Apollo Micro Systems (APOLLO) — Announcement

📢 Key Event
AMS clarifies court judgment upheld its DRDO tender award

💡 Investor Takeaway
The clarification removes legal uncertainty around the DRDO contract, supporting the company's market position and investor confidence.

Apollo Micro Systems clarified that a news article misrepresented a ₹1 bid in a DRDO tender case, stating the High Court judgment actually upheld its contract award without any fault or arbitrarity, and confirmed the tender award remains valid pending final pre-award verification, reinforcing investor confidence in the company's compliance and competitive positioning.

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About Apollo Micro Systems Ltd (APOLLO)

Capital Goods · Aerospace & Defence · Listed on BSE

Market Cap: ₹13,743.61 Cr P/E: 106.9 ROE: 18.9% ROCE: 22.7% Div Yield: 0.07%

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

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