Apollo Micro Systems Limited — Important, 28-01-2025: Updates

A corrigendum has been issued to the Notice of the Extraordinary General Meeting (EGM) of Apollo Micro Systems Limited to provide additional details regarding a proposed Preferential Issue, following requests from the NSE and BSE. The EGM is scheduled for February 4, 2025. Key changes include the removal of a statement concerning potential modifications to the utilization of issue proceeds and the addition of specifics about an investment in Apollo Defence Industries Private Limited, aimed at business expansion and R&D in aerospace and defence applications. The company plans to use proceeds for internally identified projects while adhering to applicable regulations, with an intention to invest temporarily in safe instruments until they are fully utilized. Notably, the promoter group and key managerial personnel will not participate in the equity shares under the Preferential Issue except for certain convertible equity warrants. This corrigendum will be available on the official websites of the exchanges and the company.