Apollo Micro Systems Acquires 26% Stake in Premier Explosives

Apollo Micro Systems Limited (Acquirer) has acquired 1,39,77,911 equity shares of Premier Explosives Limited (Target Company), representing 26.00% of the total paid-up equity share capital. This acquisition was made through an Open Offer following a Share Purchase Agreement to acquire 41.33% from existing promoters. The Open Offer closed on October 26, 2026, with payment made on November 4, 2026. The acquisition triggers SEBI (SAST) Regulations compliance. The remaining shares from promoters are yet to be consummated.