Regulatory26 May 2026, 12:19 pm
Astra Microwave: No Deviation in Preferential Issue Proceeds
AI Summary
Astra Microwave Products Ltd confirms no deviation or variation in the use of proceeds from its preferential issue, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended March 31, 2026. The company raised ₹173.99 Crores through preferential issues, with ₹43.49 Crores received upfront as of June 30, 2025. CRISIL Ratings Limited is the monitoring agency. The funds were allocated to meet working capital requirements (₹130.50 Crores) and general corporate purposes (₹43.49 Crores).
Key Highlights
- Astra Microwave confirms no deviation in use of preferential issue proceeds.
- ₹173.99 Cr raised via preferential issue, ₹43.49 Cr received upfront.
- Funds allocated for working capital (₹130.50 Cr) and corporate purposes (₹43.49 Cr).
- CRISIL Ratings Limited is the monitoring agency for the issue.
- No new proceeds raised during the quarter ended March 31, 2026.
Price Impact
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