Apollo Micro Systems: Preferential Issue Plan for 2026

Key development and why it matters

Apollo Micro Systems Limited has outlined a fundraising plan after its board meeting held on July 6, 2026. The company said the board approved a preferential issue involving equity shares and convertible warrants, subject to shareholder approval. The same set of disclosures also confirms an Extraordinary General Meeting (EGM) on August 4, 2026, to seek members’ consent. Alongside the capital-raise proposal, the company plans to increase its authorised share capital from ₹45 crore to ₹63 crore.

The announcements matter for shareholders because a preferential issue and warrant conversion can change the company’s equity base over time. The EGM process, cut-off date, and appointment of a scrutinizer set the governance framework for voting and approvals. The company also appointed a monitoring agency to oversee the use of proceeds.

What the board approved on July 6, 2026

In its outcome of board meeting filing under Regulation 30 of the SEBI Listing Regulations, Apollo Micro Systems said the meeting was held at the company’s registered office on Monday, July 6, 2026. The board meeting commenced at 04:30 PM (IST) on July 6, 2026 and concluded at 12:05 AM (IST) on July 7, 2026.

The company stated this disclosure was in furtherance of an earlier intimation dated June 28, 2026. The filing lists key corporate actions including the EGM schedule, the cut-off date, and the appointment of a scrutinizer for e-voting. The disclosure also provided a contact reference for assistance, naming Mr. Dadu with phone numbers.

Preferential issue structure: equity shares and warrants

Apollo Micro Systems said its board approved the issuance of up to 2.28 crore equity shares and 5.69 crore convertible warrants. The issue price mentioned was ₹416.60 each. The company described this as a significant fundraising plan, although it did not disclose an aggregate amount in the provided text.

The structure combines immediate equity issuance with warrants that can convert into equity shares later, subject to the terms of the instruments and applicable approvals. Because warrants convert into equity, the overall equity base may expand over time if and when conversion happens. The company’s communication emphasised that the proposal is subject to shareholder approval.

Authorised share capital to rise to ₹63 crore

To facilitate the proposed issuance, Apollo Micro Systems said it will increase its authorised share capital. The authorised share capital is proposed to move from ₹45 crore to ₹63 crore.

Companies typically increase authorised share capital when they plan to issue additional shares beyond the current authorised limit. The increase itself does not issue new shares automatically, but it enables the company to issue securities if shareholders approve and other regulatory requirements are met.

Shareholder vote: EGM date, cut-off, and virtual format

Apollo Micro Systems stated that the proposal awaits shareholder approval at an Extraordinary General Meeting scheduled for Tuesday, August 4, 2026. The company said the EGM will be conducted through video conferencing and or other audio-visual means.

The cut-off date for determining shareholder eligibility for voting was fixed as Tuesday, July 28, 2026. The board also approved the appointment of a scrutinizer to oversee the e-voting process and provide a consolidated report on votes cast during the EGM and through remote e-voting in favour of or against the resolutions.

Scrutinizer appointment for e-voting

The company said it appointed Ms. Sridevi Madati (M No: F6476) (CP No: 11694), M/s MNM & Associates, Practicing Company Secretaries, Hyderabad as the scrutinizer. The stated purpose is to scrutinize the e-voting process in accordance with the Companies Act 2013 and the rules made thereunder.

This appointment is part of the procedural framework that supports shareholder voting, especially given that the meeting is proposed via video conferencing and audio-visual means. The disclosure indicates the scrutinizer will provide a consolidated report on the votes cast.

Monitoring agency to oversee use of proceeds

Apollo Micro Systems also said Acuité Ratings & Research has been appointed as the monitoring agency. The stated role is to oversee the use of proceeds.

Monitoring agencies are commonly appointed for certain fund-raising exercises to track and report on utilisation against stated objects. In this case, the company’s disclosure specifically names Acuité Ratings & Research for that function.

Other upcoming investor-facing events cited

The provided text also lists “Upcoming events” for Apollo Micro Systems Limited on August 4, 2026. Along with the EGM, it mentions a “Présentation aux Actionnaires / Analystes” on the same date.

Separately, the company communication references investor meetings in Hyderabad to discuss earnings, with dates mentioned as March 11, 2026; March 13, 2026; and March 16, 2026. Another line in the provided text says these meetings are scheduled for March 12, 2026 and will take place in Hyderabad. The company also intimated an Earnings Conference Call scheduled for Monday, February 9, 2026 at 6:00 PM IST.

Trading approval for 11,696 shares and effectiveness date

Apollo Micro Systems said it received trading approval from both BSE and NSE for the listing of 11,696 equity shares. The text states these shares were issued at Rs. 114 each and that trading on the exchanges is effective from March 19, 2026.

This disclosure relates to listing and trading permission for a specific quantity of shares and includes the effectiveness date. The provided text repeats that the trading approval was from both exchanges and that the effective date was March 19, 2026.

Stock snapshot and company profile data cited

The provided text includes market data points and a brief description of the company’s operations. It describes Apollo Micro Systems Ltd as a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions, and also describes it as a technology provider of mission-critical solutions for the defence sector across domains such as missile systems, satellite and space systems, naval systems, avionics, and homeland security.

It also cites the share price of APOLLO as ₹401.80 as on 13th July 2026, and separately shows ₹403 with a -1.47% move dated 13 Jul. The same set of figures includes market cap and other metrics.

Timeline of key dates and actions

The disclosures provide a clear set of dated milestones around governance, investor communication, and exchange approvals.

What investors may track next

The next formal step cited is the shareholder vote at the EGM on August 4, 2026. The outcome will determine whether the proposed issuance of up to 2.28 crore equity shares and 5.69 crore convertible warrants proceeds at ₹416.60 each. Investors may also track the company’s subsequent filings for the final EGM notice, resolution details, and any post-approval allotment or utilisation updates.

Given that Acuité Ratings & Research has been appointed as the monitoring agency, future disclosures may include reporting around the use of proceeds. Separately, governance items such as the scrutinizer’s consolidated voting report will form part of the formal record of shareholder approval.

Conclusion

Apollo Micro Systems has placed a preferential issue proposal before shareholders after board approval on July 6, 2026, along with a plan to raise authorised share capital from ₹45 crore to ₹63 crore. The EGM on August 4, 2026, with a voting cut-off date of July 28, 2026, is the key near-term event that will decide the proposal’s progress. The company has also set up process and oversight measures, including appointment of a scrutinizer for e-voting and Acuité Ratings & Research as monitoring agency. Investors will likely watch the EGM outcome and subsequent exchange disclosures for next steps.