Astra Microwave Products Limited (ASTRAMICRO) — Corporate Action

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

🔄 What Changed
Demerged business will operate as standalone listed company; shareholding pattern shifts from 100% promoter to 6.45% promoter and 93.55% public post-demerger.

🔮 What's Next
New entity will seek admission to trading on BSE and NSE subject to regulatory approvals.

💡 Investor Takeaway
Shareholders will receive shares in the new company, with post-demerger ownership reflecting a public float of 93.55%.

Astra Microwave Products announced board approval of a demerger plan to separate its Space, Meteorology and Hydrology business into a new listed entity, Astra Space Technologies Private Limited, via a scheme of arrangement approved by independent and audit committees on 10 June 2026. The demerger will transfer the business as a going concern, with shareholders receiving shares in the new company on a 1:1 ratio, and the new entity will seek exchange listings on BSE and NSE pending regulatory approvals.

📄 View Original Announcement (PDF)

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