Laxmi India Finance Grants 4,11,857 Stock Options to Eligibl...
Source: scanx.trade
apollo micro systems has allotted 13,000 equity shares of face value Re. 1 each following the exercise of warrants by an investor. The Securities Allotment Committee of the Board of Directors approved the allotment on May 12, 2026, upon receipt of the warrant exercise price and a duly signed application form from Ms. Lata Dhiraj Shah.
The allotment was made pursuant to the exercise of 13,000 warrants out of the 2,50,000 originally allotted to the investor. The company received an aggregate amount of ₹11,11,500 as the warrant exercise price. The newly issued shares rank pari passu with the existing equity shares of the company.
Allotment Details
The conversion of warrants has increased the issued and paid-up share capital of the company from ₹35,72,92,440 to ₹35,73,05,440. This capital now consists of 35,73,05,440 equity shares of Re. 1 each. The issue price for the warrants was ₹114 per warrant, with ₹85.50 payable upon conversion, representing 75% of the issue price.
Particulars Details Type of Security Equity Shares upon conversion of Warrants Type of Issuance Preferential Issue Total Securities Issued 13,000 Equity Shares Face Value Re. 1 each Warrant Exercise Price Received ₹11,11,500 Post-allotment Paid-up Capital ₹35,73,05,440
Investor Information
The allotment was made to a single investor, Ms. Lata Dhiraj Shah, who applied for the conversion of 13,000 warrants. Following this transaction, the investor continues to hold 27,000 warrants. The original warrant allotment to 30 allottees totaled 3,80,67,058 warrants, of which 2,37,72,986 have now been converted into equity shares.
Unexercised warrants will lapse if not exercised within 13 months from the date of their allotment, leading to the forfeiture of the amount paid by the warrant holders.
Apollo Micro Systems Limited disclosed on May 8, 2026, that it has received new orders worth a total of Rs. 510.25 million. The orders were secured from the Ministry of Defence, Public Sector Defence Undertakings, and Private Companies as part of the company's ordinary business operations. The announcement was made in compliance with Regulation 30.
Order Breakdown
The company provided a detailed breakdown of the orders received from different entities. The Ministry of Defence contributed Rs. 174.78 million, while Public Sector Defence Undertakings accounted for Rs. 95.28 million. Private Companies placed orders worth Rs. 240.18 million, bringing the total to Rs. 510.25 million.
Orders From: Orders (Rs. Millions) Ministry of Defence 174.78 Public Sector Defence Undertakings 95.28 Private Companies 240.18 Total 510.25
Regulatory Compliance
The update was provided to inform shareholders and was submitted to both BSE Limited and the National Stock Exchange of India Ltd. The company's Managing Director, Karunakar Reddy Baddam, signed the disclosure digitally. The orders are expected to contribute to the company's business operations in the ordinary course.
Company Details
Apollo Micro Systems Limited is headquartered in Hyderabad, Telangana, with its registered office located at Plot No.128/A, Road No.12, IDA-Mallapur, Uppal Mandal. The company operates in the defence and aerospace sectors, providing solutions to both government and private clients.
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Source: scanx.trade
Source: The Economic Times