Date: 8th June 2026

Fundraising / Financing

Apollo Micro Systems Limited has completed the allotment of 33,85,362 equity shares of face value of Re. 1/- each through conversion of warrants issued on a preferential basis.

The warrant conversion was executed at an exercise price of ₹85.50 per warrant, resulting in total proceeds of ₹28,94,48,451 (Twenty Eight Crores Ninety Four Lakhs Forty Eight Thousand Four Hundred and Fifty One Only) received as Warrant Exercise Price.

The Securities Allotment Committee of the Board of Directors approved the allotment on 8th June 2026 upon receipt of the exercise price and duly signed application forms from the warrant holders.

Warrant Conversion Details

This conversion represents a partial exercise of the 3,80,67,058 warrants originally allotted on 2nd June 2025 to 30 allottees. With this conversion, the total number of warrants converted to equity shares now stands at 2,71,58,348 warrants.

The new equity shares allotted will rank pari passu with the existing equity shares of the company.

Allottee Details

Six warrant holders exercised their conversion rights:

  • Rajesh Vanigota: Converted 1,00,000 warrants to 1,00,000 equity shares
  • Rajshri Karwa: Converted 10,00,000 warrants to 10,00,000 equity shares
  • Ashish Jain: Converted 5,00,000 warrants to 5,00,000 equity shares
  • Lata Dhiraj Shah: Converted 7,000 warrants to 7,000 equity shares (retains 20,000 unconverted warrants)
  • Ebisu Global Opportunities Fund Limited: Converted 17,54,385 warrants to 17,54,385 equity shares (retains 82,45,615 unconverted warrants)
  • Piyush Bhupendra Gala: Converted 23,977 warrants to 23,977 equity shares

Capital Structure Impact

The issued and paid-up share capital of the company has increased from ₹35,73,05,440/- (consisting of 35,73,05,440 equity shares) to ₹36,06,90,802/- (consisting of 36,06,90,802 equity shares) as a result of this allotment.

Warrant Terms and Conditions

The original issue price of the warrants was ₹114.00 per warrant. The exercise price payable on conversion represents 75% of the original issue price per warrant.

Any unexercised warrants will lapse after 13 months from the date of allotment (which would be July 2026), and the amount paid on such unexercised warrants shall stand forfeited by the company.