Apollo Micro Systems Limited — Board Meeting, 10-01-2025: Outcome of Board Meeting

The Board of Directors of Apollo Micro Systems Limited has approved several key resolutions during their recent meeting. They have decided to increase authorized capital from ₹36 Cr to ₹45 Cr and approved the issuance of up to 33,418,806 equity shares at a preferential allotment price of ₹114 per share, totaling approximately ₹380.97 Cr. Additionally, they plan to issue 38,167,059 convertible warrants, aggregating up to ₹435.10 Cr. Acuité Ratings & Research Limited has been appointed as the monitoring agency for the proceeds from the preferential issue. An Extraordinary General Meeting is scheduled for February 4, 2025, to discuss these matters further.