Astra Microwave's board granted in-principle approval for demerger of Space, Meteorology & Hydrology business into a separate entity.
Managing Director S. Gurunatha Reddy steps down effective Sep 30, 2026, to lead the demerged space business at Astra Space Technologies.
Dr. M.V. Reddy, currently Joint MD, will assume the role of Managing Director from October 1, 2026.