized share capital. * Increase in authorized share capital from Rs. 48 Crore to Rs. 148 Crore. * Regularization of Additional Director Mr. Ravikant Umakant Mishra. * Approval for issuance of Optionally Convertible Debentures (OCD) on a private placement basis up to INR 100 Crore. **Statutory and Legal Compliance:** The report confirms adherence to various provisions of the Companies Act, Securities and Exchange Board of India (SEBI) regulations, and other applicable laws. The company has implemented a vigil mechanism policy. It also discusses compliance with secretarial standards. **CSR Activities:** The company's CSR policy is outlined, and details of CSR activities undertaken during the financial year are provided. The company spent more than 2% of the Company's Average Net Profits for three immediately preceding financial years on CSR activities. **Risk Management and Internal Controls:** The Board of Directors is responsible for risk management. The company has implemented an adequate system of internal financial controls. **Directors' Responsibility Statement:** The directors confirm their responsibility for preparing financial statements that give a true and fair view. **Auditor's Report:** The Independent Auditor's Report expresses an unqualified opinion on the standalone and consolidated financial statements, with emphasis on certain matters. **Instructions for AGM Participation:** The report provides detailed instructions for members to participate in the AGM through video conferencing and remote e-voting, including login procedures and contact information for technical assistance.

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What are unlisted shares?

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Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

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You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

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The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

Are unlisted shares a good investment?

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Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

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To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

What are the risks of investing in unlisted shares?

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Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

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The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

Can I get a dividend from unlisted shares?

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Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

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It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Are unlisted shares taxed?

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

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