Apollo Micro Systems: Substantial Acquisition Disclosure filed under SEBI Takeover Regulations

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

Kanishka Reddy Baddam submitted a formal disclosure under SEBI (SAST) Regulations 31(4) to NSE, a mandatory filing when an acquirer crosses prescribed shareholding thresholds in a listed company. Regulation 31(4) requires disclosure within 2 working days of the acquisition. The filing triggers further obligations including public announcement, open offer requirements, or negotiated acquisition frameworks depending on the slab crossed and acquirer's intent. Apollo Micro Systems is a defence and aerospace electronics manufacturer listed on NSE (ticker: APOLO). The exact shareholding percentage, consideration, and offer intent are specified in the formal disclosure document.

Why it mattersRegulation 31(4) filings signal acquisition of ≥5% stake or meeting slab thresholds (5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%); the disclosure requirement is a gating gate before any public offer or delisting, and failure to comply invokes insider trading and takeover code penalties.
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