Introduction:
Leading Defence company has secured an order worth ₹11.69 crore from Reliable Technosystems India Pvt. Ltd. for manufacturing electronic components. The contract emphasizes strict quality standards, compliance, and timely execution within four months, further strengthening its position in the defence manufacturing sector.
Share price movement of Apollo Micro Systems:
On March 5, 2025, Apollo Micro Systems Ltd. opened at ₹111.80, slightly up from its previous close of ₹111.75. The stock reached a high of ₹114.50 (2.46%) and a low of ₹111.80. By 2:43 PM, it traded at ₹113.15, a 1.25% increase, with a market cap of ₹3,467.93 crore.
Apollo Micro Systems Secures ₹11.69 Crore Order from Reliable Technosystems:
Apollo Micro Systems Limited has received an order worth ₹11.69 crore from Reliable Technosystems India Pvt. Ltd. The contract involves manufacturing electronic components, with strict adherence to specifications, identification protocols, and quality standards. The order is set for execution within four months.
The agreement mandates the replacement of defective materials at the supplier’s cost, with entire batches subject to rejection if issues arise post-acceptance. Suppliers must notify any process or product changes, prevent counterfeit parts, and allow verification access to customers and regulatory authorities.
Awarded by a domestic entity, the order does not fall under related party transactions. This contract further strengthens Apollo Micro Systems’ position in the electronic components manufacturing sector, reinforcing its commitment to quality, compliance, and timely project execution.
Recent news on Apollo Micro Systems:
As of February 11, 2025, Apollo Micro Systems Ltd. entered a strategic partnership with Troop Comforts Ltd. to jointly manufacture and market advanced air-defence systems. The company also partnered with Munitions India Ltd. for developing various defence technologies.
Stock performance of Apollo Micro Systems for Period of 1 week, 6 months, and 1 year:
Apollo Micro Systems Ltd. recorded a -4.15% return over the past week, while gaining 8.60% over six months. However, its one-year performance saw a -8.82% decline, reflecting short-term volatility despite moderate growth in the mid-term.
Shareholding pattern of Apollo Micro Systems:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 55.10% | 55.10% | 55.10% |
| FII | 0.70% | 0.20% | 7.40% |
| DII | 0.90% | 0.90% | 0% |
| Public | 43.30% | 43.80% | 37.50% |
About Apollo Micro Systems:
Apollo Micro Systems Ltd. (NSE: APOLLO) specializes in electronic, electro-mechanical, and engineering design services. With over 700 onboard technologies, it supports 150+ indigenous programs, offering EMS, PCB fabrication, embedded software, and custom electronic systems for aerospace and defence sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
