The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Baddam Chanakya Reddy
APOLLO · price
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Baddam Chanakya Reddy, a member of the promoter group of Apollo Micro Systems Ltd, acquired 84,00,600 equity shares (2.37% of the company) on November 26, 2025 through a preferential allotment. Prior to this acquisition, he held no shares in the company. After the allotment, the total equity share capital of the company increased from 34,22,43,736 to 35,43,91,700 shares, indicating dilution for existing shareholders. The acquisition is being disclosed under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations.
This signals promoter group commitment and confidence in the company, though existing shareholders face dilution (~2.4%) due to the preferential allotment. The promoter group now has a direct 2.37% stake through this individual, which is generally viewed positively as it aligns promoter interests with shareholders.