AMS Acquisition of Premier Explosives Not a CCI Combination

Apollo Micro Systems Limited (AMS) announced that the Competition Commission of India (CCI) has ruled that its acquisition of Premier Explosives Limited is not a notifiable combination. The CCI's order, dated September 22, 2026, confirms that Premier's turnover falls below the prescribed thresholds, making the transaction de minimis and exempt from CCI approval. AMS had filed the application as a precautionary measure. With this regulatory clarity, the open offer to Premier's public shareholders will proceed as per SEBI regulations, with a revised schedule to be announced. This acquisition is strategic for AMS, enhancing its missile technology capabilities and indigenous defence offerings.