NSEGeneral Updates28 Jul 2026 · 28 Jul 2026, 12:15 pm
General Updates
Apollo Micro Systems Limited · APOLLO
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Apollo Micro Systems Limited has been awarded a Make-II Prototype Sanction Order by the Indian Air Force for the development of a 500 Kg Smart Bomb, marking the company's entry into the precision guided munition segment.
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Earnings Impact2/10
Growth Catalyst9/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment9/10
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APOLLO_28072026121409_AMS_Business_Update_28072026.pdf
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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,
Subject: Announcement of award of prototype Sanction Order from Indian Air Force/ MoD
under Make-II category.
We are pleased to inform you that in the ordinary course of business, Apollo Micro Systems
Limited has been shortlisted and awarded a Make-II Prototype Sanction Order (PSO) by the
Indian Air Force, in recognition of the Company's established capabilities in indigenous
Guidance and Navigation Kits. 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.
The project pertains to the design, development, and prototype demonstration of the 500 Kg
Smart Bomb that can be released from over 80-100 kilometres away and still land 3 metres
of intended target under the Make-II category.
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. It 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.
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.
In accordance with the Make-II category, there is no cost obligation on the Government
during the prototype development phase. The Government is committed to procurement
upon successful demonstration of the prototype.
The Company's Board of Directors and Management consider this award a defining
milestone in Apollo Micro Systems Limited's growth journey, underscoring the Company's
technological capabilities, execution excellence, and expanding strategic role in India's
critical Defence technology ecosystem, particularly in advancing in India's high-value
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
precision guided munition segment a strategic category that has been import-dependent for
decades.
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