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What is the story about?
Shares of Apollo Micro Systems Ltd. hit 5% upper circuit on Monday, December 22, after the company said it has received two approvals from the Defence Research and Development Organisation (DRD) for two distinct transfers of technology (To) in the directed energy weapon (DEW) systems.
The two district transfer for technology are:
Apollo Micro Systems said the ToTs strengthen the firm's capabilities in the DEW sub-systems, including laser-based engagement systems and electro-optical tracking solutions, and are aligned with India's defence indigenisation.
DEW systems use high-powered lasers to inflict damage on targets. Compared to traditional weapons, which mainly rely on physical and kinetic energy, DEW uses directed energy to heat up and destroy or damage the target.
The technologies will enable Apollo Micro to design, manufacture and support critical DEW sub-systems for defence applications and enhance indigenous capability in advanced weapon systems.
The company's managing director Karunakar Reddy said the firm is currently developing critical anti-drone systems under the 'Make' category for the Indian Armed Forces, wherein both soft-kill and hard-kill solutions, including rocket-based interceptors, are being developed to counter swarm drone threats.
"The DEW technologies received through these ToT will serve as an additional capability, complementing our ongoing development efforts, particularly in view of the rapidly evolving threat landscape posed by aerial systems," Reddy added.
On another note, earlier this month, Apollo Micro said its shareholders had rejected its proposal for approving related party transactions. The transactions, valued at nearly ₹500 crore, witnessed 99.73% of institutional shareholders vote against the proposal. The value of the transactions was nearly 90% of the audited annual consolidated revenue of the firm for the financial year 2025, which stood at ₹562 crore.
Shares of Apollo Micro Systems were up 5% at ₹249.8 apiece around 10.15 am on Monday. The stock has gained 107% this year, so far.
Also Read: Avendus bets on this Jhunjhunwala-family backed stock, projects 20% upside
The two district transfer for technology are:
- ToT-Multi-channel 10kW laser DEW systems from the DRDO Lab, Centre for Higher Energy Systems & Sciences, Hyderabad
- ToT-EO Tracking System with EO Sensors for DEW from the DRDO Lab, Instruments Research & Development Establishment (IRDE), Dehradun.
Apollo Micro Systems said the ToTs strengthen the firm's capabilities in the DEW sub-systems, including laser-based engagement systems and electro-optical tracking solutions, and are aligned with India's defence indigenisation.
DEW systems use high-powered lasers to inflict damage on targets. Compared to traditional weapons, which mainly rely on physical and kinetic energy, DEW uses directed energy to heat up and destroy or damage the target.
The technologies will enable Apollo Micro to design, manufacture and support critical DEW sub-systems for defence applications and enhance indigenous capability in advanced weapon systems.
The company's managing director Karunakar Reddy said the firm is currently developing critical anti-drone systems under the 'Make' category for the Indian Armed Forces, wherein both soft-kill and hard-kill solutions, including rocket-based interceptors, are being developed to counter swarm drone threats.
"The DEW technologies received through these ToT will serve as an additional capability, complementing our ongoing development efforts, particularly in view of the rapidly evolving threat landscape posed by aerial systems," Reddy added.
On another note, earlier this month, Apollo Micro said its shareholders had rejected its proposal for approving related party transactions. The transactions, valued at nearly ₹500 crore, witnessed 99.73% of institutional shareholders vote against the proposal. The value of the transactions was nearly 90% of the audited annual consolidated revenue of the firm for the financial year 2025, which stood at ₹562 crore.
Shares of Apollo Micro Systems were up 5% at ₹249.8 apiece around 10.15 am on Monday. The stock has gained 107% this year, so far.
Also Read: Avendus bets on this Jhunjhunwala-family backed stock, projects 20% upside
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