Apollo Micro Systems has significantly boosted its capital base by converting 1.21 crore warrants into equity shares at a conversion price of Rs 114 each, raising its paid-up capital to Rs 35.43 crore. This move follows the approval of a larger preferential issue comprising 3.80 crore warrants, of which 2.08 crore have been converted so far. The allotment involved six allottees, including promoter group members and directors, and the new shares hold equal rights in dividends and voting, causing a 3.43% dilution in equity. Alongside this capital raise, Apollo Micro Systems secured two important orders worth Rs 27.37 crore from the Defence Research and Development Organisation (DRDO) and a private firm, further reinforcing its position in the defense sector. The stock has shown impressive growth, with returns exceeding 980% over three years and a notable price rally of 147% in 2025 alone, underpinned by strong earnings and strategic order wins. The capital raised through the preferential issue and warrant conversion is being primarily utilized for working capital, research and development, and corporate purposes, confirming the company’s focus on innovation and high-technology growth. The company’s total assets also rose by 35.9% year-over-year to Rs 1,299.5 crore. Apollo Micro Systems continues to demonstrate strong momentum amid a competitive defense market landscape.