Shares of aerospace and defense company Apollo Micro Systems gained on Thursday on the back of winning defense orders. The company informed through an exchange filing that it has secured a valuation of Rs 43 crore.
The company said in an exchange filing, “With reference to the subject titled and in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, we are pleased to inform that the company has secured projects worth Rs 43.98 crore. “
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Apollo Micro Systems is a smallcap company. It is a leader in the design, development, assembly and testing of electronic and electro-mechanical solutions. It caters to aerospace, defense and space, railways and automotive sectors.
Apollo Micro Systems shares have given a whopping 139 per cent return in the last one year. For perspective, a share which was available at Rs.138 is now available at Rs.331.
Meanwhile, the company’s board had announced a split of its shares last month. The Board of Directors in its meeting held on 21st January approved sub-division of equity shares of face value of Rs 10 each in the ratio of 10:1. This means that each share will be divided into 10 shares.
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After the Split becomes effective, the face value of each share of Apollo Micro Systems will come down to Re 1 per share.
As per the exchange filing, the record date for the split of equity shares will be decided by the board and will be intimated in due course.