Apollo Micro Systems has announced a capital-raising plan worth ₹3,322 crore, executed through a preferential issue of equity shares and convertible warrants.
The move, disclosed in an exchange filing dated 11 July, positions the defence electronics manufacturer to fund its growth trajectory as it capitalizes on India's expanding indigenous defence sector.
The issuance combines equity and debt-like instruments, allowing the company to raise substantial funds while managing immediate dilution.
Alongside the capital raise, the company has cleared an increase in its authorized share capital to facilitate the transaction.
This structure is typical for high-growth firms seeking to balance liquidity needs with shareholder value preservation.
Apollo Micro Systems has emerged as a key beneficiary of India's defence modernization drive, securing significant orders for electronic warfare and communication systems.