Apollo Micro Systems Allots 87,65,615 Equity Shares Following Warrant Exercise
Apollo Micro Systems Limited has approved the allotment of 87,65,615 equity shares following the exercise of warrants on a preferential basis. The allotment was carried out by the Securities Allotment Committee of the Board of Directors on June 17, 2026.The transaction followed an initial intimation given by the company on June 2, 2025, regarding the issuance of 3,80,67,058 warrants, each convertible into one equity share with a face value of Re. 1/-.
Upon receipt of the Warrant Exercise Price totaling Rs. 74,94,60,082.50 (Rupees Seventy Four Crores Ninety Four Lakhs Sixty Thousand and Eighty Two Rupees and Fifty Paise Only), the company approved the conversion and allotment of the equity shares to three investors: Ms. Lata Dhiraj Shah, Mr. Srinivasa Reddy Akuri, and Ebisu Global Opportunities Fund Limited.
The allotted equity shares are valued at Re. 1/- each. These newly issued shares will rank pari passu with the company's existing equity shares.
Allotment Details
The details of the allotment and the respective warrants held by the investors are summarized below:| S.No | Name of the Allottees | No of Warrants Applied For Conversion | Warrant Exercise Price (Rs.) | Equity Shares Allotted (Re. 1/- each) |
|---|---|---|---|---|
| 1 | Lata Dhiraj Shah | 20,000 | 85.50 | 20,000 |
| 2 | Srinivas Reddy Akuri | 5,00,000 | 85.50 | 5,00,000 |
| 3 | Ebisu Global Opportunities Fund Limited | 82,45,615 | 85.50 | 82,45,615 |
| Total | 87,65,615 | 87,65,615 |
Impact on Capital Structure
The successful conversion of the warrants resulted in an increase in the company's issued and paid-up capital. The total issued and paid up capital of Apollo Micro Systems Limited increased to Rs. 36,94,56,417/-, comprising 36,94,56,417 equity shares of Re. 1/- each. This increase reflects the conversion from the previous paid-up capital of Rs. 36,06,90,802/-.The issuance involved a preferential issue wherein the warrant exercise price was set at Rs. 85.50 per convertible share, which is 75% of the issuer price per warrant.
APOLLO Stock Price Movement
Apollo Micro Systems Limited closed today by edging higher, gaining ₹2.25 or 0.52% to settle at ₹438.75.The company saw active trading throughout the session, with over 18.34 million shares changing hands in the post-market period.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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