Apollo Micro Systems Clarifies Court Ruling, Contract Award Upheld

Apollo Micro Systems Limited (AMS) has issued a clarification regarding a news item concerning a High Court judgment. The company states that the reference to a "₹1 bid" in the headline was inaccurate and not part of the court's judgment. The judgment was substantially in favor of AMS and the procuring authorities, rejecting prayers for tender cancellation and bidder disqualification. No lapses were established against AMS or DRDO/NSTL. The contract award and financial approval for AMS remain valid, subject to pre-award verification. The court upheld the tender conditions, bid opening, and evaluation, recognizing AMS's competitive bid basis. AMS highlighted its long-standing service to DRDO and its cost-effective solutions stemming from R&D and indigenous development, including pre-developed Underwater Mine technologies.