Apollo Micro Systems Ltd has informed stock exchanges that its board of directors will meet on July 6, 2026, to consider raising funds through the issuance of equity shares and/or convertible securities, including warrants, on a preferential basis.
According to the company’s regulatory filing, the board will also determine the issue price and other terms and conditions of the proposed fundraising, subject to applicable regulatory and statutory approvals, including shareholders’ approval where required.
The proposed preferential issue will be carried out in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Separately, the company said that the trading window for designated persons and their immediate relatives will remain closed from July 1, 2026, until 48 hours after the declaration of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
Apollo Micro Systems, a defence and aerospace electronics company, is expected to announce its June quarter earnings after the end of the trading window closure period.
The fundraising proposal will be closely watched by investors as the company outlines its capital-raising plans and potential deployment of the proceeds at the upcoming board meeting.