Defence Company-Apollo Micro Systems Ltd approved the allotment of 35,088 equity shares to Mr Piyush Bhupendra Gala

Apollo Micro Systems Ltd informed that the Board of Directors approved the allotment of 35,088 equity shares of face value Re 1 each on November 12, 2025. This allotment was made to Mr Piyush Bhupendra Gala, a non-promoter, who converted 35,088 warrants into an equal number of equity shares upon payment of the balance "Warrant Exercise Price" aggregating to Rs 30,00,024 (or Rs 85.50 per warrant, which represents 75% of the total issue price of Rs 114 per warrant). This preferential issue conversion is in furtherance of the 3,80,67,058 warrants initially allotted on June 2, 2025.

Consequently, following this conversion, the issued and paid-up capital of the Company has increased from Rs 33,56,39,648 to Rs 33,56,74,736, now consisting of 33,56,74,736 equity shares of Re 1 each. The newly allotted shares, which were issued at a premium of Rs 113 per share, rank pari passu (equally) with the existing equity shares of the Company in all respects. The total issue price for each warrant/share was Rs 114. The Company noted that if any warrant holder fails to exercise their warrants within six months from the allotment date (June 2, 2025), the unexercised warrants will lapse, and the amount paid will be forfeited.

Earlier, the company received orders worth Rs 110.16 million from DRDO, Rs 225.71 million from the Defence Public Sector undertaking and Rs 5.08 million from Private Companies. The total orders received by the company amount to Rs 340.96 million.

About the Company

Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing and validating crucial electronics and electromechanical solutions for sectors such as Aerospace, defence and space. The company is renowned for its commitment to research and development, resulting in notable projects such as torpedo-homing systems and underwater mines.

Apollo Micro Systems Limited (APOLLO) announced its Q2 FY26 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 Q2 FY25, driven by robust order execution. Operational excellence was clear as EBITDA grew 80% 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 falls under the BSE Small-Cap Index with a market cap of over Rs 9,300 crore. The stock gave multibagger returns of 1,090 per cent in just 3 years and a whopping 2,300 per cent in 5 years.

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