Annual Report: 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:
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:
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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