EGM notice: preferential share issue, warrants and higher borrowing limit
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Micro Systems EGM on 4 Aug 2026 seeks shareholder approval for: (1) raising authorised share capital from Rs 45 Cr to Rs 63 Cr; (2) preferential issue of 2.28 crore equity shares to non-promoter investors at Rs 416.60 each, raising about Rs 951 Cr; (3) issue of 5.69 crore convertible warrants to promoters and others at Rs 416.60, potentially raising up to Rs 2,371 Cr if all are converted. Also seeks approval to borrow up to Rs 5,000 Cr and lend, invest or give guarantees up to Rs 7,000 Cr.
Large potential equity dilution from preferential shares and warrants; stock may see pressure near EGM. Shareholders should review allottee list and use of funds.