Apollo Micro Systems to raise ₹3,322 crore in 2026

The announcement in brief

Apollo Micro Systems Limited has laid out a large capital-raising plan after its board meeting held on July 6, 2026. The company disclosed that the board approved a preferential issue involving equity shares and convertible warrants, which is subject to shareholder approval. An Extraordinary General Meeting (EGM) has been scheduled for Tuesday, August 4, 2026 to seek members’ consent on the proposals. The EGM will be conducted through video conferencing and or other audio-visual means, as per the notice and disclosures. The company also fixed a cut-off date for voting eligibility and appointed a scrutinizer to oversee the e-voting process. In the same set of disclosures, Apollo Micro Systems also indicated the appointment of a monitoring agency. The capital raise and the proposed increase in authorised share capital together make August 4 a key near-term date for investors tracking the company.

What the board approved on July 6, 2026

The board approved an increase in authorised share capital from ₹45 crore to ₹63 crore. The disclosure described the existing structure as ₹45 crore divided into 45 crore equity shares of Re 1 each. It also described the revised structure as ₹63 crore divided into 63 crore equity shares of Re 1 each. This change is proposed through the addition of 18 crore equity shares ranking pari passu with existing shares. Alongside this, the board approved a preferential issue of equity shares to select non-promoter investors. It also approved the issuance of convertible equity warrants to promoter group entities and certain identified non-promoter investors. Both the equity shares and warrants carry the same stated issue price.

Preferential shares: size, price, and stated proceeds

Apollo Micro Systems said the board approved the issuance of up to 2,28,30,902 equity shares on a preferential basis. The issue price mentioned was ₹416.60 per share, including a premium of ₹415.60 per share. The aggregate amount cited for this equity component was ₹951.13 crore (also reported as ₹951.14 crore in one snapshot). The company’s disclosures described these shares as being offered to select non-promoter investors. As with preferential issues, the company noted that the proposal is subject to shareholder approval.

Convertible warrants: size, price, and stated proceeds

The board also approved the issuance of up to 5,69,15,380 convertible equity warrants. The issue price cited for the warrants was ₹416.60 each. The aggregate amount cited for this warrant component was up to ₹2,371.09 crore. The disclosures stated that the warrants are to be issued to promoter group entities and certain identified non-promoter investors. Together, the equity and warrant issuances were described as a plan exceeding ₹3,322 crore, with the notice also referencing ₹3,322.23 crore.

EGM on August 4, 2026: format, timing, and cut-off date

Apollo Micro Systems stated that the proposal awaits shareholder approval at an Extraordinary General Meeting scheduled for Tuesday, August 4, 2026. The notice specified the EGM time as 11:30 A.M. (IST). The company said the EGM will be conducted through VC/OAVM, and the deemed venue will be the registered office at Plot No.128/A, Road No.12, IDA-Mallapur, Uppal Mandal, Hyderabad-500076, Telangana. The cut-off date for determining shareholder eligibility for voting was fixed as Tuesday, July 28, 2026. The company also disclosed that it approved the appointment of a scrutinizer to oversee e-voting and to provide a consolidated report on votes cast during the EGM and through remote e-voting. Along with the EGM, the documents also mention a “Présentation aux Actionnaires / Analystes” on the same date.

Scrutinizer and monitoring agency appointments

Apollo Micro Systems said it appointed Ms. Sridevi Madati (M No: F6476) (CP No: 11694) of M/s MNM & Associates, Practicing Company Secretaries, Hyderabad, as the scrutinizer. The scrutinizer’s role, as described, is to oversee the e-voting process and provide a consolidated report on votes cast for or against the resolutions. The company also said Acuité Ratings & Research has been appointed as the monitoring agency. These steps are typically disclosed as part of governance and compliance around shareholder voting and use of issue proceeds monitoring.

Stock snapshot and key market metrics cited

The data provided alongside the corporate actions showed Apollo Micro Systems at a current price of ₹394. One snapshot showed the stock down 1.92% at that price, while another showed a move of -₹3.40 (-0.86%) as on 09 Jul, 2026 at 09:29. The company’s market capitalisation was cited at ₹14,641.09 crore (also shown as ₹14,641 crore in summary form). The 52-week high/low were cited as ₹467 / ₹162. The stock P/E was cited as 130 (and also as 129.67 in the table). Book value was cited around ₹36.79-₹36.8, dividend yield at 0.06%, and ROCE around 14.47%-14.5%.

Fundraising plan at a glance

The capital raise comprises two instruments at the same issue price, and it is paired with a proposal to increase authorised share capital. The disclosures frame the overall fundraising plan as exceeding ₹3,322 crore, and the notice references ₹3,322.23 crore. The equity leg is directed to select non-promoter investors, while the warrants leg includes promoter group entities and certain identified non-promoter investors. The next decision point is shareholder approval at the August 4 EGM. The company’s filings also show that the EGM process is being set up with a voting cut-off date and third-party oversight.

Background: earlier shareholder meetings and investor communication

Apollo Micro Systems’ disclosures also include references to prior EGMs in earlier years, showing the company has used the VC/OAVM route for shareholder meetings. Separately, a letter dated June 11, 2026 referenced an analyst/institutional investor meeting scheduled for June 11, 2026. The company said the investor presentation for the quarter ended March 31, 2026, as intimated to exchanges on May 18, 2026, would be used for that meet, and that the presentation was available on the company website. While this investor communication is separate from the July 6 capital-raising approvals, it provides context that the company was already engaging with institutional participants ahead of the EGM timeline.

Market impact and why the EGM matters

The immediate market lens on the announcement is centred on the size of the proposed raise, the instrument mix (equity and warrants), and the proposed increase in authorised share capital. With the stock quoted around ₹394 in the provided snapshot and the preferential issue price cited at ₹416.60, investors are likely to track the detailed EGM notice and voting outcome closely. The EGM on August 4, 2026 is the formal step needed for shareholder approval of both the capital structure change and the preferential issuances. The company has also disclosed process details such as the July 28, 2026 cut-off date and the appointment of the scrutinizer, which sets expectations on the timeline for voting and reporting. Any progression from proposal to execution remains contingent on shareholders passing the resolutions.

Conclusion

Apollo Micro Systems has put a ₹3,322 crore-plus fundraising proposal in front of shareholders after the board’s July 6, 2026 approvals, along with a plan to raise authorised share capital from ₹45 crore to ₹63 crore. The next confirmed milestone is the EGM on Tuesday, August 4, 2026 at 11:30 A.M. (IST) via VC/OAVM, with July 28, 2026 as the cut-off date for voting eligibility. Shareholders’ voting outcome will decide whether the preferential issue of equity shares and convertible warrants can proceed on the terms disclosed.