Apollo Micro Systems Limited has approved a fundraising of up to ₹3,322.23 crore through a combination of a preferential issue of equity shares and convertible warrants.
The proposals were approved at the company's board meeting held on 6 July 2026 and remain subject to shareholder and regulatory approvals.
The board approved the issuance of up to 2,28,30,902 equity shares on a preferential basis at ₹416.60 per share, including a face value of ₹1 and a premium of ₹415.60.
The issue is expected to raise ₹951.14 crore (₹951,13,53,825) and will be allotted to 55 non-promoter investors, with the full issue price payable at the time of application.
The company also approved the issuance of up to 5,69,15,380 convertible warrants at ₹416.60 per warrant, aggregating ₹2,371.09 crore (₹2371,09,47,329).
The warrants will be allotted to 93 investors, including promoter group and non-promoter investors. Applicants will pay 25% upfront, and each warrant can be converted into one equity share within 12 months from the date of allotment.
To facilitate the proposed fundraising, the board approved increasing the company's authorised share capital from ₹45 crore to ₹63 crore.
The increase will be achieved through the creation of 18 crore additional equity shares of ₹1 each, taking the total authorised capital to 63 crore equity shares.
The company appointed Acuité Ratings & Research Limited as the monitoring agency for the utilisation of proceeds from the preferential issue.
The board also approved convening an Extraordinary General Meeting (EGM) on 4 August 2026 through video conferencing to seek shareholders' approval for the proposed resolutions, including matters relating to borrowings, creation of security and loans, guarantees and investments.
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As of 07 July 2026, at 11:42 AM, Apollo Micro Systems Limited share price was trading at ₹402.20 per share, reflecting a decline of 5.11% from the previous trading session.
The board has approved a combination of equity shares and convertible warrants to raise up to ₹3,322.23 crore, along with related corporate actions required to facilitate the issue.The proposals will now be placed before shareholders, with the company scheduled to hold its Extraordinary General Meeting on 4 August 2026.
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Published on: Jul 7, 2026, 1:09 PM IST
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