Apollo Micro Systems increases capital with Rs 11.11 lakh warrant conversion

Yash Agarwal — Tue, 12 May 2026 12:54:05 +0000

Apollo Micro Systems has announced the allotment of 13,000 equity shares following the conversion of warrants, as per its latest regulatory filing. This development comes after the company received ₹11,11,500 as the warrant exercise price from Ms. Lata Dhiraj Shah. The conversion was approved by the Securities Allotment Committee of the company’s Board of Directors on 12th May 2026.

The equity shares, each with a face value of Re. 1, were issued upon the conversion of an equal number of warrants. This transaction has increased Apollo Micro Systems‘ issued and paid-up share capital to ₹35,73,05,440, comprising 35,73,05,440 equity shares of Re. 1 each. The newly allotted shares will rank pari passu with the existing equity shares of the company.

The warrants, initially allotted on a preferential basis on 2nd June 2025, were part of a larger issuance of 3,80,67,058 warrants. So far, 2,37,72,986 of these warrants have been converted into equity shares. The issue price for each warrant was set at ₹114, with ₹85.50 payable upon conversion, representing 75% of the issue price.

According to the terms of the issuance, if a warrant holder does not exercise their warrants within 13 months from the date of allotment, the warrants will lapse, and any amount paid will be forfeited by the company.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Lata Dhiraj Shah | Business Upturn

Apollo Micro Systems increases capital with Rs 11.11 lakh warrant conversion