Astra Microwave Products has approved a Scheme of Arrangement to demerge its Space, Meteorology, and Hydrology business into its wholly owned subsidiary, Astra Space Technologies Private Limited. The Board of Directors approved the scheme on June 10, 2026, based on the recommendations of the Independent Directors Committee and Audit Committee. This strategic move aims to unlock value by creating two sector-focused entities, enhancing operational focus and attracting sector-specific investors.

Scheme Details

The demerger involves transferring the Space, Meteorology, and Hydrology Undertaking on a going concern basis. Astra Space Technologies Private Limited will issue shares to the eligible shareholders of Astra Microwave Products. The transaction is structured as a share exchange without any cash consideration.

Financial and Operational Impact

The turnover of the demerged undertaking for the financial year ended March 31, 2026, was approximately ₹157 Crores, representing 13.58% of the total turnover of Astra Microwave Products. The company stated that the distinct industry characteristics and risk profile of the Space, Meteorology, and Hydrology business necessitate a differentiated growth strategy. Upon the effectiveness of the scheme, the shareholding of the resulting company will mirror that of the demerged company.

Shareholding Pattern

Astra Space Technologies is currently a wholly owned subsidiary. Post-demerger, its shareholding pattern will reflect the public listing of the new entity.

Regulatory Approvals

The scheme is subject to approvals from the National Company Law Tribunal (NCLT), Securities and Exchange Board of India (SEBI), BSE Limited, and National Stock Exchange of India Limited. The shares issued under the scheme will be listed on both BSE and NSE upon receipt of requisite approvals.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE386C01029/6130c05f-3f0f-4a01-847d-b9644f936f0f.pdf

Astra Microwave Products Limited will engage with analysts and institutional investors on June 12, 2026, at its Hyderabad facility. The meeting, organized by DAM Capital, aims to discuss the company's performance and outlook based on publicly available information. No unpublished price sensitive information (UPSI) will be shared during the interaction, ensuring compliance with regulatory standards.

The disclosure was made under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. T. Anjaneyulu, the Company Secretary & Compliance Officer, signed the intimation on June 08, 2026. The company noted that changes to the schedule may occur due to exigencies on the part of the host or the company.

The meeting details are outlined below:

Astra Microwave Products Limited operates multiple manufacturing units and an R&D centre across Telangana and Karnataka. The company specializes in microwave and RF systems for defense and strategic sectors.