ALPHA TRIBE

Apollo Micro Systems LimitedOthers, 28-07-2025: Monitoring Agency Report

28-07-2025 | 06:20 pm

Apollo Micro Systems' monitoring agency report confirms its preferential issue proceeds are being utilized as planned. The company raised INR 742.25 Cr by allotting equity shares and convertible warrants. In the latest quarter, INR 416.78 Cr of these funds were received, with INR 108.49 Cr already deployed for working capital. A balance of INR 308.29 Cr remains unutilized in a separate account, awaiting listing approvals from stock exchanges for the equity share component. This update assures investors funds are allocated in line with disclosed objectives.

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