Allotment of equity shares by securities allotment committee upon conversion of warrants
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Micro Systems has allotted 13,000 equity shares of Re. 1 each to Ms. Lata Dhiraj Shah upon exercise of warrants. The conversion price was Rs. 85.50 per warrant (being 75% of the issue price of Rs. 114), aggregating to Rs. 11.11 lakh received as warrant exercise price. This is part of a larger preferential issue of 3.80 crore warrants allotted on June 2, 2025. Of these total warrants, 2.38 crore have already been converted, leaving approximately 1.43 crore warrants still outstanding. The company's paid-up capital has increased to Rs. 35.73 crore consisting of 35.73 crore shares.
Conversion of warrants increases outstanding shares, causing dilution for existing shareholders. The relatively small conversion (13,000 shares) has minimal immediate impact, but the large pool of remaining warrants (~1.43 crore) poses ongoing dilution risk if exercised within the 13-month tenure.