Premier Explosives: Independent Directors Recommend on Apollo Micro Systems Open Offer

The Committee of Independent Directors of Premier Explosives Limited has issued recommendations regarding the open offer made by Apollo Micro Systems Limited. Apollo Micro Systems is acquiring up to 1,39,77,911 equity shares, representing 26.00% of the total equity share capital, at a price of ₹698 per share plus applicable interest of ₹7.65 per share, totaling ₹705.65 per share in cash. This offer is being made to the public shareholders of Premier Explosives Limited. The recommendations were published in Business Standard (English and Hindi), Navshakti (Marathi), and Nava Telangana (Telugu) on October 2, 2026.