Apollo Micro Systems Allots 13,000 Shares on Warrant Conversion
Apollo Micro Systems allotted 13,000 equity shares to Ms. Lata Dhiraj Shah upon conversion of warrants, increasing paid-up capital to ₹35,73,05,440. The company received ₹11,11,500 as the warrant exercise price at ₹85.50 per share.
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apollo micro systems has allotted 13,000 equity shares of face value Re. 1 each following the exercise of warrants by an investor. The Securities Allotment Committee of the Board of Directors approved the allotment on May 12, 2026, upon receipt of the warrant exercise price and a duly signed application form from Ms. Lata Dhiraj Shah.
The allotment was made pursuant to the exercise of 13,000 warrants out of the 2,50,000 originally allotted to the investor. The company received an aggregate amount of ₹11,11,500 as the warrant exercise price. The newly issued shares rank pari passu with the existing equity shares of the company.
Allotment Details
The conversion of warrants has increased the issued and paid-up share capital of the company from ₹35,72,92,440 to ₹35,73,05,440. This capital now consists of 35,73,05,440 equity shares of Re. 1 each. The issue price for the warrants was ₹114 per warrant, with ₹85.50 payable upon conversion, representing 75% of the issue price.
| Particulars | Details |
|---|---|
| Type of Security | Equity Shares upon conversion of Warrants |
| Type of Issuance | Preferential Issue |
| Total Securities Issued | 13,000 Equity Shares |
| Face Value | Re. 1 each |
| Warrant Exercise Price Received | ₹11,11,500 |
| Post-allotment Paid-up Capital | ₹35,73,05,440 |
Investor Information
The allotment was made to a single investor, Ms. Lata Dhiraj Shah, who applied for the conversion of 13,000 warrants. Following this transaction, the investor continues to hold 27,000 warrants. The original warrant allotment to 30 allottees totaled 3,80,67,058 warrants, of which 2,37,72,986 have now been converted into equity shares.
Unexercised warrants will lapse if not exercised within 13 months from the date of their allotment, leading to the forfeiture of the amount paid by the warrant holders.
Historical Stock Returns for Apollo Micro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.39% | -2.30% | +31.44% | +9.34% | +129.53% | +2,826.72% |
With 27,000 warrants still held by Ms. Lata Dhiraj Shah and a 13-month expiry deadline approaching, what is the timeline for remaining warrant conversions, and how might accelerated or delayed conversions impact Apollo Micro Systems' share price?
Given that only about 62% of the original 3,80,67,058 warrants have been converted so far, what would be the potential dilution impact on existing shareholders if all remaining warrants are exercised before expiry?
How might the forfeiture of unexercised warrants from any of the 30 allottees affect Apollo Micro Systems' capital structure and investor confidence in the company's growth prospects?
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