Apollo Micro Systems EGM Approves Preferential Issue & Capital Raise
Apollo Micro Systems Limited held an Extra-ordinary General Meeting (EGM) on August 4, 2026, where members approved several key resolutions. These include an increase in authorized share capital, a preferential issue of equity shares and convertible warrants to identified non-promoter persons and promoter group entities, authorization to borrow monies exceeding paid-up capital, and authorization to create security and make investments. The company also provided clarifications regarding the preferential issue, including the basis for price determination by a registered valuer and the intention of certain individuals to subscribe to the warrants. The voting results and scrutinizer's report are being submitted separately.
Key Highlights
- EGM approved preferential issue of equity shares and warrants.
- Authorized increase in share capital and borrowing limits.
- Clarifications provided on preferential issue pricing and subscription intent.
- Resolutions passed for creation of security and investments.
Price Impact
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