Apollo Micro Systems Limited (AMS) today responded to the National Stock Exchange’s (NSE) inquiry regarding recent fluctuations in its stock price. In a regulatory filing, the company clarified that no undisclosed material information was driving the price changes.

The shares of Apollo Micro Systems Limited (AMS) were trading at ₹131.32, down by ₹6.93 or 5.01 per cent on the NSE today at 1.05 pm.

The company attributed the stock movement purely to market conditions, emphasising that management had no connection to the price fluctuations. AMS disclosed that its most recent significant corporate event was an analyst and institutional investor meeting held on December 21, 2024, which included a facility visit and presentation.

The company has complied with all disclosure requirements under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. The company had provided prior notice of the analyst meeting to stock exchanges on December 18, 2024, and subsequently shared the presentation materials on December 21.

The clarification came in response to NSE’s letter dated January 3, 2025, seeking explanation for the stock’s price movement. AMS assured stakeholders that any material developments would be promptly communicated to the exchange.