Apollo Micro Systems: FY26 Highlights & IDL Explosives Acquisition

Apollo Micro Systems Ltd issued a letter to shareholders from Managing Director Baddam Karunakar Reddy, highlighting key developments in FY 2025-26. The company emphasized its commitment to building indigenous defense capabilities and its transformation from a dependable supplier to an Original Equipment Manufacturer. Key achievements include a successful fund raise, greenfield expansion in Telangana, 100% acquisition of IDL Explosives, receipt of the first export order, a tri-party alliance with the Indian Navy and IIT-Chennai, an MoU with GRSE, and various industrial licenses. The acquisition of IDL Explosives is viewed as a strategic homecoming, providing a foundation for manufacturing high-energy military-grade explosives.