Apollo Micro Systems Limited's Board of Directors met on 6th July 2026 and approved several significant capital-related proposals pursuant to Regulation 30 of SEBI Listing Regulations.
The Board approved increasing the company's Authorized Share Capital from the existing ₹45,00,00,000 (Rupees Forty Five Crores Only) divided into 45,00,00,000 equity shares of ₹1 each to ₹63,00,00,000 (Rupees Sixty Three Crores Only) divided into 63,00,00,000 equity shares of ₹1 each. This represents an increase of ₹18,00,00,000 (Rupees Eighteen Crores Only) through the addition of 18,00,00,000 equity shares.
The Board approved a preferential issue of up to 2,28,30,902 (Two Crores Twenty Eight Lakhs Thirty Thousand Nine Hundred and Two) equity shares of face value ₹1 each at a price of ₹416.60 per share (including premium of ₹415.60 per share). This issuance will raise ₹951,13,53,825 (Rupees Nine Hundred and Fifty One Crores Thirteen Lakhs Fifty Three Thousand Eight Hundred and Twenty Five) from 55 non-promoter investors identified in Annexure I.
Additionally, the Board approved issuing up to 5,69,15,380 (Five Crores Sixty Nine Lakhs Fifteen Thousand Three Hundred and Eighty) convertible equity warrants at a price of ₹416.60 each, aggregating to ₹2371,09,47,329 (Rupees Two Thousand Three Hundred Seventy One Crores Nine Lakhs Forty Seven Thousand Three Hundred Twenty Nine). These warrants are convertible into one equity share each within 12 months from allotment date. 25% of the total issue size will be payable upfront. The warrants will be issued to promoter group and 93 other entities as detailed in Annexure II.
The Board appointed Acuité Ratings & Research Limited as the monitoring agency to monitor the use of proceeds from the preferential issue.
Several authorizations were approved subject to shareholder approval at the ensuing general meeting:
- Authorization to borrow monies exceeding Paid-Up Share Capital, Free Reserves and Securities Premium under Section 180(1)(c) of Companies Act, 2013
- Authorization to create security under Section 180(1)(a) of Companies Act, 2013
- Authorization to give Loans and Guarantees to any bodies corporate(s)/other persons and make investments under Section 186 of Companies Act, 2013
The Board scheduled an Extraordinary General Meeting on Tuesday, 4th August 2026 through video conferencing/audio-visual means and appointed Ms. Sridevi Madati (M/s. MNM & Associates) as Scrutinizer for the e-voting process.
Tuesday, 28th July 2026 was fixed as the cut-off date for determining eligibility of members to vote at the EGM.
The Board meeting commenced at 04:30 PM on 6th July 2026 and concluded at 12:05 AM on 7th July 2026.
Annexure Details
Annexure I (Equity Shares): Lists 55 non-promoter investors including Saint Capital Fund (50,00,000 shares), Nautilus Private Capital LTD (25,00,000 shares), Maestro Emerging Fund PCC (25,00,000 shares), Robust Knights Fund (25,00,000 shares), M7 global fund (25,00,000 shares), Tata Mutual Fund (12,00,000 shares), and various other institutional and individual investors.
Annexure II (Convertible Warrants): Lists 93 allottees including Opal Global Diversified Fund Limited (1,20,00,000 warrants), Cullinan Opportunities (45,00,000 warrants), Nautilus Private Capital (25,00,000 warrants), and promoter entities Chanakya Reddy Baddam (1,30,50,000 warrants) and Kanishka Reddy Baddam (1,30,50,000 warrants).