Apollo Micro Systems EGM Aug 4 for ₹3,322 crore raise

What the company told exchanges

Apollo Micro Systems Limited informed stock exchanges about the schedule of meetings, including an Extraordinary General Meeting (EGM) and a presentation to shareholders or analysts on August 4, 2026. The disclosures come alongside details of a large capital-raising plan cleared by the board at its meeting held on July 6, 2026. The fundraising is structured through a preferential issue of equity shares and convertible warrants, both priced at ₹416.60 per unit. The proposal is subject to shareholder approval at the upcoming EGM. The company also disclosed a cut-off date of July 28, 2026 for determining shareholders eligible to vote electronically.

Board decision: preferential issue of equity shares

At the July 6 board meeting, Apollo Micro Systems approved issuing up to 2,28,30,902 equity shares on a preferential basis. The issue price is ₹416.60 per equity share, including a premium of ₹415.60 per share (face value Re 1). The aggregate amount disclosed for the equity share component is ₹951.13 crore. The company later issued a corrigendum that revised the aggregate amount for this equity allotment to ₹951,13,53,773.20.

The preferential issue is proposed to be made to select non-promoter investors, as disclosed. Because this is a shareholder-sensitive transaction, the company has placed the proposal before shareholders at the EGM scheduled for August 4, 2026. The company stated the EGM will be conducted via video conferencing and other audio-visual means.

Warrant issue: larger tranche tied to promoters and investors

Along with equity shares, the board approved issuing up to 5,69,15,380 convertible equity warrants at ₹416.60 each. The aggregate amount disclosed for the warrants is up to ₹2,371.09 crore. In a subsequent corrigendum, the company stated the 56,915,380 warrants total ₹2,371,09,47,308.

As disclosed, the warrant issue is proposed to promoter group entities and certain identified non-promoter investors. Together, the equity and warrant tranches take the disclosed capital-raising plan to more than ₹3,322 crore.

Authorised share capital to be increased

To support the proposed issuance, Apollo Micro Systems approved an increase in authorised share capital. The board cleared a plan to raise authorised share capital from ₹45 crore to ₹63 crore. The company described this as moving from 45 crore equity shares of Re 1 each to 63 crore equity shares of Re 1 each. The change involves adding 18 crore equity shares ranking pari passu with existing equity shares.

This increase in authorised capital also requires shareholder approval. The company has therefore combined these approvals at the EGM scheduled for August 4, 2026.

EGM logistics: date, voting cut-off, and meeting format

Apollo Micro Systems stated that the EGM is scheduled for Tuesday, August 4, 2026. The meeting is planned through video conferencing and other audio-visual means. For voting eligibility, the cut-off date disclosed is July 28, 2026.

Separately, the “upcoming events” schedule also lists August 4, 2026 for an Extraordinary General Meeting and a presentation to shareholders or analysts. The company has also previously disclosed other meeting dates, including March 11, 2026, March 13, 2026, and March 16, 2026.

Monitoring agency: Acuité appointed

The company appointed Acuité Ratings & Research as the monitoring agency. The monitoring agency role is to oversee the use of proceeds from the proposed issuance, as disclosed.

Other corporate actions disclosed: trading window closure

Apollo Micro Systems also disclosed the closure of its trading window. The closure is effective from April 1, 2026, and the company stated it is in compliance with SEBI’s insider trading regulations. As disclosed, the trading window will remain closed until 48 hours after the announcement of the company’s audited financial results for the quarter and financial year ending March 31, 2026. During this period, insiders including directors and promoters are prohibited from trading in the company’s shares.

Listing approval for preferential shares issued earlier

In another disclosure, Apollo Micro Systems stated it received trading approval from both BSE and NSE for the listing of 11,696 equity shares. These shares were issued on a preferential basis at an issue price of ₹114 each, comprising Re 1 face value and ₹113 premium. Trading on the exchanges was stated to be effective from March 19, 2026.

Share purchase agreement to acquire Premier Explosives stake

Apollo Micro Systems also disclosed that it executed a Share Purchase Agreement (SPA) to acquire 2,22,21,735 equity shares of Premier Explosives Limited. The stake represents 41.33% of Premier Explosives’ share capital, as disclosed. The company’s exchange filing referenced this acquisition step as part of its corporate updates.

Stock and company snapshot based on disclosed figures

The disclosures included multiple price references. One data point states the share price of APOLLO as on July 13, 2026 is ₹401.80. Another snapshot lists a current price of ₹403 with a -1.47% move shown for July 13 close. The information provided also lists market cap at ₹14,970 crore, 52-week high/low at ₹467 / ₹162, stock P/E at 133, book value at ₹36.8, dividend yield at 0.06%, ROCE at 14.5%, ROE at 11.8%, and face value at ₹1.00.

Key facts table

Timeline of disclosed events

Why the approvals matter for investors

The preferential issue and warrant issuance materially expand the company’s capital structure and require shareholder consent. The authorised share capital increase is a prerequisite to accommodate the proposed issuance volumes. The appointment of a monitoring agency indicates formal oversight of the stated use of proceeds. For shareholders, the cut-off date and EGM format determine voting eligibility and participation logistics.

Separately, the SPA to acquire a 41.33% stake in Premier Explosives Limited signals a major inorganic move. While the disclosures cited the agreement and stake size, shareholders typically track how such transactions align with funding actions and subsequent regulatory and corporate approvals.

Conclusion

Apollo Micro Systems has scheduled an August 4, 2026 EGM to seek shareholder approval for a preferential issue of up to 2.28 crore equity shares and 5.69 crore warrants at ₹416.60 each, and for increasing authorised share capital to ₹63 crore. The company has also disclosed the July 28, 2026 cut-off date for voting eligibility and appointed Acuité Ratings & Research as monitoring agency. The next key milestone is the EGM outcome, since the proposed issuance is explicitly subject to shareholder approval.