ASTRA MICROWAVE PRODUCTS LIMITED
Key Announcement
A meeting of the Board of Directors of Astra Microwave Products Limited is scheduled to be held on Wednesday, 10th June 2026.
The primary agenda item for the board to consider is a business restructuring under Sections 230 to 232 of the Companies Act, 2013. This includes the consideration of a draft Scheme of Arrangement for a demerger between Astra Microwave Products Limited and Astra Space Technologies Private Limited.
Parties Involved
The proposed demerger is between the listed entity, Astra Microwave Products Limited, and its subsidiary, Astra Space Technologies Private Limited.
Financial and Operational Impact
The disclosure does not quantify the financial, operational, or capital structure impact of the proposed demerger. The communication is an intimation of the board meeting to consider the scheme, not the approval of the scheme itself.
Purpose and Rationale
The stated purpose is "business restructuring."
Next Steps
The outcome of the board meeting and the details of the proposed scheme are subject to the board's consideration and approval on June 10, 2026.