Apollo Micro Systems Limited has informed the Exchange regarding Appointment of G H Reddy cost auditor as Other of the company w.e.f. May 18, 2026.
APOLLO · price
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Apollo Micro Systems reported strong audited financial results for FY26 ended March 2026. Standalone revenue grew 36% to Rs. 76,485.32 lakhs while PAT surged 111% to Rs. 12,057.88 lakhs. Consolidated revenue reached Rs. 90,432.38 lakhs with PAT of Rs. 10,738.01 lakhs. The board approved re-appointment of M/s G H Reddy & Associates as Cost Auditors and M/s E Sateesh Reddy & Associates as Internal Auditors for FY26-27. Ms. Rukhya Parveen resigned as Company Secretary effective May 31, 2026, and Mr. G. Seshadri Vasan will take over from June 1, 2026. The board recommended a final dividend of Rs. 0.25 per share. Key developments include acquisition of IDL Explosives Limited for Rs. 10,700 lakhs in November 2025, and issuance of share warrants with significant conversion to equity shares.
The company delivered exceptional growth with PAT more than doubling year-on-year, driven by the IDL Explosives acquisition. The seamless Company Secretary transition and auditor re-appointments suggest stable governance. The modest dividend reflects retention of capital for growth, while share warrant conversions have increased equity base.