Apollo Micro Systems Limited — Updates, 18-05-2026: General Updates

Apollo Micro Systems became a defense OEM in FY26. It acquired 100% of IDL Explosives, clearing debt and growing cash 5x. The company secured licenses for UAVs and missiles, targeting new platform opportunities. India aims for ₹300,000 Cr defense production by 2029, amidst USD 2.7 trillion global defense spending.