Annual Report for the FY 2026

Date: 08th September,2026 To, To, The Corporate Relations Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., 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(s), Sub: Annual Report of the Company for the financial year 2025-26 along with the Notice of the 29th Annual General Meeting This is to inform that the 29th Annual General Meeting (“AGM”) of the Members of the Company is scheduled to be held on Wednesday, 30th day of September, 2026 at 02:00 P.M. (IST) through Video Conferencing / Other Audio-Visual Means in accordance with relevant circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India time to time. In addition, a letter is being sent to those members whose email addresses are not registered with the Company/RTA /Depositories, providing the web link where the Annual Report can be accessed on the Company’s website. Pursuant to Regulation 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are submitting herewith the Annual Report of the Company along with the Notice of AGM for the financial year ended 2025-26 which is being sent only through electronic mode to the Members. The AGM Notice and Annual Report are also available on the company’s website at: Notice of the 29th AGM https://apollo-micro.com/notices-of-general-meetings.html Annual Report 2025-26 https://apollo-micro.com/financial-reporting.html?tab=annual-reports- ratings#tabs-section Further, pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a letter providing the web-links of the AGM Notice and Annual Report, being sent to those members whose e-mail addresses are not registered with the Company/Registrar and Transfer Agent (RTA)/Depositories, is also attached and available on the Company’s website at https://apollo-micro.com/notices-of-general-meetings.html We request you to kindly take the above on record and bring to the notice of all concerned. 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 Annual Report 2025-26 Sovereign by Design. Global by Ambition. Indigenous. Integrated. Indispensable. Sovereignty is built For over four decades, Apollo Micro Systems has been building through the ability to that capability, evolving from conceive, create and electronic design and mission- critical subsystems to integrated sustain what matters systems, platforms, weapons and most. For India, as energetics. Today, our growing capabilities across the defence value defence modernisation chain are supported by indigenous accelerates and strategic R&D, specialised manufacturing, Contents dependencies come advanced testing infrastructure and strategic partnerships. under greater scrutiny, This is Sovereign by Design, indigenous capability designing not only technologies, but has become not just an the capabilities, ecosystems and industrial depth required to deliver industrial priority, but a them with confidence. Corporate national imperative. OVERVIEW Yet sovereignty is a foundation, not a destination. As Apollo 02-43 strengthens its presence across Statutory Land, Air and Sea, receives strategic REPORTS manufacturing licences, expands About Us 02 its platform portfolio and secures Our Journey 04 44-178 its first export order, a larger Chairman’s Message 06 opportunity takes shape. Managing Director’s Message 08 Financial Highlights 10 Management Discussion and Analysis Report 44 This is Global by Ambition, the Core Competencies 12 Notice 56 pursuit of global OEM status through Integrated Value Chain 14 Directors’ Report 87 technology, quality, reliability and Value Delivery Model 16 Report On Corporate Governance 122 execution. Product Feature—Indigenised Mines 18 Business Responsibility & Sustainability Reporting 148 Product Feature—Aerial Bombs 20 India, Unstoppable 22 Tensions Beneath the Surface 24 Financial Strategic Acquisition – IDL 26 STATEMENTS Innovation 28 Operational Excellence 30 Our People 32 179-337 ESG 36 Board of Directors 40 Standalone financial statements 179 Leadership Team 43 Consolidated financial statements 260 Designed in India. Forward-looking statements Built with conviction. This Report contains statements about expected future events and financials of Apollo Micro Systems Limited, which are forward-looking. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the assumptions, predictions, and other forward-looking statements may not prove to be accurate and actual future Ready for the world. results and events may differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update these forward-looking statements which reflect events or circumstances, after the publication of this document. Apollo Micro Systems Limited CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS About Us Established in 1997 in OUR MISSION OUR VISION Hyderabad, we have evolved ‘Convert Your Because Tomorrow into one of India’s leading Concepts into Reality’ Starts with a Vision multidisciplinary defence Our mission reflects our commitment to To become a world-class leader and distinctive technology companies transforming customer concepts into real- solution provider, offering ‘Total Solutions Under and a Tier-I Original world applications by leveraging state-of- One Roof’ with an integrated approach that the-art hardware and software technologies, fulfills every customer requirement. Equipment Manufacturer delivering innovative, customised solutions (OEM), delivering advanced for diverse applications. solutions across the defence technology landscape. NAVIGATING THE NEXT DECADE Our vision for the next decade is to grow as a Global Original Equipment Manufacturer over the next ten years with recognisable revenue streams across the Land, Air and Sea domains; increasing our presence in Our fully integrated operation spans explosives, Indian markets and continuing to grow in global markets; delivering valued products built with conviction; and design, development, manufacture, integration and strengthening our Research & Development with the latest and most futuristic technologies. life cycle support for advanced weapon systems and defence platforms. We are capable of delivering more than 700 on-board technologies, covering The Four Pillars of Our Vision weapon electronic systems for Ground Defence, Missile Defence and Naval Defence. A missile is only as capable as what sits inside it. We build the A Global OEM, Revenue Across brain that decides mid-flight, the nerves that sense 01 02 and react, and the eyes that lock onto a target. Made In India Land, Air & Sea Our integrated, technology-driven solutions ensure secure communications across domains, giving our clients dependable, mission-ready systems. Move from being a Tier-1 supplier of critical Recognizable, diversified revenue streams across all electronics to a recognized Global Original Equipment three operational domains so that no single platform, Everything we do sits under one roof, including Manufacturer of defence platforms. Apollo’s name will no single programme, and no single customer defines R&D, design, development, assembly, testing and be on the platform, not o [Showing first 8,000 characters — download PDF for full document]