April 17, 2026: Shares of Apollo Micro Systems Ltd surged more than 16% on Friday after the company received a government licence to manufacture defence equipment and ammunition, including advanced weapon systems.
The stock, which has delivered an impressive 768% return over the past three years, witnessed strong buying interest following the announcement, positioning it firmly on investors’ radar in the defence space.
Government licence details
The licence has been issued by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.
- Date of issuance: April 10, 2026
- Validity: Lifetime
What the licence allows
Under this approval, the company is now permitted to:
- manufacture, assemble and test high-capacity weapon systems
- produce missiles and anti-tank guided missiles (ATGMs)
- develop torpedoes, aerial bombs, and rockets
- manufacture loitering munitions
- build countermeasure systems such as chaff, flares and decoys
All production and testing will be carried out at the company’s Hyderabad facility, with a planned capacity of 1,000 units annually per category.
