Astra Microwave Products Confirms 'Not a Large Corporate' Status Under SEBI Framework
Astra Microwave Products Limited disclosed to BSE and NSE that it does not qualify as a Large Corporate under SEBI framework, with outstanding borrowings of Rs. 85.88 crore as on March 31, 2026. The company maintains strong CRISIL credit ratings across all facilities and operates multiple manufacturing units with ISO certifications.
*this image is generated using AI for illustrative purposes only.
Astra Microwave Products Limited has formally disclosed to stock exchanges that it does not qualify as a Large Corporate entity under the Securities and Exchange Board of India (SEBI) framework. The company submitted this disclosure on April 13, 2026, to both BSE and the National Stock Exchange of India Limited.
Regulatory Compliance Disclosure
The disclosure was made in reference to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, read with SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to fund raising by issuance of debt securities by large entities.
The company confirmed that it is "Not a Large Corporate" as per the framework and applicability criteria specified under the aforementioned SEBI circulars.
Financial Position and Credit Ratings
| Parameter: | Details |
|---|---|
| Outstanding Borrowings (March 31, 2026): | Rs. 85.88 crore |
| Long-Term Bank Facilities Rating: | CRISIL A/Positive |
| Short-Term Bank Facilities Rating: | CRISIL A1 |
| Corporate Credit Rating: | CRISIL A/Positive |
| Credit Rating Agency: | CRISIL Ratings Limited |
The company has maintained strong credit ratings across all categories, with CRISIL reaffirming its ratings during the previous financial year. The positive outlook on long-term facilities and corporate credit rating reflects the company's financial stability.
Corporate Structure and Operations
Astra Microwave Products Limited operates from its registered office at ASTRA Towers in Hyderabad's HITEC City. The company maintains multiple manufacturing units across Telangana and a dedicated R&D Centre in Bangalore Aerospace Park, Karnataka.
The company holds ISO certifications across multiple standards including ISO 9001, ISO 14001, ISO 45001, and ISO 27001, demonstrating its commitment to quality, environmental management, occupational health and safety, and information security management.
Stock Exchange Compliance
As part of the disclosure requirements, the company has designated the National Stock Exchange of India Limited as the exchange where any fine would be paid in case of shortfall in required borrowing under the SEBI framework. The company is listed on both BSE (Scrip code: 532493) and NSE (Scrip code: ASTRAMICRO).
The disclosure was signed by T. Anjaneyulu, Company Secretary & Compliance Officer, and Srinivasarao Devathi, Chief Financial Officer, ensuring proper authorization and compliance with regulatory requirements.
Historical Stock Returns for Astra Microwave Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.30% | +9.38% | +5.51% | -4.86% | +37.82% | +790.47% |
Will Astra Microwave's non-Large Corporate status limit its access to debt capital markets for future expansion plans?
How might the company's positive credit rating outlook translate into improved borrowing terms or increased credit facilities?
Could Astra Microwave's strong regulatory compliance position it for potential government defense contracts in the aerospace sector?
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