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Date: 23rd Sep 2026
BSE Limited, National Stock Exchange of India Ltd.,
Department of Corporate Services Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E),
Mumbai – 400 051
Scrip Code: 540879 Symbol: APOLLO ISIN: INE713T01028
Dear Sir/Madam,
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Receipt of Letter from
Competition Commission of India – Reg.
This is to inform you that the Competition Commission of India (“CCI”), has issued a letter
dt.23.09.2026, as received by the Legal counsel appointed for the purpose of obtaining the
approval from CCI, on the application filed by the Company, vide the application dt.06.08.2026.
CCI has observed that since the turnover of Premier Explosives Limited (Target Company) FY
2025-2026 is less than INR 1250 crores, the proposed combination does not exceed the thresholds
specified under the Competition (Minimum Value of Assets or Turnover) Rules, 2024, read with
Section 5 ( e) of the Act.
Hence, the Target is de minimis for the purposes of asset/turnover thresholds under Section 5(a) to
5( c) of the Act and therefore the proposed combination is not a notifiable transaction under Section
5(d) also. Therefore, it is not a combination as per Section 5 of the Act.
Hence, the approval of the CCI is not applicable with respect to the acquisition of shares of
Premier Explosives Limited by the Company. Kindly note that the application was filed as a
precautionary measure and to ensure complete compliance, though our assessment also stood
concurrent with the conclusion stated by CCI.
A press release to this effect is enclosed.
We request you to kindly take the same on record.
Thanking you,
Yours faithfully,
For Apollo Micro Systems Limited
Karunakar Reddy Baddam
Managing Director
DIN: 00790139
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
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P R E S S R E L E A S E
For Immediate Release
REGULATORY UPDATE // CCI APPROVAL FOR PREMIER EXPLOSIVES ACQUISITION
CLEARANCE FROM COMPETITION COMMISSION OF INDIA
Competition Commission of India holds that the transaction is not a notifiable combination and requires
no CCI approval; open offer to Premier’s public shareholders to proceed.
Hyderabad, 23rd September 2026: Apollo Micro Systems Limited (NSE: APOLLO | BSE: 540879) (“AMS”
or “the Company”), a leading Indian defence electronics and systems company, today announced that the
Competition Commission of India (“CCI”), by its order dated 22nd September 2026, has held that the Company’s
acquisition of Premier Explosives Limited (“Premier”) is not a combination under the Competition Act, 2002 and
therefore does not require the Commission’s approval.
AMS had voluntarily filed a notice with the CCI on 11th August 2026, as a measure of abundant caution, in respect
of its acquisition of a 41.33% stake in Premier under the Share Purchase Agreement dated 9th July 2026. After
reviewing the Company’s submissions, the CCI concluded that Premier’s turnover falls below the thresholds
prescribed under both the Deal Value Threshold framework and the de minimis exemption. The notice has
accordingly been treated as not required and disposed of.
With the CCI position now settled, the open offer to the public shareholders of Premier under the SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 will move forward. The revised schedule of
offer activities, including the tendering period, will be announced by the Manager to the Open Offer in due course.
MANAGING DIRECTOR MESSAGE At a Glance
Key Highlights
STATEMENT OF THE MANAGING
DIRECTOR
CCI order dated 22nd September 2026
“We approached the Commission proactively because we (Combination Registration No. C-2026/08/1452)
believe that every step of this acquisition should be beyond confirms that the Premier transaction is not a
question from a regulatory standpoint. The Commission’s order combination under Section 5 of the Competition
brings clarity and allows us to proceed with the open offer. Act, 2002.
Premier’s strengths in high-energy materials and propellants
No approval of the CCI is required for the
complement Apollo’s capabilities in defence electronics,
guidance and weapon systems integration, and together with
transaction;
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as an integrated, indigenous defence platform aligned with the
Technology has been at the core of Apollo Micro Systems’ growth journweiyll apnrodc ereedm aasi npse rc tehnet rSaEl BtIo ( SiAtsS Tl)o Rnegg-tuelarmtio nvsis, ion
Government of India’s Aatmanirbhar Bharat vision.”
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Homing System aligns strongly with this strategic direction, adding a carnitnicoauln pcreedc ibsyio tnh-eg uMidaannagceer tcoa tphaeb Oiliptye nt oO ffAepr.o llo’s
SHRI B. KARUNAKAR REDDY
technology portfolio. By combining advanced technology with its establi shed expertise in indigenous defence systems, Apollo
Managing Director, Apollo Micro Systems Limited
is strengthening its ability to develop, integrate and deliver mission-critical solutions, creating a differentiated platform for
sustainable growth and deeper participation in India’s evolving defence technology ecosystem.
Apollo Micro Systems Limited | www.apollo-micro.com Page 1
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About Apollo Micro Systems Limited
Apollo Micro Systems Limited (NSE: APOLLO | BSE: 540879) is a 41-years-old pioneer in defence technology,
specializes in the design, development, and manufacture of advanced electronic, electro-mechanical, and
engineering systems. With multi-domain, multidisciplinary capabilities and robust infrastructure, the company is
equipped to build cutting-edge defence technologies and produce them at scale for national strategic needs.
Building upon capabilities of subsidiary companies, AMS as a group position itself as a Tier-I Original Equipment
Design Cum manufacturer.
About Premier Explosives Limited
Premier Explosives Limited, headquartered in Hyderabad and listed on the NSE and BSE, manufactures high-energy
materials, including solid propellants, explosives and pyrotechnic devices, for defence, space and mining
applications, and contributes to several of India’s strategic missile and space programmes.
Disclaimer
This publication is for information only and does not constitute investment advice. Statements concerning future plans are forward looking and subject to
risks and uncertainties. All information concerning Apollo Micro Systems Limited is drawn from public disclosures.
This document does not contain any unpublished price sensitive information. All material information concerning Apollo Micro Systems Limited has been
previously disseminated to NSE and BSE. This document is not a substitute for disclosures under SEBI (LODR) Regulations, 2015; readers should refer
to www.nseindia.com and www.bseindia.com. Trading on the basis of unpublished price sensitive information is prohibited under SEBI (Prohibition of
Insider Trading) Regulations, 2015.
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