Apollo Micro Systems to acquire 41.33% of Premier Explosives Limited for ₹1,550 crore
Apollo Micro Systems · Aerospace & Defense
Key highlights
- Apollo Micro Systems executed a Share Purchase Agreement on July 9, 2026, to acquire 2,22,21,735 equity shares (41.33%) of Premier Explosives Limited for ₹1,550 crore.
- Following the acquisition, Apollo will make a mandatory open offer to acquire up to 26% of Premier Explosives' voting equity share capital from public shareholders.
- The acquisition is subject to Competition Commission of India approval and SEBI SAST compliance; Premier Explosives' turnover for the year ended March 31, 2026 was Rs. 38,834.14 lakhs.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Board Meeting Outcome for Out Come Of Board Meeting - Acquisition Of Shares In Premier Explosives Limited
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Apollo Micro Systems
- Board / shareholder meeting outcomeNotableApollo Micro Systems Limited announces EGM outcomes and preferential issue details
- Fundraise / allotmentNotableApollo Micro Systems corrigendum: preferential issue of shares and warrants at Rs.416.60 each
- Fundraise / allotmentNotableApollo Micro Systems board approves preferential share and warrant issue on 6 July 2026
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Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
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- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.