Apollo Micro Systems Limited has filed its quarterly statement confirming no deviation in the utilization of proceeds from its preferential issue for the quarter ended December 31, 2025. The company submitted this compliance report to both BSE and NSE as required under SEBI regulations.

Fund Raising and Allotment Details

The Securities Allotment Committee of the Board of Directors completed a significant preferential allotment on June 2, 2025. The committee allotted a total of 6.51 crore securities on preferential basis to investors.

Quarter-wise Fund Utilization

The company received warrant application monies in two phases during recent quarters. For the quarter ended September 30, 2025, Apollo Micro Systems received Rs. 18,01,65,087 as 75% warrant application money for 21,07,194 share warrants. This amount was fully utilized during the quarter ended December 31, 2025, in accordance with the stated objects.

During the quarter ended December 31, 2025, the company received a substantially larger amount of Rs. 185,13,13,716 as 75% warrant application money for 2,16,52,792 share warrants across multiple dates in November and December 2025.

Fund Allocation and Current Status

The original fund allocation plan underwent revision due to a shortfall in total proceeds. The company had initially planned to raise Rs. 81,608.00 lakhs but revised the target to Rs. 74,225.00 lakhs, leading to proportional adjustments in object-wise allocations.

Regulatory Compliance and Monitoring

The company operates under the monitoring of Acuite Ratings and Research Limited as the designated monitoring agency. The Audit Committee has reviewed and approved the statement confirming no deviation in fund utilization. The company's compliance filing covers the period ending December 31, 2025, with fund raising activities occurring on multiple dates including November 12, 19, 26, December 2, and December 22, 2025.

The current quarter's proceeds of Rs. 185,13,13,716 remain unutilized as of December 31, 2025, specifically due to pending listing approval from the stock exchanges. This represents a temporary delay rather than any deviation from the intended use of funds, with the company maintaining its commitment to utilize proceeds according to the approved objects once regulatory approvals are obtained.

Apollo Micro Systems Limited has released its comprehensive company tear sheet, showcasing strong financial performance and strategic positioning in India's defence technology sector. The 41-year-old pioneer in defence technology has demonstrated consistent growth across key financial metrics while expanding its capabilities through strategic acquisitions.

Financial Performance Highlights

The company's financial trajectory reflects robust growth across multiple parameters. Apollo Micro Systems achieved significant milestone metrics during the 2021-2025 period, establishing itself as a leading player in the defence technology space.

The company's revenue from operations reached INR 5620.70 million in FY25, compared to INR 3716.30 million in FY24. EBITDA (excluding other income) grew to INR 1292.10 million in FY25, maintaining a healthy margin of 23%. Profit after tax demonstrated exceptional growth, reaching INR 563.60 million in FY25 with a PAT margin of 10%.

Recent Quarterly Performance

Apollo Micro Systems registered significant year-on-year improvements in Q3FY26, demonstrating accelerated growth momentum across key operational metrics.

Strategic Acquisition and Market Expansion

The company has completed a strategic acquisition through its subsidiary Apollo Defence Industries Pvt Ltd (ADIPIL), which acquired 100% of IDL Explosives Ltd. This acquisition significantly enhances Apollo Micro Systems' capabilities in explosive manufacturing and expands its geographical presence.

The acquired entity was previously part of GOCIL Corporation Limited (formerly Gulf Oil Corporation Limited), incorporated in 1961 as Indian Detonators Ltd. GOCIL operates as a Star House exporter of energetic and commercial explosive products to over 20 countries.

Product Portfolio and Market Position

Apollo Micro Systems specializes in multi-domain defence technologies, offering comprehensive solutions from systems and subsystems to complete weapons platforms. The company's product categories span various weapon systems including multi influence ground mines, limpet mines, anti submarine warfare rockets, moored mines, aerial bombs, and medium range rockets.

Investment Highlights and Competitive Advantages

The company maintains several distinctive market positions that strengthen its competitive advantage in India's defence sector:

• Only company in India offering underwater mines solutions
• Responsible for approximately 60% of electronics, electromechanical and mechanical systems in indigenized missile programmes
• Highest participation in Indigenous Missile programs of DRDO
• Only private public listed company with largest infrastructure including R&D capabilities
• R&D investment at 6% of revenue in FY25
• Credit rating upgraded to ACUTE A- (Long Term) and ACUTE A2+ (Short Term)

With an order book of INR 13050 million and headquarters in Hyderabad, Apollo Micro Systems continues to advance its position as a Tier-1 Original Equipment Design Cum manufacturer with explosive capabilities, serving India's strategic defence requirements.