Apollo Micro Systems Limited has announced the receipt of orders worth ₹50.97 crore from multiple private companies. The company had earlier disclosed these orders on February 10, 2025, and has now provided further details in its latest exchange filing.
Key Order Details
1. Order from Reliable Technosystems India Pvt. Ltd.
- Nature of Order: Manufacturing of electronic components
- Order Value: ₹11.69 crore
- Execution Timeline: 4 months from order receipt
- Key Terms:
- Supplies must adhere to purchase order specifications, including proper identification and required test certificates.
- Defective materials must be replaced at the supplier’s cost.
- Persistent quality or delivery failures may lead to penalties.
- Supplier must allow verification of processes by Reliable Technosystems, its customers, and regulatory authorities.
2. Order from Corporate Infotech Private Limited
- Nature of Order: Supply of IP CCTV Systems
- Order Value: ₹39.28 crore
- Execution Timeline: 3 months from order receipt
- Key Terms:
- Supplies must conform to approved specifications and quality standards.
- Purchaser reserves the right to inspect and reject non-conforming supplies.
- Supplier must maintain confidentiality and return proprietary materials upon request.
- Order may be terminated in case of material breaches or bankruptcy.
Both contracts were awarded by domestic entities and do not fall under related-party transactions.
Stock Market Implications
These fresh orders further strengthen Apollo Micro Systems’ order book, reinforcing its position in the electronic manufacturing and security systems sector. Investors will be closely watching the company’s execution and revenue recognition from these contracts.
Disclaimer
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