Board Meeting7 Jul 2026, 07:30 am
Apollo Micro Systems Approves Capital Increase and Fundraise
AI Summary
Apollo Micro Systems Ltd announced that its Board of Directors, in a meeting held on July 6, 2026, approved a significant increase in authorized capital from ₹45 Crores to ₹63 Crores. The company also approved a preferential allotment of up to 2,28,30,902 equity shares at ₹416.60 per share, raising approximately ₹951.14 Crores. Additionally, up to 5,69,15,380 convertible warrants will be issued at ₹416.60 each, potentially raising up to ₹2371.09 Crores. Acuité Ratings & Research Limited has been appointed as the monitoring agency for the preferential issue proceeds. The board also authorized borrowing exceeding paid-up capital and reserves, subject to member approval.
Key Highlights
- Authorized capital increased from ₹45 Cr to ₹63 Cr.
- Preferential allotment of equity shares to raise ₹951.14 Cr.
- Issuance of convertible warrants to raise up to ₹2371.09 Cr.
- Acuité Ratings appointed as monitoring agency.
- Authorization sought for borrowing beyond paid-up capital.
Price Impact
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