Corporate Action10 Jun 2026, 12:34 pm
AMPL Board Approves Demerger of Space Business
AI Summary
Astra Microwave Products Ltd (AMPL) announced that its Board of Directors has approved a Scheme of Arrangement for the demerger of its Space, Meteorology, and Hydrology Business into its wholly-owned subsidiary, Astra Space Technologies Private Limited (ASTPL). The demerger will be conducted on a going concern basis, with ASTPL issuing shares to AMPL shareholders based on a determined ratio. This strategic move is subject to approvals from the National Company Law Tribunal, SEBI, and stock exchanges. The demerged business had a turnover of approximately INR 157 Crores for FY26, representing 13.58% of AMPL's total turnover.
Key Highlights
- Board approved demerger of Space, Meteorology & Hydrology Business.
- Demerger to be into wholly-owned subsidiary ASTPL.
- ASTPL to issue shares to AMPL shareholders post-demerger.
- Demerged business turnover was ₹157 Cr (13.58% of total) in FY26.
- Scheme requires NCLT, SEBI, and stock exchange approvals.
Price Impact
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