1:10 Split: Rs 106 Defence Stock Issues Update On Warrants, Shares Rise 222% In 1-Yr

Board of Directors of small cap company from Aerospace & Defence sector Apollo Micro Systems Ltd on May 3 approved allotment of 1.65 crore equity shares on conversion of equivalent convertible warrants. Apollo Micro Systems shares declined 14% in last 3-months and offered return of 222% in last 1-year. Last trading price of Apollo Micro Systems share on BSE is Rs 106.60 per share. Apollo Micro Systems has a market capitalisation of Rs 3009.95 crore. More details below:

Apollo Micro Systems Gives Nod To Allotment Of 1.65 Crore Equity Shares: As per the BSE filing of the company dated May 3, "this to inform you that upon receipt of an amount aggregating to Rs. 23,02,58,700 (Rupees Twenty-Three Crores Two Lakhs Fifty-Eight Thousand Seven Hundred only) as "Warrant Exercise Price" and duly signed application forms from the below listed warrant holder, as per the terms of issue of Warrants, the Securities Allotment Committee of the Board of Directors of the Company, has on 03rd May, 2024, considered and approved the allotment of 1,65,06,000 (One Crore Sixty Five Lakhs Six Thousand Only) Equity Shares of Re. 1/- each, upon conversion/ exchange of/for such number of Warrants, as per the details given in Annexure-1."

Consequently, the issued and paid up capital of the Company stands increased to Rs 29,88,64,860/- consisting of 29,88,64,860 equity shares of Re. 1/- each, added the BSE filing.

Apollo Micro Stock Split History: Apollo Micro Systems Ltd split the face value one time since May 4, 2023. Apollo Micro Systems last split the face value of its shares from Rs 10 to Re 1 in 2023. The share has been quoting on an ex-split basis from May 4, 2023, as per Trendlyne data.

Apollo Micro Systems Dividend History: It has announced 5 dividends since November 15, 2018. In last 1-year, Apollo Micro Systems announced an equity dividend amounting to Re 0.02 per share. At the current share price of Rs 106.6000, Apollo Micro Systems offers a dividend yield of 0.02%.

Apollo Micro Systems Stock Performance & Return: The 52-week high price of Apollo Micro Systems share on BSE is quoted at Rs 161.75 per share and 52-week low price is quoted at Rs 24.63 per share, respectively. Apollo Micro Systems shares offered return of 147% in last 6-months, surged 371% in last 1-year, rose 1057% in last 2-years, and rallied 1186% in last 3-years.

Apollo Micro Systems Financials: The company for the quarter ended December 31, 2023 declared its net profit at Rs 6.60 crore, as per the BSE filing. Total income soared to Rs 91.84 crore for the December 2023 quarter from Rs 82.69 crore in the corresponding quarter of last year. The expense came at Rs 77.46 crore for the quarter under review as compared to Rs 71.73 crore in the similar quarter of last year.

The company stated it has incorporated a new subsidiary Apollo Defence Industries Private Limited on 21 September 2023 and holds 76% control in the subsidiary. The new subsidiary was considered for consolidation of the quarter and the period ended 31 December 2023.

Earlier on February 19, Apollo Micro Systems held foundation stone laying and groundbreaking ceremony for integrated plant for Ingenious Defence Systems (IPiDS).

Apollo Micro Systems About: It was established in 1985 and emerged a pioneer in Design, Development and assembly of Custom-Built Electronics and Electro-mechanical solutions. AMS offers solutions based on state of the art technologies for Aerospace, Defense & Space as primary customers and also caters solutions for Railways, Automotive and Home Land Security markets, according to its official website.

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