12-Jun-2026 19:06:13
ASTRA MICROWAVE : BOARD APPROVES DEMERGER OF SPACE BUSINESS 🚀
• 🛰️ Board approved demerger of Space, Meteorology & Hydrology Business into wholly-owned subsidiary Astra Space Technologies Pvt Ltd (ASTPL) • 📊 Demerged business reported FY26 turnover of ₹157 Cr, contributing 13.58% of Astra Microwave's total revenue • 🎯 Demerger aims to create two sector-focused listed entities: Defence Electronics, Electronic Warfare & Telemetry Space, Meteorology & Hydrology • 💡 Move expected to improve management focus, operational efficiency, capital allocation and unlock shareholder value • 🔄 Shareholders will receive 1 equity share of ASTPL for every 1 equity share of Astra Microwave held • 📈 ASTPL shares will be listed separately on NSE & BSE, subject to regulatory approvals • 🤝 Post demerger, ASTPL shareholding will mirror Astra Microwave's shareholding pattern 🟢 Impact: Positive (Value unlocking through separate listing of the high-growth space business and sharper business focus.)
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