Apollo Micro Systems Limited — Important, 21-03-2025: General Updates

Apollo Micro Systems Limited has announced a board meeting to approve the issuance of ₹50 crores in unlisted, secured, redeemable non-convertible debentures through private placement by its subsidiary, Apollo Defence Industries Private Limited. The funds will be used for business expansion via acquisitions. To support this, Apollo Micro Systems will provide a corporate guarantee of ₹50 crores to the debenture holders. This initiative aims to enhance the credit profile of the subsidiary, potentially boosting investor confidence and opening up growth opportunities while presenting a contingent liability for Apollo Micro Systems.