Astra Microwave Products Limited , a prominent player in the microwave and radar technology sector, has announced a significant change in its corporate structure. The company's non-material subsidiary, Astra Private Limited, formerly known as Astra Foundation, has been struck off by the Ministry of Corporate Affairs, effectively ceasing to exist as a wholly owned subsidiary.

Key Developments

• Subsidiary Dissolution: Astra Private Limited, a non-material subsidiary of Astra Microwave Products Limited, has been struck off the records of the Ministry of Corporate Affairs.
• Voluntary Application: The strike-off was initiated through an application filed by Astra Private Limited itself.
• Effective Date: The information regarding the strike-off was received on September 26.

Background of Astra Private Limited

Astra Private Limited, originally established as Astra Foundation on July 9, 2016, was incorporated as a non-profit organization under Section 8 of the Companies Act, 2013. Its primary objectives included:

• Providing donations for education, welfare, and medical treatments for the poor and needy
• Establishing, promoting, and maintaining schools for orphanages
• Supporting poor houses for relief and assistance to the poor, old, and infirm people

Financial Impact

The dissolution of Astra Private Limited is expected to have minimal impact on Astra Microwave Products Limited's financials. For the financial year ended March 31, Astra Private Limited reported:

These figures indicate that the subsidiary had negligible contribution to the consolidated income and net worth of Astra Microwave Products Limited.

Corporate Compliance

Astra Microwave Products Limited has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that this information will be available on its official website at www.astramwp.com .

The strike-off of Astra Private Limited marks a streamlining of Astra Microwave Products Limited's corporate structure, potentially allowing the company to focus more efficiently on its core operations in the microwave and radar technology domain.

Astra Microwave Products Limited , a leading player in the microwave and electronic systems industry, recently conducted its 34th Annual General Meeting (AGM) via video conferencing. The meeting, which took place on September 17, 2025, saw the participation of 76 members and addressed several key agenda items that are crucial for the company's future direction.

Dividend Declaration

One of the highlights of the AGM was the declaration of a dividend of Rs 2.20 per equity share, with a face value of Rs 2 each, for the financial year 2024-25. This announcement is likely to be welcomed by shareholders as a sign of the company's financial health and commitment to returning value to its investors.

Key Agenda Items

The AGM covered a total of 11 agenda items, which included both ordinary and special business matters:

1. Adoption of audited financial statements (standalone and consolidated) for FY 2024-25
2. Declaration of dividend
3. Reappointment of directors Dr. M. V. Reddy and Mr. Suresh Kumar Somani
4. Ratification of Cost Auditors' remuneration
5. Appointment of Secretarial Auditors
6. Approval for the continuation of directorship for Mr. Prakash Anand Chitrakar
7. Increase in borrowing powers
8. Creation of securities
9. Adoption of new Memorandum of Association
10. Adoption of new Articles of Association

Special Resolutions

Several special resolutions were put forward during the meeting, including:

• Approval for Mr. Prakash Anand Chitrakar to continue as a director beyond the age of 75 years
• Increase in the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013
• Creation of securities under Section 180(1)(a) of the Companies Act, 2013
• Adoption of a new Memorandum of Association and Articles of Association

Shareholder Engagement

The management addressed various queries from shareholders, demonstrating transparency and open communication. Topics discussed included:

• Company outlook and future prospects
• Current order pipeline
• Reasons for increasing borrowing powers
• Possibility of plant visits for shareholders
• Five-year roadmap for the company
• AI initiatives and their potential impact on the business

Voting Process

The company provided an e-voting facility to its members for all resolutions proposed at the AGM. The e-voting period was from September 13 to September 16, 2025. Additionally, members who hadn't cast their votes through e-voting were given the opportunity to do so during the AGM.

Looking Ahead

In a separate announcement, Astra Microwave Products Limited also informed that company officials will be attending a group meeting with investors and analysts, organized by Jefferies, on September 23, 2025, in Hyderabad. This meeting suggests the company's commitment to maintaining open lines of communication with the investment community.

The results of the AGM voting are expected to be announced within 48 hours of the meeting's conclusion, providing further clarity on the shareholders' approval of the proposed resolutions.

As Astra Microwave Products Limited moves forward with these approved measures, investors and industry observers will be keen to see how these decisions impact the company's growth trajectory and financial performance in the coming years.