Disclosure under SEBI Takeover Regulations

Apollo Micro Systems Limited announced that Kanishka Reddy Baddam has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This specific regulation pertains to the encumbrance or creation/invocation of pledges on shares by promoters or persons acting in concert. While the details of the disclosure are not specified, such filings provide transparency regarding changes in promoter shareholding status, often related to pledging. For investors, this information is significant as it can indicate the financial health of key shareholders and potentially influence market perception or future stock performance.