Apollo Micro Systems allots new equity shares after warrant conversion

Apollo Micro Systems Limited has allotted 11,696 equity shares of Re. 1 each following the conversion of an equal number of warrants. This allotment was made to Piyush Bhupendra Gala, who exercised warrants previously issued on a preferential basis, contributing an additional Rs. 10,00,008 towards the warrant exercise price. This transaction, approved by the Securities Allotment Committee on December 22, 2025, aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The conversion has increased the company's issued and paid-up capital from Rs. 35,72,80,744 to Rs. 35,72,92,440, comprising 35,72,92,440 equity shares of Re. 1 each. The newly allotted shares will rank pari passu with existing equity shares. The issue price for these converted shares was Rs. 114.00 per warrant, with Rs. 85.50 (75% of the issuer price) payable upon conversion.

Out of 38,067,058 warrants initially due for conversion, 23,759,986 have now been converted into equity shares. Warrants not exercised within 13 months from their allotment date will lapse, and the amount paid by warrant holders will be forfeited by the company.