Apollo Micro Systems Limited — Important, 10-01-2025: General Updates

A corrigendum to the board meeting outcome has been issued, correcting errors in the proposed allotments of equity shares and convertible equity warrants. The number of equity shares allotted to PGIM India Equity Growth Opportunities Fund Series II is revised to 4,38,596 instead of 8,77,192, and for Raghav Investment Private Limited, it is corrected to 4,38,596 from 5,00,000. Additionally, a new proposal for the allotment of 5,00,000 equity shares to Ashish Jain has been included.

With these adjustments, the overall preferential issue will involve 3,29,18,806 equity shares, totaling approximately Rs. 375.27 Cr, and 3,86,67,059 convertible equity warrants, with an aggregate value of about Rs. 440.80 Cr. The issue price for both equity shares and warrants stands at Rs. 114 per unit. These developments may enhance investor engagement with the company’s equity offerings and are worth monitoring closely.