Astra Microwave Products Limited will hold a meeting with analysts and institutional investors on June 22, 2026, at its Hyderabad facility. The interaction is organised by Kotak Institutional Equities and is scheduled to commence at 10:00 AM. The company stated that discussions will be based solely on publicly available information and no unpublished price sensitive information (UPSI) will be shared during the session.

The disclosure was submitted to the exchanges in compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. The company noted that the schedule is subject to change due to exigencies on the part of the participants or the company.

Meeting Schedule

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