June 09, 2026: Apollo Micro Systems Ltd. has strengthened its capital base after converting 33.85 lakh warrants into equity shares, raising ₹28.94 crore from investors. The company announced that its Securities Allotment Committee approved the allotment of 33,85,362 equity shares on June 8 following the receipt of the warrant exercise amount from six investors.
Author: Aadarsh Patel | EQMint
The investors who exercised their warrants include Rajesh Vanigota, Rajshri Karwa, Ashish Jain, Lata Dhiraj Shah, Piyush Bhupendra Gala and Ebisu Global Opportunities Fund Limited. Following the conversion, the company’s issued and paid-up share capital increased to 36.06 crore equity shares.
The warrants were originally issued on a preferential basis in June 2025. Under the terms of the issue, warrant holders were required to pay the balance exercise price before converting their warrants into equity shares.
In a separate development, Apollo Micro Systems also received trading approval from both NSE and BSE for 13,000 equity shares that were issued through preferential allotment. These shares have been admitted for trading from June 9, 2026.
The newly listed shares were issued at ₹114 per share, including a premium of ₹113, and will remain under lock-in until December 10, 2026.
According to the company, out of the total 3.80 crore warrants originally issued, more than 2.71 crore warrants have already been converted into equity shares. Any unexercised warrants after the prescribed period will lapse and the amount already paid will be forfeited.
EQMint Analysis on Apollo Micro Systems
The latest development reflects continued investor participation in Apollo Micro Systems’ preferential issue.
The biggest takeaway is the ₹28.94 crore capital inflow. Fresh capital provides additional financial flexibility and can support growth initiatives, working capital requirements, and business expansion plans.
At the same time, warrant conversions increase the total number of outstanding shares. Existing shareholders should keep dilution in mind while evaluating the impact on earnings per share and future valuations.
The fact that investors chose to convert warrants instead of allowing them to lapse suggests confidence in the company’s long-term prospects. Apollo Micro Systems has built a strong presence in the defence, aerospace and homeland security segments, sectors that continue to receive significant policy and budgetary support in India.
For investors, the focus now shifts from capital raising to execution. Future order wins, revenue growth and margin performance will determine whether the additional capital translates into stronger shareholder value.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
