BSECompany Update9h ago · 24 Oct 2026, 05:07 pm
Letter to shareholders by Managing Director
Apollo Micro Systems Ltd · 540879
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Apollo Micro Systems Ltd, a defence technology company, has announced a letter to shareholders from its Managing Director, highlighting the company's performance in Q2 and H1 FY27, with revenue, EBITDA, and PAT growth of 72.3%, 87.8%, and 53.7%, respectively. The company has also received approval for the transfer of technology of DRDO-developed missile systems to the Indian defence industry, marking an important moment in India's journey towards self-reliance.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Apollo Micro Systems Ltd - 540879 - AMS Letter To Shareholders By Managing Director
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Date: 24th October 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: Updates – Communication to Shareholders by the Managing Director of the Company
Please find enclosed herewith a letter addressed to the shareholders of the Company from Mr.
Baddam Karunakar Reddy, Managing Director of the Company.
The said letter is being issued to communicate key updates and developments concerning the
Company.
This update is provided for the information to our stakeholders.
We request you to kindly take the above on record
Yours sincerely,
For Apollo Micro Systems Limited
Seshadri Vasan Gollur
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
APOLLO MICRO SYSTEMS LIMITED BSE 540879 · NSE APOLLO · CIN L72200TG1997PLC026556
Chief Editor: Addepalli Krishna Sai Kumar
( S W A V A L A M B A N )
A Letter to Shareholders by Apollo Micro Systems Ltd FY27 / Oct / 07
DATE SUBJECT
24thOctober 2026 Beyond Four Decades of Innovation, Building the Next
GenerationofIndigenousDefenceSystems.
All the Shareholders
Dear Shareholders,
Our performance in Q2 and H1 FY27 reflects the
Every meaningful achievement is built on years of
collective efforts we have made to strengthen
effort, conviction and the courage to keep moving
Apollo’s business, expand our capabilities and
forward. As we reflect on Apollo Micro Systems
advance our long-term strategic priorities. During
Limited’s performance in Q2 FY27 and H1 FY27, I
Q2 FY27, we recorded revenue of ₹388.15 crore,
am filled with a deep sense of gratitude for the
EBITDAof ₹111.18 croreandprofitaftertax(PAT) of
people, partners and shareholders who have been
₹46.15 crore, representing year-on-year growth of
partofthis journey.
72.3%, 87.8% and 53.7%, respectively. For H1 FY27,
revenue stood at ₹639.44 crore, EBITDA at ₹164.91
crore and PAT at ₹71.37 crore, registering year-on-
year growth of 78.2%, 64.7% and 49.6%,
respectively.
WE COMMIT, WE DELIVER
“Coming together is a beginning; keeping together is This thought captures the spirit of Apollo’s journey. The progress we have
made over more than four decades has been possible because we have
progress; working together is success.”
continued to work towards a common purpose: developing indigenous
capabilities that strengthen India’s defence preparedness.
HENRY FORD
APOLLO MICRO SYSTEMS LIMITED · IDA MALLAPUR, HYDERABAD 500076 · WWW.APOLLO-MICRO.COM I
APOLLO MICRO SYSTEMS LIMITED BSE 540879 · NSE APOLLO · CIN L72200TG1997PLC026556
SELF-RE LI A N C E
Resilience Is the New Firepower
Today, that purpose has become more
For Apollo, this development holds particular significance.
relevant than ever. For more than forty years, we have been building
capabilities across mission-critical avionics, weapon
The recent approval by the Hon’ble Raksha Mantri for the electronics, fuzes, actuators, rugged computing, precision
transfer of technology of DRDO-developed missile systems machining and system integration. Our journey has been
totheIndiandefenceindustrymarksanimportantmoment shaped by the exacting requirements of DRDO, the Armed
in India’s journey towards self-reliance. It reflects the Forces and Defence PSUs, and by our commitment to
Government’s confidence in domestic industry and its delivering dependable solutions for some of India’s most
recognition that a strong defence ecosystem must be demandingdefenceprogrammes.
supported by indigenous technologies, reliable
manufacturingcapabilitiesandresilientsupplychains.
