Apollo Micro Systems (APOLLO) — Announcement

📢 Key Event
Apollo Micro Systems incorporates new defence subsidiary Shauryastra Defence Systems

🔄 What Changed
34% ownership in new subsidiary Shauryastra Defence Systems

🔮 What's Next
None

💡 Investor Takeaway
This subsidiary positions Apollo as a full defence solutions provider with strategic leadership from Dr. Saraswat.

⚠️ Risks
None

Apollo Micro Systems announced incorporation of Shauryastra Defence Systems Private Limited, a new defence technology entity, with 34% ownership via 3,400 shares at Rs 10 each (Rs 34,000 total). The subsidiary will develop complete weapons systems under Dr. V.K. Saraswat's leadership, aligning with India's Atmanirbhar Bharat vision. This marks a strategic shift toward full weapon system solutions rather than component supply.

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About Apollo Micro Systems Limited (APOLLO)

Capital Goods · Aerospace & Defence · Listed on NSE

Market Cap: ₹14,092.91 Cr P/E: 109.6 ROE: 18.9% ROCE: 22.7% Div Yield: 0.07%

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🔥 Also filed on 22 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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