Latest news with #AdityaKumarHalwasiya
India.com
05-06-2025
- Business
- India.com
This company raises over Rs 416 crore via equity shares, warrants
बाजार को सता रहा और भी ज्यादा गिरावट का डर Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, on Wednesday announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund. In a statement, the company said the preferential issue involved 2. 70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3. 80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108. 5 crore in initial proceeds. An additional Rs 325. 50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants' proceeds. As part of the preferential issue, the promoter group has subscribed to 1. 68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible equity warrants and LIC Mutual Fund participated with an allotment of 26. 31 lakh shares. The capital raised will be deployed towards growth initiatives, working capital requirements, and strengthening the company's innovation capabilities in high-tech and mission-critical solutions.
Hans India
05-06-2025
- Business
- Hans India
Apollo Micro Systems Successfully Completes Preferential Allotment; Significant Participation by Promoter Group, LIC Mutual Fund, and Director Aditya Kumar Halwasiya
Apollo Micro Systems Limited (BSE: 540879 | NSE: APOLLO), a leading technology-driven company in the aerospace, defense, and homeland security sectors, is pleased to announce the successful completion of its preferential allotment of equity shares and convertible warrants, raising a total of over ₹416 crore initially through strategic investments. An additional ₹325.50 crore as 75% balance proceeds of the convertible equity warrants to come into the company within 6 months. This capital infusion demonstrates robust investor confidence and includes meaningful participation from the promoter group, LIC Mutual Fund, and Non-Executive Director Mr. Aditya Kumar Halwasiya. As part of the preferential issue: • The promoter group has subscribed to 1,68,01,200 convertible equity warrants at an issue price of ₹114 each. These warrants, allotted equally between Mr. Baddam Kanishka Reddy and Mr. Baddam Chanakya Reddy, reaffirm the promoter family's strong commitment to the company's long-term growth and value creation. • Mr. Aditya Kumar Halwasiya, Non-Executive Director, has also made a substantial investment, being allotted 15,00,000 equity shares and an additional 15,00,000 convertible equity warrants, reinforcing his strategic involvement and alignment with shareholder interests. • LIC Mutual Fund, one of India's most respected institutional investors, participated with an allotment of 26,31,578 equity shares, adding further credibility and validation to Apollo's business outlook. The preferential issue involved: • 2,70,42,894 equity shares allotted at ₹114 each, aggregating to ₹308.28 crore. • 3,80,67,058 convertible equity warrants issued at the same price, with 25% upfront subscription, aggregating to ₹108.49 crore in initial proceeds. The capital raised will be deployed towards growth initiatives, working capital requirements, and strengthening the company's innovation capabilities in high-tech and mission-critical solutions.
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Business Standard
04-06-2025
- Business
- Business Standard
Apollo Micro Systems raises over Rs 416 cr via equity shares, warrants
Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, on Wednesday announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund. In a statement, the company said the preferential issue involved 2.70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3.80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108.5 crore in initial proceeds. An additional Rs 325.50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants' proceeds. As part of the preferential issue, the promoter group has subscribed to 1.68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible equity warrants and LIC Mutual Fund participated with an allotment of 26.31 lakh shares. The capital raised will be deployed towards growth initiatives, working capital requirements, and strengthening the company's innovation capabilities in high-tech and mission-critical solutions.
Business Standard
22-05-2025
- Business
- Business Standard
Cupid Q4 PAT drops 51% YoY to Rs 12 cr
Cupid reported 51.47% decline in consolidated net profit to Rs 11.51 crore in Q4 FY25 as against Rs 23.72 crore posted in Q4 FY24. Revenue from operations slipped 10.20% YoY to Rs 56.48 crore in the quarter ended 31 March 2025. Profit before tax dropped 50.32% to Rs 16 crore in Q4 FY25, compared to Rs 32.21 crore posted in Q4 FY24. On a standalone basis, the companys net profit fell 51.30% to Rs 11.55 crore on a 10.20% decrease in total income to Rs 56.48 crore in Q4 FY25 compared to Q4 FY24. On a full-year basis, the company's consolidated net profit rose 2.6% to Rs 40.89 crore on a 7.26% decrease in revenue from operations to Rs 183.52 crore in FY25 over FY24. EBITDA for FY25 declined by 16.70% to Rs 41.73 crore, compared to Rs 50.10 crore in FY24. The EBITDA margin for FY25 stood at 22.74%, compared to 29.28% in FY24. Aditya Kumar Halwasiya, chairman and MD, said, We have closed a successful and strong FY25. Since the takeover of Cupid in early Q3 FY24, my team and I have ensured that we maximize stakeholder value across all levels. We remain comfortably capitalized and are ready for the next era of profitable growth spurred by our strong international business along with our cost-effective foray into India's B2C FMCG space, where the best quality Cupid products are available pan-India at a competitive price for the masses. I am content with Cupid Limited's strong performance in FY25 and remain very optimistic for the upcoming years at Cupid as we strive to grow and consolidate our position in the different markets, we are present in. Cupid engaged in the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products. The counter advanced 2.08% to Rs 98.47 on the BSE.
