APOLLO MICRO SYSTEMS : STEP-DOWN SUBSIDIARY ACQUIRES 41.33% STAKE IN PREMIER EXPLOSIVES LIMITED

• Apollo Micro Systems (AMS) acquired 2,22,21,735 equity shares (41.33%) in Premier Explosives Limited (PEL) via a Share Purchase Agreement (SPA). • The deal value for the promoter shares is ₹1,550.00 Cr, subject to adjustments. • The acquisition includes control over PEL, triggering a mandatory open offer for up to 26% of public shareholders at ₹698 per share. • PEL reported a net worth of ₹29,042.78 Lakhs and turnover of ₹38,834.14 Lakhs as of March 31, 2026. • The acquisition aims to build an integrated defense platforms ecosystem under 'Aatmanirbhar Bharat' and 'Make in India' initiatives.

Apollo Micro Systems Ltd

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