Apollo Micro Systems Acquires Stake in ShauryAstra Defence Systems to Pursue Unsolved and Futuristic Defence Challenges Under Dr. V. K. Saraswat
New associate company to develop complete weapon systems, long-range systems, unmanned platforms and advanced defence technologies under the leadership of former DRDO chief and Secretary, Department of Defence R&D Apollo Micro Systems Limited (BSE: 540879, NSE: APOLLO) has strengthened its long-term commitment to indigenous defence technology with an investment in ShauryAstra Defence Systems Private Limited, a newly incorporated technology and development company established to pursue some of the most challenging, unsolved and futuristic operational problem statements of the Indian Armed Forces. Apollo Micro Systems has subscribed to 3,400 equity shares of ShauryAstra Defence Systems Private Limited at a face value of ₹10 per share for an aggregate consideration of ₹34,000, representing 34% of the paid-up equity share capital of the company. ShauryAstra, incorporated on August 21, 2026, is now an associate of Apollo Micro Systems. The new entity has been created with a dedica...