Apollo Defence Completes Acquisition of IDL Explosives
Filing Summary
Apollo Micro Systems Ltd, through its subsidiary Apollo Defence Industries Private Limited, has completed the acquisition of IDL Explosives Limited from GOCL Corporation Limited. This transaction results in IDL Explosives becoming a step-down subsidiary of Apollo Micro Systems. The acquisition aligns with Apollo’s strategic plans in the defence sector, particularly in the area of explosives and related technologies. The completion of this acquisition was announced on November 17, 2025, and marks a significant step in Apollo’s expansion within the defence industry.
Apollo Micro Systems Ltd has announced the completion of the acquisition of IDL Explosives Limited by its subsidiary, Apollo Defence Industries Private Limited. The shares were transferred from GOCL Corporation Limited, making IDL Explosives a step-down subsidiary of Apollo Micro Systems. This acquisition was completed on November 17, 2025, as per the company’s previous intimation dated May 2, 2025.
The financial terms of the acquisition were not disclosed in the filing. However, the transaction involved the complete transfer of ownership of IDL Explosives Limited to Apollo Defence Industries Private Limited. The acquisition was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
IDL Explosives Limited operates manufacturing facilities in Rourkela and other locations. The acquisition is part of Apollo Micro Systems’ strategy to expand its capabilities in the defence sector, particularly in the production of high-end defence-grade explosives, propellants, and warhead systems. This move is intended to enhance Apollo’s existing expertise in weapon system electronics and platforms.
The acquisition of IDL Explosives is positioned within the broader context of Apollo Micro Systems’ strategic initiatives in the defence sector. The company aims to consolidate its position by integrating IDL’s capabilities with its own, thereby expanding its footprint in the defence explosives market. This aligns with India’s Atmanirbhar initiative in defence, promoting self-reliance in critical defence technologies.
The acquisition was finalized on November 17, 2025, following the transfer of shares from GOCL Corporation Limited to Apollo Defence Industries Private Limited. This corporate action marks a significant milestone in Apollo Micro Systems’ growth trajectory within the defence industry.
GOCL Corporation Limited is involved in various sectors, including explosives and mining. The transfer of IDL Explosives Limited to Apollo Defence Industries is part of its strategic realignment to focus on core business areas.
Apollo Micro Systems Ltd, established in 1985, is a technology provider specializing in high-performance, mission-critical solutions for the defence sector. The company is focused on evolving into a multidisciplinary defence systems provider, offering comprehensive solutions from weapon system electronics to complete weapon system complexes.