A letter from Mr. Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems Limited, addressed to shareholders was filed with the exchanges. The communication provides key updates and developments concerning the company.
The letter frames the recent acquisition of Premier Explosives not merely as a legal transaction but as a strategic combination of two independent stories, each with its own heritage and expertise in India's defence ecosystem. The stated rationale is to create an enterprise with greater depth, capability, and responsibility to help shape India's journey towards self-reliance in defence manufacturing. The MD states that the acquisition brings experience, engineering excellence, and a legacy of contributing to India's strategic priorities.
Three major defence programme milestones were highlighted:
1. SAVIOR-ASW Autonomous Anti-Submarine Warfare Platform: The company received a Make-II Prototype Sanction Order from the Indian Navy for the development of this platform. This is characterized as a milestone that will shape the company's future.
2. IPREK - Indigenous Precision Range Extension Kit: The company was empaneled by the Indian Air Force as a Prime Development Agency for this programme. This empanelment is noted as a defining achievement of the year and a testament to the company's engineering capabilities and investment in indigenous technologies.
3. Safety & Detonation Device (SDD): The company successfully handed over its indigenously developed Safety & Detonation Device to the Indian Navy. This is described as an important step in the company's evolution, demonstrating its ability to develop and deliver highly specialised, safety-critical systems that meet stringent requirements.
The MD concludes by committing to disciplined execution, continuous innovation, and investment in people and technologies to support India's defence self-reliance vision and create value for stakeholders.
The filing was made pursuant to exchange regulations and was digitally signed by Managing Director Baddam Karunakar Reddy (DIN: 00790139) on 8th August 2026.