Apollo Micro Systems Limited — Others, 28-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

The company confirms there has been no deviation in the use of proceeds from its preferential issue. It allotted 2.70 crore equity shares and 3.81 crore convertible equity warrants. The company received Rs. 308.29 Cr for the equity shares and Rs. 108.49 Cr (being 25% of the warrant subscription amount). The Rs. 108.49 Cr from warrants has been fully utilized as per the stated objectives. The unutilized funds of Rs. 308.29 Cr are pending due to listing approval from the stock exchanges. This assures investors that capital is being deployed as planned.