Apollo Micro Systems Limited — Others, 13-01-2025: Shareholders meeting

Apollo Micro Systems Limited has convened an Extraordinary General Meeting to address three key agenda items. First, the company seeks to increase its authorized share capital from ₹36 Cr to ₹45 Cr, facilitating further capital infusion. Second, it proposes a preferential issue of 3.29 crore equity shares at ₹114 each, totaling approximately ₹375.27 Cr, targeting identified non-promoter investors. Lastly, the company plans to issue 3.87 crore convertible equity warrants to both promoters and select non-promoter entities, also at ₹114 each, potentially raising ₹440.80 Cr. This move aims to bolster working capital, fund R&D, and support subsidiary investments, presenting a positive outlook for growth and overall financial health.