Apollo Micro Systems Limited has submitted clarifications to the National Stock Exchange regarding observations on its Extra-Ordinary General Meeting notice. The filing addresses disclosures for a proposed preferential issue involving 2,28,30,902 equity shares and 5,69,15,380 equity warrants.

The company responded to NSE letter No. NSE/LIST/56336, which raised queries on the explanatory statement and notice content. Apollo Micro Systems stated that it has incorporated the requisite corrections and clarifications into its relevant disclosures to ensure compliance with SEBI Listing Regulations.

Allottee Shareholding Details

The company enclosed Annexure-1, detailing the pre and post-issue shareholding pattern of the proposed allottees. The list includes institutional investors, funds, and individual subscribers, all categorized as non-promoters except for two promoter group entities receiving warrants.

Key institutional allocations include:

Promoter Group Participation

Two members of the promoter group are participating in the warrant portion of the issue. Chanakya Reddy Baddam and Kanishka Reddy Baddam are each set to receive 1,30,50,000 equity warrants. Their pre-issue holding stands at 84,00,600 shares each (2.261%), which will increase to a post-issue holding of 2,14,50,600 shares (4.809%) upon conversion.

Regulatory Compliance

The clarification was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Karunakar Reddy Baddam signed the digital submission dated September 22, 2026, confirming that the updated table showing the shareholding pattern has been taken on record by the stock exchanges.

Apollo Micro Systems has been awarded the Transfer of Technology (ToT) for the Semi Active Laser Homing System (SALHS). The announcement was made on September 16, 2026, during VIMARSH 2026 in New Delhi.

The award was presented in the presence of Defence Minister Rajnath Singh. This development strengthens the company's portfolio of indigenous precision-guided defence technologies. It supports its strategy to manufacture advanced mission-critical defence systems.

Strategic Milestone

The SALHS provides in-flight guidance to munitions towards laser-designated targets. The system detects reflected and scattered laser radiation from the intended target. This technology enables real-time course correction and enhanced target engagement.

The company highlighted that SALHS can be integrated into multiple missile and munition platforms. This expands its capabilities in missile warfare and precision-strike accuracy. The ToT arrangement is part of India's push for technological self-reliance in defence.

MIGM Programme Update

During the same event, Apollo Micro Systems held a handing-over ceremony for the Multi-Influence Ground Mine (MIGM), also known as Vighana. The Ministry of Defence has already accorded Acceptance of Necessity (AoN) for the programme.

The Defence Acquisition Council (DAC) approved the programme on July 3, 2026. The project is now entering the production phase. As an approved production agency under the Defence Corridor Production Policy (DcPP) by DRDO, the company will execute every aspect in-house. This includes fibers, electronics, and explosives, ensuring complete supply chain independence.

What the Numbers Show

The dual progress on both the SALHS ToT and the MIGM production phase indicates a broadening revenue base for Apollo Micro Systems. While the SALHS award represents a new technology acquisition with potential multi-platform integration, the MIGM approval signals immediate transition from development to manufacturing. This combination suggests a shift towards scaled indigenous production rather than solely R&D-driven growth.