Apollo Micro Systems Enters Agreement to Acquire 41.33% Stake in Premier Explosives Limited

Apollo Micro Systems Enters Agreement to Acquire 41.33% Stake in Premier Explosives Limited​

Hyderabad, Telangana - July 09, 2026 - Apollo Micro Systems Ltd has signed a definitive share purchase agreement with Premier Explosives Ltd for the acquisition of Promoter shares, representing a strategic move aimed at bolstering defence and space programmes in India. The transaction involves Apollo acquiring 41.33% of the promoter shares in Premier Explosives Limited (PEL) for approximately INR 1550 Crores, structured as an all cash deal.

The agreement brings the two companies together to combine complementary capabilities across defence systems and energetic materials. This synergy is expected to drive operational efficiencies, enhance research and development, and increase participation in national defence and space-related programmes.

"This acquisition strengthens our nation's defence manufacturing capability and deepens our sovereign expertise in energetic materials and space programmes," stated Mr Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems Ltd. He added that the move allows them to safeguard national security interests and support armed forces with greater scale and technological self-reliance.

Dr A N Gupta, Founder & Chairman of Premier Explosives Limited, commented on the significance of the deal for PEL and the AKS Family Trust. "We are proud of the strong legacy built under Dr. A. N. Gupta's leadership," he said, expressing confidence that Apollo Micro Systems is well positioned to lead the company’s next phase of growth and build a stronger indigenous defence ecosystem.

The transaction details and operational impact are outlined below:

Operational and Strategic Overview​

Upon the completion of the transaction, Premier Explosives Ltd will operate under the umbrella of Apollo Micro Systems Ltd but will continue operations using its existing brand name.

Apollo Micro Systems Limited is a 41-year-old pioneer in defence technology, specializing in the design, development, and manufacturing of advanced electronic, electro-mechanical, and engineering systems. The company operates with multi-domain and multidisciplinary capabilities, positioning itself as a Tier-I Original Equipment Design Cum manufacturer capable of building cutting-edge defence technologies at scale for national strategic needs.

Premier Explosives Ltd is identified as a leading manufacturer in high energy materials crucial for the defence, aerospace, and mining sectors. Furthermore, PEL conducts operation and maintenance (O&M) services for solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur.

Advisory Details​

Apollo Micro Systems Ltd was advised by Crawford Bayley & Co as legal counsel. For the AKS Family Trust (Promoters), Deloitte Touche Tohmatsu India provided advice as the exclusive Transaction advisor, while Pioneer Legal served as legal counsel.

PREMEXPLN Stock Price Movement​

Premier Explosives Limited closed today, rallying strongly as the stock settled at ₹714, marking a gain of 4.17%. The equity saw robust activity during the post-market session, with 1.48 million shares traded.