Apollo Micro Systems Allots 13,000 Equity Shares Through Warrant Conversion
Apollo Micro Systems Limited announced the allotment of 13,000 equity shares of Re. 1/- each. The allotment was approved by the Company’s Securities Allotment Committee on May 12, 2026, following the conversion and exchange of warrants issued to an allottee.The transaction follows an initial allotment of 3,80,67,058 warrants, each convertible into one equity share, on a preferential basis to 30 allottees.
The allotment of the 13,000 equity shares was approved after the receipt of funds aggregating to Rs. 11,11,500. This amount was received as the 'Warrant Exercise Price' from Ms. Lata Dhiraj Shah.
The conversion of warrants led to a material increase in the Company’s capital structure. Consequently, the issued and paid up capital of Apollo Micro Systems Limited stands increased to Rs. 35,73,05,440/-. This figure represents a total of 35,73,05,440 equity shares of Re. 1/- each. The newly allotted shares will rank pari passu with the Company's existing equity shares.
Details of Allotment
The key details regarding the allottee and the conversion of warrants are summarized below:| S.No | Name of the Allottees | No of warrants allotted | No of warrants applied for conversion | Warrant Exercise Price (Rs.) | No of equity shares allotted |
|---|---|---|---|---|---|
| 1 | Ms. Lata Dhiraj Shah | 2,50,000 | 13,000 | 85.5 | 13,000 |
Financial Summary of the Issue
The conversion of warrants was classified as a preferential issue. The allotment involved the exchange of 13,000 warrants for 13,000 equity shares at an issue price of Rs. 114.00 per share.The financial changes to the company’s capital are as follows:
| Detail | Value |
|---|---|
| Total Issued Shares Allotted | 13,000 Equity Shares of Re. 1/- each |
| Total Warrant Exercise Price Received | Rs. 11,11,500 |
| Pre-Allotment Paid-Up Capital | Rs. 35,72,92,440 |
| Post-Allotment Paid-Up Capital | Rs. 35,73,05,440 |
| Total Number of Investors | 1 |
The Company noted that out of the total 3,80,67,058 warrants due for conversion, 2,37,72,986 warrants have been converted into equity shares of face value of Re.1/- each.
APOLLO Stock Price Movement
Apollo Micro Systems Limited shares today slipped by 6.36% to settle at ₹294.85, shedding ₹20.20 in after-hours trading. The equity experienced high liquidity, recording a total traded volume of 10.60 million shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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