Defence company-Apollo Micro receives listing approval for preferential allotment shares

Apollo Micro Systems Limited (AMS) has successfully completed the listing of a further issue of 2,107,194 Equity shares of Re 1 each, which were allotted following the conversion of warrants issued on a preferential basis. These new shares have been listed and admitted to dealings on the Exchange starting from November 28, 2025. The shares, identified under the symbol APOLLO and series EQ, have distinctive numbers ranging from 333532455 to 335639648. A key detail for investors is that these specific shares are subject to a lock-in period extending up to May 31, 2026. This listing expands the company's total tradable equity and reflects the realisation of capital from the warrant conversion.

Additionally, AMS, IIT-Chennai and the Indian Navy (DGNAI) have signed a tri-party MoU to accelerate indigenous Defence technology development, directly supporting the 'Aatmanirbhar Bharat' initiative. This strategic alliance, exchanged at Swavalamban 2025, leverages IIT-Chennai for research, AMS for technology development and manufacturing, and the DGNAI for operational expertise and testing. The goal is to innovate in critical high-technology areas like Electronic Warfare and precision systems to achieve self-Reliance and meet the operational challenges of the Armed Forces.

Furthermore, the board has allotted 1,21,47,964 equity shares of Re 1 each on November 26, 2025, following the conversion of an equal number of warrants issued on a preferential basis. This conversion was triggered by the company's receipt of the balance "Warrant Exercise Price," totalling Rs 103.86 crores, from six allottees, including members of the Promoter Group and a Whole-Time Director. Consequently, the company's issued and paid-up share capital has increased from ₹34,22,43,736 to Rs 35,43,91,700, with the new shares ranking pari passu with the existing equity shares.

About the Company

Apollo Micro Systems Limited, a 40-year-old pioneer in defence technology, specialises in the design, development, and manufacture of advanced electronic, electro-mechanical, and engineering systems. With multi-domain, multidisciplinary capabilities and robust infrastructure, the company is equipped to build cutting-edge defence technologies and produce them at scale for national strategic needs

Apollo Micro Systems Limited (APOLLO) announced its Q2FY26 standalone and consolidated results, showing exceptional momentum. The company delivered a historic high quarterly Revenue, surging 40 per cent YoY to Rs 225.26 crore, up from Rs 160.71 crore in Q2FY25, driven by robust order execution. Operational excellence was clear as EBITDA grew 80 per cent to Rs 59.19 crore, with the margin expanding by 600 basis points to 26 per cent. This translated strongly to the bottom line, with Profit After Tax (PAT) soaring 91 per cent YoY to Rs 30.03 crore, and the PAT margin improving to 13.3 per cent. These results underscore the company’s strategic focus and its strengthened position in the defence ecosystem, bolstered by investments in indigenous technologies and alignment with national priorities like Atmanirbhar Bharat.

Beyond the financial achievements, Apollo Micro Systems marked a significant step toward becoming a fully integrated Tier-1 defence OEM with the acquisition of IDL Explosives Ltd. This move expands both manufacturing capabilities and the solutions portfolio across India's defence supply chain. Looking ahead, the company forecasts strong organic growth, expecting core business revenue to grow at a CAGR of 45 per cent to 50 per cent over the next two years. Recent geopolitical events have further accelerated demand for their indigenous defence solutions, with several systems successfully tested. Apollo Micro Systems remains focused on innovation, precision delivery, and strategic partnerships, actively shaping India’s self-reliant and technologically advanced defence infrastructure.

The company is part of the BSE Small-Cap Index, with a market cap of over Rs 8,800 crore. The stock gave multibagger returns of 920 per cent in just 3 years and a whopping 2,150 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.