Regulatory18 May 2026, 03:42 pm
Apollo Micro Systems: No Deviation in Preferential Issue Use
AI Summary
Apollo Micro Systems Ltd confirms no deviation in the use of proceeds from its Preferential Issue, as stated in the explanatory statement dated January 09, 2025. The ₹185.13 Crores received during the quarter ended December 31, 2025, representing 75% of warrant application monies, were utilized during the quarter ended March 31, 2026, in accordance with the stated objectives. The Audit Committee reviewed and approved the confirmation of no deviation.
Key Highlights
- Apollo Micro Systems confirms no deviation in use of preferential issue proceeds.
- ₹185.13 Crores utilized during quarter ended March 31, 2026, as per objectives.
- Audit Committee approved the confirmation of no deviation.
- Funds raised were allocated to working capital, R&D, subsidiaries, and general corporate purposes.
- Monitoring agency Acuite Ratings and Research Limited is applicable.
Price Impact
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