Apollo Micro Systems Allots 21.43 Lakh Shares on Warrant Conversion, Raises ₹18.32 Crore

The company received an aggregate ₹18.32 crore as the warrant exercise price, with each warrant converted into one equity share. Following the allotment, Apollo Micro Systems’ issued and paid-up equity share capital has increased to 37.15 crore equity shares, aggregating to ₹37.15 crore. The newly allotted shares will rank pari passu with the existing equity shares of the company.

As per the disclosure, Reena Karwa converted 15 lakh warrants, while Trikaya Wealth Advisors Pvt. Ltd. and Superstar Investments Pvt. Ltd. converted 5.40 lakh and 1.03 lakh warrants, respectively.

The warrants were originally allotted on a preferential basis in June 2025 as part of a larger issuance of 3.80 crore warrants to 30 allottees. The latest conversion was executed at an issue price of ₹114 per warrant, with ₹85.50 per warrant—representing the remaining 75% of the issue price—paid at the time of conversion.

The company further stated that, following this allotment, all 3.80 crore preferential warrants issued earlier have now been converted into equity shares, completing the warrant conversion process.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.