New Delhi, May 15 -- Shares of Apollo Micro Systems surged over 6 percent intraday on May 15 following the allotment of preferential shares. The stock, a standout performer in the defence segment, has rallied an eye-popping 1450 percent over the past five years, reflecting strong fundamentals, aggressive expansion, and robust investor confidence.

Apollo Micro Systems informed the exchanges that it has made critical updates to its Extraordinary General Meeting (EGM) notice and corrigendum, issued earlier in January 2025. The company clarified that for convertible equity warrants, 25 percent of the issue proceeds would be collected at the time of allotment, with the remaining 75 percent due within six months. The entire amount is expected ...