Appointment of M/s G H Reddy & Associates as Cost Auditors and M/s E Sateesh Reddy & Associates as Internal Auditors
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Micro Systems reported strong FY2026 results with standalone revenue of Rs. 76,485.32 lakhs (up 36% YoY) and standalone PAT of Rs. 12,057.88 lakhs (up 111% YoY). Consolidated PAT stood at Rs. 10,738.01 lakhs. The Board reappointed M/s G H Reddy & Associates as Cost Auditors and M/s E Sateesh Reddy & Associates as Internal Auditors for FY 2026-2027. Ms. Rukhya Parveen resigned as Company Secretary & Compliance Officer effective May 31, 2026, and Mr. G. Seshadri Vasan has been appointed to this role from June 1, 2026. The Board recommended a final dividend of Rs. 0.25 per share. The company also completed acquisition of IDL Explosives Limited for Rs. 10,700 lakhs in November 2025.
Strong financial performance with more than doubling of standalone profit reflects healthy operations. The resignation and immediate replacement of the Company Secretary (a KMP role) is a routine management transition but should be monitored for any undisclosed reasons. The dividend recommendation and auditor reappointments are standard governance practices.