Apollo Micro Systems Ltd. , a key player in the defense technology sector, has emerged as the lowest bidder for defense orders worth ₹25.12 crores from the Defence Research and Development Organisation (DRDO) and Defense Public Sector Undertakings (PSUs). This development positions the company favorably to secure these significant defense contracts through the competitive bidding process.

Potential Contract Details

The potential contracts, totaling ₹25.12 crores, encompass orders from both DRDO and Defense PSUs. While specific details of the orders remain undisclosed, securing these contracts could substantially boost Apollo Micro Systems' order book and reinforce its position in the defense technology market.

Implications for Apollo Micro Systems

Being named the lowest bidder is a crucial step in the procurement process for defense contracts. It indicates that Apollo Micro Systems has offered the most competitive pricing while meeting the technical specifications required by DRDO and Defense PSUs. This achievement underscores the company's competitiveness in the defense sector and its ability to offer cost-effective solutions for critical defense technologies.

Company's Recent Engagements

In a separate development, Apollo Micro Systems has scheduled a meeting with investors and analysts. According to the company's recent disclosure to the stock exchanges:

The company has emphasized that discussions during this meeting will be based on publicly available information, and no unpublished price sensitive information (UPSI) is intended to be shared.

Looking Ahead

As Apollo Micro Systems awaits the final confirmation of these defense contracts, the company continues to engage with its stakeholders. The upcoming investor and analyst meeting, including a plant visit, suggests the company's commitment to transparency and its efforts to showcase its capabilities to the investment community.

The potential securing of these defense contracts, coupled with proactive investor relations, could signal positive momentum for Apollo Micro Systems in the defense technology sector. Stakeholders will be keenly watching for the final outcome of the bidding process and any subsequent impact on the company's performance and market position.

Apollo Micro Systems Limited has received a significant boost as it secures trading approval for 2.70 crore equity shares issued on a preferential basis. This development marks a notable expansion in the company's equity base and is expected to enhance its market presence.

Trading Approval Details

The National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) have granted trading approval for 2,70,42,894 equity shares of Rs. 1 each. These shares, issued on a preferential basis to non-promoters, are set to be listed and admitted for trading.

Share Specifics

Lock-in Period

Investors should note that these newly issued shares come with a lock-in period. The shares will remain locked-in until February 28, 2026, as per the regulatory requirements for preferential issues.

Listing Process

The company has successfully completed the necessary procedures for the listing of these additional shares. Apollo Micro Systems Limited's Company Secretary & Compliance Officer, Rukhya Parveen, confirmed the receipt of trading approvals from both NSE and BSE.

Market Impact

This preferential issue represents a significant addition to Apollo Micro Systems' equity base. The infusion of these new shares into the market may potentially impact the company's shareholding pattern and liquidity.

Investors and market participants are advised to take note of this development, as it may influence the trading dynamics of Apollo Micro Systems' shares in the coming days.

As always, stakeholders are encouraged to conduct their own research and consult financial advisors before making investment decisions based on this news.