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Astra Microwave Products Limited announced on June 18, 2025, that it has received "In-principle" approvals from BSE Limited and National Stock Exchange of India Limited (NSE).

• These approvals are under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The approvals are for the issue of 20,13,885 warrants, each convertible into 20,13,885 equity shares.
• The equity shares have a face value of ₹2 each.
• The issue price for these warrants (convertible into equity shares) is ₹864 each.
• The issuance will be on a preferential basis to both the promoter group and non-promoters.
• The company is advised to strengthen internal controls to monitor trades by proposed allottees and obtain undertakings from them confirming no intra-day trading or sale of the scrip until allotment, as per SEBI (ICDR) Regulations.

• Astra Microwave Products Limited held an Extraordinary General Meeting (EGM) on June 13, 2025, via video conferencing with 67 members present.
• The meeting was chaired by Dr. Avinash Chander, who addressed the members and invited questions regarding the issue of convertible warrants on a preferential basis.
• Mr. S. Gurunatha Reddy, Managing Director, addressed shareholder queries related to interim dividend, order book, and company performance.
• Members were informed about the e-voting facility, which was open from June 9, 2025, to June 12, 2025.
• The agenda included the issue of up to 20,13,885 convertible warrants of ₹2 each, convertible into equity shares of ₹2 each, to promoter and non-promoter groups on a preferential basis.
• Mr. L.D. Reddy, Practicing Company Secretary, was appointed as the scrutinizer for the e-voting process.
• The e-voting results will be announced within 48 hours and will be available on the BSE, NSE, company, and CDSL websites. The meeting concluded at 11:34 A.M IST.

• Astra Microwave Products Limited held a conference call on May 23, 2025, to discuss Q4 and FY25 earnings.
• FY25 revenue reached ₹1,044 crore (standalone), a 15% year-on-year growth.
• Gross profit margins improved to 43.9% in FY25 from 39% in FY24.
• EBITDA margin for FY25 was 25.5%, and PAT stood at ₹143 crore, with a margin of 13.7%.
• The company received new orders worth ₹1,098 crore (standalone) during the year, primarily from radar (₹556 crore), electronic counter intelligence (₹226 crore), telemetry (₹36 crore), space (₹60 crore), exports (₹79 crore), and metrology & hydrology (₹140 crore) sectors.
• Standalone order book stands at ₹1,951 crore, with 91% domestic and 9% export orders.
• Consolidated order book, including service orders, is approximately ₹2,304 crore.
• The Board approved a fundraise of ₹174 crore via preferential issue to strengthen the balance sheet.
• A dividend of ₹2.20 per share was approved, up from ₹2.00 last year.
• Joint venture company, Astra Rafael Comsys, is expected to reach ₹350+ crore in sales with a PBT of about 12% in the coming year.
• Capital expenditure of ₹45 crore is budgeted for test equipment and another ₹45 crore for additional production space.
• Management aims for a top-line growth of around 20% with a bottom line of about 18% and an order book target of about ₹1,400 crore for FY26.
• The company is part of the Kusha development program and provides subsystems like TR modules and Receiver/Exciters.
• The company has a significant portion of subsystems in the QRSAM program.
• The company is also focusing on the space sector, with plans to build its own satellites for generating revenue from data.
• The company is developing counter-drone solutions.
• The company is also working on technology demonstrated versions for Su-30 and LCA Mark 2.
• The company expects to book revenues close to around ₹1,200 crore plus.
• The company expects JVC, ARC is doing extremely well, and to book orders worth of close to $100-plus million. And the revenue, we are expecting around ₹350 crore plus.