This is a regulatory disclosure filed with the National Stock Exchange of India Limited and BSE Limited regarding the status of an open offer made by Apollo Micro Systems Limited (AMSL) for the acquisition of shares in Premier Explosives Limited (PEL).
The disclosure states that the open offer was made pursuant to a Share Purchase Agreement dated 9 July 2026. The offer was for the acquisition of 1,39,77,600 equity shares, representing 26% of the equity share capital of Premier Explosives Limited from its public shareholders.
The open offer period ran from 12th October 2026 to 26th October 2026. The offer was oversubscribed by 1.41%.
A total amount of ₹986.35 Crores, corresponding to the acquisition value of 1,39,77,600 shares, has been deposited into a special escrow account maintained with State Bank of India. This escrow account was specifically opened for the purpose of making payments to the public shareholders of Premier Explosives Limited who tendered their shares in the open offer.
The disclosure is made under reference to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations).
The letter is signed by G. Seshadri Vasan, Company Secretary & Compliance Officer of Apollo Micro Systems Limited, and digitally dated 02 November 2026 at 07:55:04 IST.
#ApolloMicroSystems #PremierExplosives #OpenOffer #SEBIDisclosure #M&A #RegulatoryCompliance #Neutral