Outcome of Board Meeting

Date: 9th day of July 2026 The BSE Limited The Listing Department Phiroze Jeejeebhoy Towers The National Stock Exchange of India Ltd. Dalal Street Exchange Plaza, C-1, Block G, Mumbai- 400 001 Bandra- Kurla Complex Bandra (E), Mumbai- 400 051 Fax No.: 022- 22721919 Fax No.: 022-2659 8120 Scrip Code- 540879 Company Code- APOLLO Sub: Intimation under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that the Board of Directors of Apollo Micro Systems Limited (“Company”), at its meeting held on 9th day of July 2026, has executed a Share Purchase Agreement (“SPA”) with the promoter of Premier Explosives Limited (“Target Company”) for acquisition of acquisition of 2,22,21,735 (two crore twenty-two lakhs twenty one thousand seven hundred and thirty five) Equity Shares of face value INR 2/- (Indian Rupees Two), representing 41.33% (forty one point three-three percent) from its promoter shareholders for INR 1,550.00 Crores (subject to adjustments, if any, in accordance with the SPA). Pursuant to the proposed acquisition, the Company shall also acquire control over the Target Company. Consequently, in accordance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the Company shall make a mandatory open offer to the eligible public shareholders of the Target Company for the acquisition of up to 26% of the fully diluted voting equity share capital of the Company from the public shareholders (“Open Offer”). We also wish to inform you that the consummation of the transactions contemplated under the SPA is strictly conditional upon the receipt of mandatory regulatory and statutory clearances, including approvals from the Competition Commission of India and other conditions precedent as stipulated in the SPA, along with the completion of all compliance requirements mandated under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI SAST Regulations”). The requisite disclosure as required under Regulation 30 of the SEBI Listing Regulations read along with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure - ‘A’. Please take the same on your records and suitably disseminated at all concerned. The Board Meeting Started at 4.00 pm and concluded at 07.15 pm Thanking you, Yours faithfully, For Apollo Micro Systems Limited G Seshadri Vasan Company Secretary & Compliance Officer M.No.F11842 Apollo Micro Systems Limited Regd Office. Plot No.128/A, Road No.12, IDA-Mallapur, Uppal Mandal, Hyderabad-500076, Telangana, India Tel No:040-27167000-099, Fax No: 040-27150820 Mail: cs@apollo-micro.com, www.apollo-micro.com CIN:L72200TG1997PLC026556 Annexure A Sr. No. Particulars Details 1. Name of the target entity, details in brief Premier Explosives Limited (“PEL”) such as size, turnover etc. Brief details of its net worth, total assets as on March 31, 2026, and turnover for the year ended March 31, 2026, are set out below: Amount (Rs. in Lakhs) Net worth Turnover Total Assets 29,042.78 38,834.14 48,315.16 2. Whether the acquisition would fall within No, the transaction is not a related party transaction related party transaction(s) and whether and none of the promoter/ promoter group/ group the promoter / promoter group/ group companies have any interest in the entity being companies have any interest in the acquired entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”. 3. Industry to which the entity being PEL is engaged in the business of manufacturing solid acquired belongs propellants for missile programs and supplying countermeasure systems to the Indian defense, aerospace, and mining sectors. 4. Objects and effects of acquisition The acquisition of the Target Company is aligned with (including but not limited to, disclosure the Company's long-term strategic objective to build an of reasons for acquisition of target integrated, end-to-end indigenous defense platforms entity, if its business is outside the main ecosystem under the Government of India’s line of business of the listed entity Aatmanirbhar Bharat and Make in India initiatives. 5. Brief details of any governmental or The acquisition is subject to the approval of the regulatory approvals required for the Competition Commission of India under the acquisition Competition Act, 2002, compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, including the mandatory open offer, fulfilment of the conditions precedent under the SPA and such other approvals as may be applicable 6. Indicative time period for completion of Within 5 months the acquisition. The Open Offer shall be completed in accordance with the provisions of the SAST Regulations and CCI Compliance. 7. Nature of consideration – whether cash Cash consideration (by way of cheque or Bank consideration or share swap or any Transfer) other form and details of the same. 8. Cost of acquisition or the price at which At a consideration of INR 1,550.00 Crores for Promoter the shares are acquired Shares. The Open Offer is being made at INR 698 per equity share, which has been determined in accordance with SAST Regulations. Apollo Micro Systems Limited Regd Office. Plot No.128/A, Road No.12, IDA-Mallapur, Uppal Mandal, Hyderabad-500076, Telangana, India Tel No:040-27167000-099, Fax No: 040-27150820 Mail: cs@apollo-micro.com, www.apollo-micro.com CIN:L72200TG1997PLC026556 9. Percentage of Shareholding / control a. Up to 41.33% of the voting share capital, upon acquired and / or number of shares closing under the SPA; and acquired b. 26% of the voting share capital pursuant to the Open Offer, assuming full acceptance in the Open Offer. 10. Brief background about the entity The Target Company was incorporated on February acquired in terms of products/line of 14, 1980, under the Companies Act, 1956 and is in the business acquired, date of business of manufacturing solid propellants for missile incorporation, history of last 3 years’ programs and supplying countermeasure systems to turnover, country in which the acquired the Indian defense, aerospace, and mining sectors. entity has presence and any other The Company has operations in India. The turnover for significant information (in brief) the Company for last three years is provided below a. March 31, 2026: INR 38,834.14 b. March 31, 2025: INR 41,745.23 c. March 31, 2024: INR 27,171.67 Apollo Micro Systems Limited Regd Office. Plot No.128/A, Road No.12, IDA-Mallapur, Uppal Mandal, Hyderabad-500076, Telangana, India Tel No:040-27167000-099, Fax No: 040-27150820 Mail: cs@apollo-micro.com, www.apollo-micro.com CIN:L72200TG1997PLC026556