DR. A.P.J. ABDUL KALAM
“Dream, dream, dream. Dreams transform into thoughts and thoughts result in action.” These words capture the
spirit of India’sjourney towardsself-reliance and the philosophy thathas guidedApollo Micro SystemsLimited for
overfourdecades.Buildingindigenousdefencecapabilitieshasneverbeenanovernightendeavour;ithasrequireda
willingness to dream beyond existing limitations, the perseverance to develop complex technologies and the
conviction tokeepinvestinginIndia’sabilitytodesignandmanufactureforitself.
APOLLO MICRO SYSTEMS LIMITED · IDA MALLAPUR, HYDERABAD 500076 · WWW.APOLLO-MICRO.COM II
APOLLO MICRO SYSTEMS LIMITED BSE 540879 · NSE APOLLO · CIN L72200TG1997PLC026556
THE NEXT PHASE
The transfer of missile technologies marks an important opportunity for Apollo to
build on its four decades of engineering excellence and expand its role across the
missile technology value chain.
I II SEEKERS & III COMPLETE WEAPON
THE FOUNDATION
INFRASTRUCTURE SYSTEMS
Thecriticalpillarsofmissiletechnology With seeker development now Our ambition is to bring these
are propulsion, advanced electronics underway and supporting capabilities together to develop
and seeker systems which are infrastructure being progressively complete weapon systems.
increasingly central to our expanding developed, we are advancing towards ShauryAstra Defence Systems Private
capabilities. Our established amoreintegratedpresenceacrossthe Limitedis adecisivestep towards this
electronics expertise, experience in missiletechnologyvaluechain. vision, providing a dedicated platform
guidance and navigation systems and to pursue complete weapon systems
onboard computers etc, and andlong-rangeplatforms.
strengthened energetics capabilities
through IDL Explosives and the
ongoing acquisition process
concerningPremierExplosivesprovide
abroaderfoundationforthisjourney.
For four decades, we have built the building blocks of indigenous defence. Now, we aspire to bring
them together to build complete systems for our nation. This is more than the next phase of Apollo’s
growth; it is our commitment to transforming years of perseverance into greater technological
strength for India.
APOLLO MICRO SYSTEMS LIMITED · IDA MALLAPUR, HYDERABAD 500076 · WWW.APOLLO-MICRO.COM III
APOLLO MICRO SYSTEMS LIMITED BSE 540879 · NSE APOLLO · CIN L72200TG1997PLC026556
WITH GRATITU DE
To Those Who Believed In The Journey
Before They See The Destination
I extend my heartfelt gratitude to our shareholders for your unwavering confidence, to our
customersandpartnersfortheircontinuedtrust,andtoouremployeeswhosededicationandperseverance
turn our aspirations into reality. As we embark on this next chapter, we remain conscious of the
responsibility that comes with your trust. The road ahead will demand patience, resilience and relentless
effort, but our commitment to strengthening Apollo’s capabilities and contributing to India’s indigenous
defencejourneyremainssteadfast.
We have come this far through perseverance,wemoveforward withpurpose, andwe lookto
the future with the conviction that our greatest contributions may still lie ahead. Thank you for being an
integralpartofApollo’sjourneyandforcontinuingtobelieveinthevisionwearebuildingtogether.
W E C O M M I T . W E D E L I V E R .
With warm regards, HYDERABAD
Baddam Karunakar Reddy 24 October 2026
MANAGING DIRECTOR FY27 / OCT / 07
APOLLO MICRO SYSTEMS LIMITED
APOLLO MICRO SYSTEMS LIMITED · IDA MALLAPUR, HYDERABAD 500076 · WWW.APOLLO-MICRO.COM IV