Apollo Micro Systems Limited has informed the Exchange regarding Outcome of Board Meeting held on September 22, 2025.
APOLLO · price
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Awaiting price reaction for this filing.
Apollo Micro Systems has allotted 21,07,194 equity shares (face value Re. 1 each) after warrant holders exercised their conversion rights. This follows the earlier preferential allotment of 3,80,67,058 warrants made on June 2, 2025 to 30 allottees. The company received Rs. 18.02 crore as the balance warrant exercise price (Rs. 85.50 per warrant, the 75% tranche of the Rs. 114 issue price). With this conversion, the total paid-up equity capital has risen from Rs. 33.35 crore to Rs. 33.56 crore, consisting of 33,56,39,648 shares. The new shares will rank equally with existing shares. A total of 11 allottees, including individuals and an HUF, have converted their warrants in this tranche.
This is a routine partial conversion of previously allotted warrants and results in only a small (~0.63%) increase in the share count, so dilution is minimal. No fresh capital is being raised beyond what was already committed in June 2025, so there is limited direct impact on the stock price, though the remaining unconverted warrants could add more shares in the future.