July 24, 2026: Defence electronics company Apollo Micro Systems Limited has received trading approvals from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for equity shares issued following the conversion of preferential warrants.

Author: Aadarsh Patel | EQMint

According to the company’s regulatory filing, the newly issued shares have been listed and admitted for trading on both exchanges with effect from July 23, 2026. The approvals cover equity shares allotted to non-promoter investors through conversions completed during June 2026.

1.43 Crore Equity Shares Approved for Trading

The approvals relate to three separate allotments made after the conversion of convertible warrants:

• 33,85,362 equity shares allotted on June 8, 2026
• 87,65,615 equity shares allotted on June 17, 2026
• 21,43,095 equity shares allotted on June 23, 2026

Together, these allotments account for 1,42,94,072 equity shares, all of which are now eligible for trading on the NSE and BSE.

Issued at ₹114 Per Share

The filing states that the shares were issued pursuant to the conversion of preferential warrants at an issue price of ₹114 per equity share, comprising a face value of Re. 1 and a premium of ₹113. The shares rank pari passu with the company’s existing equity shares, giving them the same rights as other listed shares.

Lock-in Period Until January 2027

Apollo Micro Systems also confirmed that all the newly listed equity shares remain subject to a lock-in period until January 23, 2027 in accordance with applicable regulations governing preferential allotments.

What This Means for Investors

The listing approval completes the regulatory process for the preferential allotment and enables the converted equity shares to trade freely on the stock exchanges, subject to the applicable lock-in restrictions.

Preferential issues are commonly used by listed companies to raise capital from strategic investors, strengthen their balance sheet, or fund expansion initiatives. After warrant holders exercise their conversion rights, exchanges must approve the listing before the new shares become tradable.

Apollo Micro Systems Strengthens Capital Base

Apollo Micro Systems has been expanding its presence in India’s defence electronics sector through investments in indigenous technologies and manufacturing capabilities.

The listing of the converted shares increases the company’s paid-up equity base and completes another phase of its capital-raising programme.

Key Highlights

• NSE and BSE approved the listing of 1,42,94,072 equity shares.
• Shares were issued following the conversion of preferential warrants.
• Trading commenced on July 23, 2026.
• Shares were issued at ₹114 per share.
• The newly listed shares remain under lock-in until January 23, 2027.

FAQs

How many shares received trading approval?

A total of 1,42,94,072 equity shares received trading approval from the NSE and BSE.

Why were these shares issued?

The shares were issued after the conversion of preferentially allotted convertible warrants held by non-promoter investors.

When did trading begin?

The newly issued equity shares were admitted for trading from July 23, 2026.

Is there a lock-in period?

Yes. The shares are subject to a lock-in until January 23, 2027.

For more such information visit EQMint

Join our Whatsapp channel for timely updates: Whatsapp

Disclaimer: This article is not an investment advice and is for educational purpose only.