Apollo Micro Systems shares climbed more than 6 percent on Monday after reports said its key client, Bharat Electronics Ltd (BEL), is likely to receive a Rs 30,000 crore order for the Quick Reaction Surface-to-Air Missile (QRSAM) programme.

The stock rose 6.17 percent to Rs 408.10 per share on the NSE, at around 12:15 p.m., even as the broader market remained under pressure with the Nifty testing the 24,000 level.

The buying interest in the stock followed a CNBC-TV18 report, citing BEL management's interaction with Kotak Securities, which said the proposed Rs 30,000 crore QRSAM missile system order is likely to receive government approval in the coming weeks.

Apollo Micro Systems is one of the key suppliers in the QRSAM programme to Bharat Electronics Ltd and Bharat Dynamics Ltd (BDL). According to the report, BEL management expects the order to be awarded within the next few weeks.

QRSAM is a Quick Reaction Surface-to-Air Missile designed and developed to engage and destroy highly manoeuvring aerial targets.

Addtionally, the company informed the exchanges that the meeting of Board of Directors of the Company is scheduled to be

held on 6th day of July, 2026 at the registered office of the Company at Hyderabad, inter alia to

consider the issue of equity shares and/or convertible securities including warrants on preferential

basis under SEBI (ICDR) Regulations, 2018, including determination of issue price as may be

permitted under applicable laws, in such manner, and on such terms and conditions as may be

deemed appropriate by the Board in its absolute discretion subject to such regulatory/statutory

approvals as may be required including approval of shareholders of the Company apart from the

other items as per the agenda or items with the permission of the Chair, if any.

Further, pursuant to Company’s Code of Conduct for Prevention of Insider Trading, the Trading

Window for dealing in the equity shares of Company by the designated persons and their

immediate relatives will be closed from 1st July 2026, till 48 hours after the declaration of the unaudited financial results (standalone and consolidated) of the Company for the quarter ending 30th

June 2026. Hence, the trading window shall be closed even in respect of the aforesaid proposals

in accordance with applicable Laws.

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