Apollo Micro Systems completes equity share allotment from warrant conversion

Apollo Micro Systems Limited announced the allotment of 12,147,964 equity shares, each with a face value of Re. 1, on November 26, 2025. This allotment resulted from the conversion of warrants exercised on a preferential basis by six warrant holders, including Baddam Kanishka Reddy and Baddam Chanakya Reddy from the promoter group, and others from the non-promoter group.

The company received an aggregate warrant exercise price of Rs. 1,038,650,922. As a result, the issued and paid-up share capital of Apollo Micro Systems has increased to Rs. 354,391,700, comprising 354,391,700 equity shares of Re. 1 each. The newly allotted shares will rank pari passu with existing equity shares.

Out of 38,067,058 warrants originally allotted, 20,859,246 warrants have been converted into equity shares. The remaining unexercised warrants will lapse after 13 months from the allotment date, with the paid amount being forfeited by the company. The issue price for these warrants was Rs. 114 per warrant, with Rs. 85.50 payable on conversion, representing 75% of the issue price.