Disclosure under SEBI Takeover Regulations

Apollo Micro Systems Limited announced the submission of a disclosure by Chanakya Reddy Baddam under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This specific regulation mandates promoters or acquirers to disclose details of any shares they have pledged or otherwise encumbered. The announcement itself does not contain specific financial figures, only confirming the regulatory submission. For investors, this disclosure provides crucial transparency into the financial dealings and leverage of a significant shareholder, offering insights into their commitment and the stability of their stake in the company.