Apollo Micro Systems Declared Lowest Bidder for Defence Orders Worth ₹39.27 Crore

Hyderabad, October 16, 2025 – Apollo Micro Systems Limited (NSE: APOLLO, BSE: 540879) disclosed that the company declared the lowest bidder for the defence projects amounting to ₹39.27 crore and was sanctioned with the Transfer of Technology (ToT) from DRDO for Mechatronic Fuze for Grenades.

Key Business Update

Apollo Micro Systems Ltd. announced fresh defence orders totalling ₹39.27 crore. This order win reinforces its order book in the latest move. Out of which ₹4.3 crore are from DRDO orders, and the balance amount of ₹34.97 crore is from Defence Public Sector Undertakings (DPSUs).

The projects are in the field of defence manufacturing and electronics systems, and the company has also received DRDO’s Transfer of Technology (ToT) approval for Mechatronic Fuze for Grenade. Announced on October 16, 2025, Apollo Micro Systems emerged as the lowest bidder (L1) in multiple defence tenders, marking a notable addition to its pipeline amid India’s growing defence indigenisation framework.

Market Reaction

At 12:03 PM, Apollo Micro Systems Ltd’s stock increased by 0.60% to ₹292.90. The stock started trading at ₹293.05. In the session, the stock traded between a low of ₹289.10 and a high of ₹301.75. Its market capitalisation stands at ₹9,820 crore. Its dividend yield is 0.085%, and the quarterly dividend per share is ₹0.062. Over the past year, the stock has recorded a 52-week high of ₹354.70 and a low of ₹87.99.

Established in the year 1985 and publicly traded since January 2018, Apollo Micro Systems Limited is a technology-driven company with its origin in Hyderabad and operates in designing, developing, and manufacturing electronic systems in the domain of defence and aerospace. The company also serves DRDO, the Indian Armed Forces, ISRO, and some Defence PSUs.

REF: https://nsearchives.nseindia.com/corporate/APOLLO_16102025090204_AMS_Business_Update.pdf

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