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.

Astra Microwave Products Limited , a leading defense electronics company, has reported a strong start to the fiscal year with significant growth in revenue and a robust order book. The company's performance underscores its pivotal role in India's defense sector and its expanding capabilities in radar systems and space technologies.

Q1 Performance Highlights

Astra Microwave recorded standalone revenue of INR 197.00 crores for Q1, marking a substantial 28.1% year-over-year increase. This growth reflects the strength of the company's core business and its ability to capitalize on the expanding opportunities in the defense and aerospace sectors.

Robust Order Book and Future Prospects

The company's standalone order book stands at INR 1,891.00 crores as of June 30, providing strong visibility for future quarters. Additionally, its joint venture, Astra Rafael Comsys Private Limited (ARC), holds an order book exceeding INR 400.00 crores.

S. G. Reddy, Managing Director of Astra Microwave, expressed confidence in the company's growth trajectory, stating, "We are expecting order inflows of INR 1,300.00-1,400.00 crores for the fiscal year and are targeting 18-20% revenue growth while aiming to maintain or slightly improve profit margins."

Strategic Developments and Key Programs

Astra Microwave has secured several significant orders and is involved in critical defense programs:

1. DRDO Contract: The company received a INR 135.00 crore order from the Defense Research and Development Organization (DRDO) for ground-based radar system upgradation.

2. Virupaksha Radar Program: Astra Microwave has secured orders for Active Array Antenna Units for the Virupaksha radar program, demonstrating its expertise in advanced radar technologies.

3. Uttam Radar: The company is actively involved in the development of the Uttam radar for the LCA Mk1A aircraft, with potential orders in the pipeline.

4. Shipborne Radar: A development contract for shipborne radar is nearing completion, with potential follow-on orders from the Indian Navy.

5. Missile Programs: Astra Microwave is contributing to X-band seeker development for missile programs, with expectations of significant orders in the coming years.

Diversification and Technology Advancements

The company is expanding its capabilities across multiple domains:

• Space Sector: Astra Microwave has established a wholly-owned subsidiary, Astra Space Technologies Private Limited, to focus on space business opportunities. The company is setting up clean room facilities in Bangalore for satellite assembly and integration.

• Weather Radars: The company is a key player in the Mausam program, supplying Doppler weather radars and developing indigenous software for weather data interpretation.

• Anti-Drone Systems: Astra Microwave is actively participating in over three dozen programs related to anti-drone systems, positioning itself in this rapidly growing market segment.

• Ground Penetrating Radar: The company has developed a handheld ground penetrating radar, with potential orders expected from paramilitary forces.

Outlook

Dr. M.V. Reddy, Joint Managing Director, commented on the company's future prospects: "With a strong order inflow, healthy pipeline, and strengthened technology capabilities, we are confident of delivering consistent growth and creating long-term value for our stakeholders."

Astra Microwave's focus on executing strategic contracts, expanding into new market segments, and developing indigenous technologies positions it well for sustained growth in the evolving defense and aerospace landscape. The company's diversified portfolio and strong order book provide a solid foundation for its ambitious growth targets in the coming years.

As India continues to emphasize self-reliance in defense manufacturing, Astra Microwave Products Limited appears well-positioned to play a crucial role in the nation's strategic capabilities across multiple domains.