Apollo Micro Systems Shares Rise After Warrant Conversion, Trading Approval; FY26 Revenue Jumps 61%
Apollo Micro Systems shares gained more than 2% in Tuesday’s trade after the defence and aerospace company announced key corporate developments, including the allotment of equity shares following warrant conversions...
Apollo Micro Systems shares gained more than 2% in Tuesday’s trade after the defence and aerospace company announced key corporate developments, including the allotment of equity shares following warrant conversions and trading approvals from stock exchanges.
In a regulatory filing, the company said that 13,000 equity shares issued upon the conversion of warrants have received trading approval from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The shares were allotted at ₹114 per share and rank pari passu with the company’s existing equity shares. Trading approval for these shares became effective on June 9.
The stock also reacted positively to the company’s announcement regarding the allotment of 33.85 lakh equity shares following the conversion of warrants. Apollo Micro Systems received ₹28.94 crore as warrant exercise consideration from select investors, including Ebisu Global Opportunities Fund, leading to the conversion.
