Shares of defense sector company Apollo Micro Systems Ltd. traded in the green today after the company stated that on November 19 2025 it received a total of ₹561649500 as warrant exercise price from three warrant holders: Ballam Kanishka Reddy Superstar Investments Private Limited and Srinivas Reddy Gangula. Following payment and receipt of the required documents the Board approved the conversion of a total of 6569000 warrants into shares. Of these shares 6115000 shares were allotted to Kanishk Reddy 354000 shares to Superstar Investments and 100000 shares to Srinivas Reddy Gangula. The Companys total paid-up share capital increased to ₹342243736 which now comprises 342243736 equity shares. Furthermore the Companys shareholders had authorized the Board to amend the terms of the warrants on February 4 2025. Using this power the Board at its meeting on November 19 2025 decided to extend the final validity date of the remaining 29355776 warrants which were earlier due to be converted into shares by December 1 2025 to June 30 2026. This means that warrant holders will now be able to convert their warrants into shares at any time until June 2026. The company recently announced in its latest exchange filing that Apollo Defence Industries Private Limited a subsidiary of Apollo Micro Systems has completed the acquisition of IDL Explosives Limited. The acquisition was completed through a share transfer from GOCL Corporation Limited which was until now the holding company of IDL Explosives. With the completion of this acquisition IDL Explosives Limited has now become a subsidiary of Apollo Micro Systems. Earlier the company has signed an agreement with state-owned Munitions India to jointly develop defence systems in the domestic and international markets. As part of the Memorandum of Understanding (MoU) both entities will identify and pursue opportunities for the design development and deployment of advanced defence technologies Hyderabad-based AMSL said in a regulatory filing.