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:

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:

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.

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.

Astra Microwave Products Limited has formally communicated to its shareholders about its participation in the Second 100-Day Campaign — 'Saksham Niveshak' — initiated by the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs (MCA). The intimation, dated May 06, 2026, was filed with the stock exchanges and is accompanied by a shareholder communication dated May 05, 2026, aimed at creating awareness about KYC updation and the recovery of unclaimed dividends.

About the 'Saksham Niveshak' Campaign

The Saksham Niveshak campaign is a targeted initiative by IEPFA, MCA, designed specifically for shareholders whose dividends remain unpaid or unclaimed. The campaign runs from April 1, 2026 to July 9, 2026, providing shareholders a defined window to complete necessary updates and claim their dues before such amounts are transferred to the Investor Education and Protection Fund.

Key details of the campaign are summarised below:

Shareholder Action Required

Astra Microwave Products has noted in its shareholder communication that dividends previously declared and distributed have not yet been claimed or encashed by certain shareholders. The company has emphasised that dividend on shares is payable only in electronic mode, and will be credited to a shareholder's bank account only after the relevant information and documents have been updated with the depository or Registrar and Transfer Agent (RTA).

Shareholders are requested to take the following steps to claim their unpaid dividends:

• Contact their Depository Participant (DP) to update KYC details, including the latest bank account details with IFSC code.
• Contact the company's RTA for all enquiries and claims related to unpaid or unclaimed dividends.

Shareholders are also required to furnish the following information to the RTA:

• Full name and address
• Updated Client Master List (CML) along with a duly signed request letter
• DP ID and Client ID (Demat ID)

Registrar and Share Transfer Agent Contact Details

For assistance with share transfers, transmissions, change of address, non-receipt of dividends, and related matters, shareholders may reach out to the company's RTA at the following address:

Additional information related to the campaign is available on the company's website at: https://astramwp.com/special-window-for-re-lodgement-of-transfer-requests-of-physical-shares/

Company Details

Astra Microwave Products Limited is headquartered at ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad – 500084, Telangana. The company holds certifications under ISO 9001, ISO 14001, ISO 45001, and ISO 27001 standards. The exchange intimation was signed by T. Anjaneyulu, Company Secretary & Compliance Officer.