Astra Microwave Products Limited (ASTRAMICRO) — Board Meeting

📢 Key Event
Board approved demerger of Space, Meteorology and Hydrology business into new listed entity Astra Space Technologies Private Limited.

🔄 What Changed
Demergger creates separate listed entity; shareholding shifts from 100% promoter to 6.45% promoter and 93.55% public; turnover of demerged unit is 157 Crores (~13.58% of total).

🔮 What's Next
The demerged entity will be listed on BSE and NSE subject to regulatory approvals.

💡 Investor Takeaway
Shareholders will receive one new share for each existing share, resulting in a new publicly traded company with distinct sector exposure.

The board approved a scheme to demerge the Space, Meteorology and Hydrology business into a new listed entity, Astra Space Technologies Private Limited, via share swap where each existing share will be exchanged for one new share. The demerger will shift 13.58% of turnover to the new company, create separate sector-focused entities, and seek exchange approvals before implementation.

📄 View Original Announcement (PDF)

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