NSEUpdates2 Nov 2026 · 2 Nov 2026, 08:04 am
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Apollo Micro Systems Limited · APOLLO
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Apollo Micro Systems Limited has informed the Exchange regarding the deposit of purchase consideration into the special escrow account for the acquisition of 26% equity shares of Premier Explosives Limited from public shareholders.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment5/10
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Full Announcement
Apollo Micro Systems Limited has informed the Exchange regarding 'AMS Update on Open Offer made to public shareholders of Premier Explosives Ltd'.
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APOLLO_02112026080444_AMS_Update_on_Open_Offer.pdf
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Ref: AMSL/SEC/2026-27/5 Date: 02 November 2026
National Stock Exchange of India BSE Limited
Limited Corporate Relationship Department
Listing Department Phiroze Jeejeebhoy Towers
Exchange Plaza, C-1, Block G Dalal Street
Bandra Kurla Complex, Bandra (E) Mumbai – 400 001
Mumbai – 400 051 Scrip Code: 540879
NSE Symbol: APOLLO
Dear Sir / Madam,
Sub: Open Offer made to the Public Shareholders of Premier Explosives Limited – Update- Deposit of
Purchase consideration of Rs.986.35 Crores into the Special Escrow Account – Reg.
Ref: Open Offer under Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 ("SEBI (SAST) Regulations")
In continuation of our earlier disclosures regarding the acquisition of equity shares of Premier Explosives
Limited ("Target Company" or "PEL") by Apollo Micro Systems Limited ("Acquirer" or "AMSL") pursuant
to the Share Purchase Agreement dated 9 July 2026, Acquirer had made an open offer for acquisition of
1,39,77,600 equity shares equivalent to 26% equity shares of the Target Company from the public
shareholders, the open offer had opened on 12th October, 2026 and had closed on 26th October, 2026.
The open offer was oversubscribed by 1.41%. An amount equivalent to Rs. 986.35 Crores pertaining to the
acquisition of 1,39,77,600 shares has been deposited into the special escrow account with State Bank of India
opened for the purpose of payment to public shareholders of the Target Company.
We request you to kindly take the above information on record.
Thanking you,
Yours faithfully,
For Apollo Micro Systems Limited
G. Seshadri Vasan
Company Secretary & Compliance Officer
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