India TV

Stock below Rs 400 gains in volatile market as company incorporates 'ShauryAstra' for advanced defence systems

Shares of Hyderabad-based defence electronics company Apollo Micro Systems Limited are trading in the green even in a weak market, after the company announced the incorporation of a new associate entity, ShauryAstra Defence Systems Private Limited. According to information available on the BSE website, Shauryastra Defence Systems Private Limited has been incorporated in India on August 21, 2026, under the Companies Act, 2013. The new company has been set up as a dedicated technology and development entity.