APOLLOBSEAPOLLO MICRO SYSTEMS LTDHighPositive
Announced Wed, 16 Sept, 2026 · 13:57 IST

Wins SALHS tech transfer award; MIGM mine programme moves to production

Govt Defence OrderRegulatory Product ApprovalBusiness Updates View source PDFExplain this filing

APOLLO · price

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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹386.80
prior close
₹366.05
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AI summary

Apollo Micro Systems received the Transfer of Technology for the Semi Active Laser Homing System (SALHS), a precision-guidance technology for munitions, at VIMARSH 2026 in the presence of Defence Minister Rajnath Singh. Separately, the MIGM (Vighana) under-water mine programme received DAC approval on 3 July 2026 and the Ministry of Defence's Acceptance of Necessity. Apollo is a DRDO-approved production agency for MIGM, which is now entering the production phase with full in-house execution.

Likely market impact

Strengthens defence tech portfolio with SALHS ToT award and advances MIGM to production, supporting long-term growth in India's defence ecosystem.