Astra Microwave Products Ltd Receives In-Principle Approval for Space, Meteorology and Hydrology Business Demerger

Astra Microwave Products Ltd announced that its Board of Directors has given in-principle approval to demerge the Space, Meteorology and Hydrology business undertakings into a separate entity. The management believes this move will enable focused management attention, operational efficiency, tailored growth strategies, and capital allocation suited to the Space, Meteorology and Hydrology sector. The proposed demerger is expected to unlock value for the company's shareholders. The Audit Committee will appoint a Registered Valuer to determine the share exchange ratio and finalize the structure of the proposed demerger.