AMS Okays Big Defence Deal With 100% Acquisition of IDL Explosives — A New Defence Giant Is Born

In accordance with the transfer of shares from GOCL Corporation Limited, the holding company of IDL Explosives Limited, to Apollo Defence Industries Private Limited, Apollo Micro Systems Limited (AMS) has declared that Apollo Defence Industries Private Limited has successfully acquired IDL Explosives Limited.

This relates to the earlier notification of May 2, 2025, about Apollo Defence Industries Private Limited, a company subsidiary, proposing to acquire IDL Explosives Limited. IDL Explosives Limited is now a step-down subsidiary of Apollo Micro Systems Limited following the conclusion of this corporate action.

Under the direction of Apollo Group, IDL Explosives Limited, which has a long history in India's mining and industrial sectors, will now embark on a transformative path. The acquisition supports India's defense project, Atmanirbhar.

This marks the beginning of Apollo Micro Systems Limited's next stage of development as a fully integrated multidisciplinary defense platform supplier, offering full solutions ranging from Weapon System Electronics to Complete Weapon System Complex.

Rourkela and several other places are home to IDL Explosives Limited's production plants. In the rapidly expanding Defense Explosive Sector, Apollo Group seeks to build and fortify the company in accordance with its strategic goals.

This acquisition marks the start of a strategic consolidation that is anticipated to start in Q3 FY2026. By adding the essential abilities of next-generation, high-end defense-grade explosives, propellants, and warhead systems to its strong expertise in Weapon System Electronics and Platforms, Apollo Group hopes to expand its presence in the defense industry.

Mr. Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems Limited said , "We are truly humbled to be chosen for this strategic acquisition amidst competition, and we pledge to uphold the legacy and value that IDL represents," Mr. Reddy stated.

"Building on 40 years of technological excellence we are poised to evolve into a multidisciplinary defence systems powerhouse to drive next-generation innovation," AMS said in a regulatory filing.

Apollo Micro Systems Ltd. has announced that its Board, in the meeting held on 19 November 2025, approved the allotment of 65,69,000 equity shares following the conversion of warrants previously issued on a preferential basis. This conversion-completed after receiving a warrant exercise price totalling Rs 56.16 crore-was carried out by three investors: Mr. Baddam Kanishka Reddy, Superstar Investments Pvt. Ltd., and Mr. Srinivasa Reddy Gangula, as detailed in the company's official filing.

The newly issued shares will rank pari passu with existing equity shares, and the company's paid-up share capital has grown to Rs 34.22 crore as a result of this allotment. The Board has also granted an extension for the conversion period of 2,93,55,776 pending warrants, giving holders until June 30, 2026.

Apollo Micro Systems Limited has released key business updates, stating that it has received fresh orders for INR 216 million from a private company and INR 57.69 million from DRDO, both of which were obtained within regular commercial operations. As a result, the company has received orders totaling INR 273.69 million, demonstrating strong business momentum and ongoing support from partners in the defense and private sectors.

Apollo Micro Systems Limited (AMS), a prominent technology supplier of high-performance, mission-critical solutions for the defense industry, was founded in 1985 and has its headquarters in Hyderabad.