Press Release

Date: 28.07.2026 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, Sub: Updates- Press release by the Company. Please find enclosed herewith a press release of the Company. This update is provided for the information to our stakeholders. We request you to kindly take the above on record. Thanking You, Yours truly, 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 NSE: APOLLO │ BSE: 540879 FOR IMMEDIATE RELEASE Hyderabad, India │ 28th July 2026 PROGRAMME SNAPSHOT AWARD TYPE PROGRAMME CLIENT Make-II Development Agency IPREK — Indigenous Precision Range Indian Air Force / Ministry of Empanelment Extension Kit Defence Apollo Micro Systems Empanelled by Indian Air Force as Prime Development Agency for IPREK — Indigenous Precision Range Extension Kit AMS enters India's high-value precision guided munition segment a strategic category that has been import- dependent for decades Apollo Micro Systems Limited (AMS) (NSE: APOLLO | BSE: 540879) today announced that it has been formally shortlisted and empanelled by the Indian Air Force (IAF) as a Prime Development Agency (DA) for the Indigenous Precision Range Extension Kit (IPREK) programme, under the Make-II (Industry Funded) category of India's Defence Acquisition Procedure 2020 (DAP-2020). This empanelment marks AMS's entry into India's precision guided munition (PGM) segment as a Prime one of the highest-value, highest-barrier segments of the Indian defence manufacturing market. What is the Make-II Programme? The Make-II (Industry Funded) sub-category is one of India's most progressive defence procurement pathways under DAP-2020. Indian companies are invited to invest in the design and development of advanced military systems at their own cost, with the Government committing to procure successful prototypes at scale. For Apollo Micro Systems, this empanelment is more than a programme win. It is the Indian Air Force's formal endorsement of AMS as the company capable of designing, developing, and delivering a world-class precision guided weapon system entirely from Indian soil. What is the IPREK? IPREK is a bolt-on precision guidance and range extension kit designed to transform India's existing inventory of General Purpose (GP) 500 Kg unguided bombs into long-range precision glide weapons. A weapon fitted with the IPREK can be released from over 80–100 kilometres away and still land within 3 metres of its intended target placing the carrier aircraft well beyond the reach of most air defence systems. The IPREK converts India's existing bomb inventory into a precision standoff capability at a fraction of the cost of procuring new imported precision weapons. Apollo Micro Systems Limited | IDA Mallapur, Hyderabad – 500 076 | www.apollo-micro.com Press Release | Page | 1 of 4 NSE: APOLLO │ BSE: 540879 The IPREK integrates India's indigenous NavIC (IRNSS) satellite navigation making it one of the first weapon systems in the world to use the Indian satellite constellation at its core. It also incorporates Electro-Optical (EO) and Infrared (IIR) terminal guidance for day/night precision, and DSMAC (Digital Scene Matching) terminal guidance for GPS-denied operations. Why This Matters for India's Air Power? ₹79,000 Cr 500+ 100+ km 500kg 80-100 km Defence spending IPREK units in Standoff release range- Indigenisation of the Range IPREK delivers 3- package cleared DAC initial IPREK removes the aircraft strategically critical 500 metre accuracy from over 2025, precision procurement from danger zone entirely kg Smart Bomb, reducing 80–100 km, allowing weapons a top phase after import dependence. aircraft to stay outside priority successful trials The IPREK programme is strategically significant across three dimensions: • India currently imports the bulk of its precision guided munitions. IPREK directly displaces that import dependency the IAF's existing bomb inventory becomes a strategic asset rather than a sunk cost. • Precision standoff capability is a force-multiplier: a weapon that can be released from 100 km away keeps the carrier aircraft and crew safe from air defences, fundamentally changing mission planning and risk calculus. • With 500+ IPREK units in the initial procurement phase and further demand across all IAF platforms IPREK represents a durable, multi-year revenue opportunity for AMS with strong margin characteristics. Statement from the Managing Director The Indian Air Force's selection of Apollo Micro Systems as a Development Agency for IPREK is one of the most defining moments in our company's history. We have spent decades building the indigenous capability to win a programme like this guidance systems, electro-optical seekers, NavIC navigation, airborne certification. IPREK is the convergence of all of it into a single, sovereign capability that India is building for itself. We are not assembling imported kits. We are engineering a precision weapon from the ground up, on Indian soil, with Indian talent. I also want to acknowledge our long-standing collaboration with DRDO the foundational knowledge they have shared with us over the years is embedded in everything we build. IPREK is an Atmanirbhar Bharat story, and Apollo is proud to be at its centre.” Mr. Baddam Karunakar Reddy │ Managing Director, Apollo Micro Systems Limited Apollo Micro Systems Limited | IDA Mallapur, Hyderabad – 500 076 | www.apollo-micro.com Press Release | Page | 2 of 4 NSE: APOLLO │ BSE: 540879 Market Opportunity and Business Potential India's Precision Guided Munition market is transitioning from import-dependence to indigenous manufacture driven by the Positive Indigenisation List, DAP-2020 Make-II policy, and hard lessons from recent regional conflicts about the strategic vulnerability of import-dependent weapon stockpiles. ₹20,000+ Crore $10 Billion Estimated India PGM import substitution opportunity Estimated global autonomous and precision weapon over 10 years systems market by 2032* *Market estimates are indicative and based on publicly available information. Actual programme values are subject to Government procurement decisions. Beyond IPREK, AMS's GNC technology, CEMILAC-certified airworthiness credentials, and NavIC integration capability create a replicable template for future precision weapon programmes across the Indian Army, Indian Navy, and the IAF's expanding precision strike requirements. AMS has been part of several DRDO programmes in delivering Indigenous Guidance and Navigation Kits Viz., Pinaka, TARA and many more. The development of IPREK and integrating on IAF Inventory is a unique opportunity to enter into select league of companies as a Prime OEM in this technology segment. Apollo's Vision — India's Precision Weapons Future ⚙ INDIGENOUS IP ◈ NAVIC ⚓ PIPELINE BEYOND IPREK 01 02 03 AMS owns 100% of the IPREK GNC AMS shall integrate India's NavIC A successfully delivered IPREK is the software, flight computer, and satellite navigation into an reference credential for every integration architecture. This IP operational defence system. IPREK subsequent Indian precision weapon creates a durable competitive moat places this head-start at the heart of a programme guided rocket kits for the that no competitor can replicate weapon system a strategically Army, precision weapons for the without equivalent years of D&D significant capability in any scenario Navy, and India's growing defence investment and positions AMS to lead where GPS is jammed or denied. export amb [Showing first 8,000 characters — download PDF for full document]