Astra Microwave Products Schedules Board Meeting on May 26, 2026 to Approve Q4 FY26 Results and Consider Dividend

Astra Microwave Products has notified the stock exchanges of a board meeting scheduled for Tuesday, May 26, 2026, to consider and approve its audited financial results for the fourth quarter and the full year ended March 31, 2026. The intimation was filed on May 18, 2026, in compliance with Regulation 30 of the applicable listing regulations.

Key Agenda Items

The board meeting has been convened to address the following matters:

Agenda Item:	Details
Financial Results:	Audited Standalone and Consolidated Financial Results for Q4 and year ended March 31, 2026
Dividend Consideration:	To consider and recommend dividend on equity shares, if any, for FY 2025-26
Meeting Date:	Tuesday, May 26, 2026

Trading Window Closure

In accordance with the company's code to regulate, monitor, and report trading by insiders, Astra Microwave Products had previously notified the exchanges vide a letter dated March 25, 2026 regarding the trading window closure. The trading window close period for all designated persons and their relatives commenced from April 1, 2026 and will conclude on May 28, 2026. During this period, designated persons are restricted from dealing in the securities of the company.

The filing was signed by T. Anjaneyulu, Company Secretary and Compliance Officer of Astra Microwave Products, and submitted to both BSE Limited and the National Stock Exchange of India Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.74%	-2.17%	-0.81%	+11.65%	-0.04%	+804.59%

Astra Microwave Products Limited has received the Monitoring Agency Report from Crisil Ratings Limited for the quarter ended March 31, 2026, in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report pertains to the utilisation of proceeds from the company's Preferential Issue of convertible warrants, which was conducted during June 23–24, 2025. The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited on May 12, 2026, by Company Secretary and Compliance Officer T. Anjaneyulu.

Issue Overview

The Preferential Issue was undertaken to raise funds for working capital requirements and general corporate purposes. The total issue size, being monitored by Crisil Ratings Limited, amounted to Rs 173.99 crore. The key details of the issue are summarised below:

Parameter:	Details
Issue Period:	June 23, 2025 to June 24, 2025
Type of Issue:	Preferential Issue (PI)
Type of Securities:	Convertible Warrants
Total Issue Size:	Rs 173.99 crore
Promoter:	Mr. Prakash Anand Chitrakar
Industry/Sector:	Aerospace and Defense
Monitoring Agency:	Crisil Ratings Limited

Utilisation of Issue Proceeds

As per the report, no proceeds were utilised during the quarter ended March 31, 2026. The cumulative utilisation as at the end of the quarter stood at Rs 43.49 crore, while Rs 130.50 crore remained unutilised. The following table details the progress against the objects of the issue:

Item Head:	Amount as per Offer Document (Rs in crore)	Utilised at Beginning of Quarter (Rs in crore)	Utilised During Quarter (Rs in crore)	Utilised at End of Quarter (Rs in crore)	Total Unutilised (Rs in crore)
Working Capital Requirement:	130.50	40.00	Nil	40.00	90.50
General Corporate Purposes:	43.49	3.49	Nil	3.49	40.00
Total:	173.99	43.49	Nil	43.49	130.50

Of the total issue proceeds of Rs 173.99 crore, the company received Rs 43.49 crore during the quarter ended June 30, 2025. The remaining Rs 130.50 crores are yet to be received from the warrant holders. As per the notice to shareholders dated June 13, 2025, the warrant holders have the option to convert the warrants into equity shares within 18 months from the date of allotment of the share warrants, which is by December 29, 2026.

Cost of Objects — No Revision

The Monitoring Agency confirmed that there has been no revision to the originally disclosed costs for either object of the issue. The amount allocated for General Corporate Purposes does not exceed 25% of the issue proceeds, amounting to Rs 43.49 crore, in line with regulatory requirements.

Sr. No.:	Item Head	Original Cost as per Offer Document (Rs in crore)	Revised Cost (Rs in crore)	MA Comment
1:	Working Capital Requirement	130.50	NA	No revision
2:	General Corporate Purposes	43.49	NA	No revision
Total:		173.99	—	—

Compliance and Monitoring Observations

The Monitoring Agency's report confirmed full compliance across all key parameters for the quarter ended March 31, 2026. The key findings are summarised below:

Utilisation as per Offer Document: Yes — no proceeds were utilised during the reported quarter
Deviation from objects: Not applicable
Change in means of finance: No
Material deviation from earlier monitoring reports: No
Unfavourable events affecting viability: No
Favourable events improving viability: No
Delay in implementation: Not applicable
Deployment of unutilised proceeds: Not applicable

The report was prepared on the basis of a management undertaking, bank statements, the notice of EGM, and a peer-reviewed Independent Chartered Accountant (ICA) certificate dated April 24, 2026, issued by M/s C. Ramachandram & Co., Chartered Accountants (Firm Registration Number: 002864S). The report was signed by Shounak Chakravarty, Director, Ratings (LCG), on behalf of Crisil Ratings Limited.