Defence Electronics Firm Secures Trading Nod for 14.29 Million Preferential Shares After Warrant Conversion
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Apollo Micro Systems has secured NSE and BSE trading approvals for 1.43 crore equity shares issued at Rs 114 each upon warrant conversion, with the shares admitted to dealings from July 23, 2026, and subject to a lock-in until January 23, 2027.
✨ Key Takeaways
Apollo Micro Systems Limited has received approvals from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) to list and trade 1,42,94,072 equity shares issued upon conversion of convertible warrants under the preferential route.
The exchanges granted trading approvals on July 22, 2026, and the shares were listed and admitted to dealings with effect from July 23, 2026. The equity shares, each of face value Re. 1, were issued at Rs 114 per share, including a premium of Rs 113, and rank pari passu with the existing equity shares of the company.
The allotments were made to non-promoters across three tranches in June 2026. The largest tranche comprised 87,65,615 equity shares allotted on June 17, 2026, with distinctive numbers ranging from 360690803 to 369456417. A second tranche of 33,85,362 shares was allotted on June 8, 2026, bearing distinctive numbers 357305441 to 360690802. The third tranche included 21,43,095 shares allotted on June 23, 2026, with distinctive numbers 369456418 to 371599512.
Collectively, the three allotments total 1,42,94,072 equity shares and have been admitted in the EQ series on both exchanges. The equity shares are listed under the NSE symbol ‘APOLLO’ and the BSE scrip code ‘540879’, with ISIN INE713T01028.
The NSE, in separate communications referenced as NSE/LIST/56453, NSE/LIST/56454, and NSE/LIST/56455, confirmed that each tranche has been listed and admitted to dealings from July 23, 2026. The approvals follow the company’s application seeking listing of the further equity shares allotted pursuant to warrant conversion under the preferential issue framework.
As disclosed to the exchanges, the entire allotment of 1,42,94,072 equity shares is subject to a lock-in period up to January 23, 2027. The lock-in applies individually to all three tranches: 33,85,362 shares, 87,65,615 shares, and 21,43,095 shares, corresponding to their respective distinctive number ranges.
In its communication to the exchanges dated July 23, 2026, Apollo Micro Systems informed that trading approvals for the allotment of equity shares upon conversion of convertible warrants had been granted by NSE and BSE on July 22, 2026, and that the shares are listed and admitted to dealings effective July 23, 2026.
Management stated:
‘We request you to kindly take the above on record and bring to the notice of all concerned.
Thanking you,
Yours faithfully
For Apollo Micro Systems Limited
Karunakar Reddy Baddam
Managing Director
DIN:00790139’
With the completion of listing formalities, the newly issued equity shares are now available for trading on both NSE and BSE, subject to the specified lock-in conditions. The issuance increases the company’s listed equity base following the conversion of previously issued warrants into fully paid-up shares under the preferential route.
About the Company: Apollo Micro Systems Limited is a Defence electronics and electro-mechanical systems company engaged in the design, research, development, and supply of systems and components for missile programmes, underwater missile programmes, avionics systems, ship-borne systems, and submarine systems. Its customer base is concentrated in Indian defence and government-linked organisations, and in FY2024-25 the company reported consolidated revenue from contracts with customers of Rs 562.07 crore, predominantly from product sales.