Business Update10 Jun 2026, 12:30 pm
Astra Microwave Products to Demerge Space Business
AI Summary
Astra Microwave Products Ltd (AMPL) announced its Board of Directors has approved a Scheme of Arrangement to demerge its Space, Meteorology, and Hydrology Business into its wholly-owned subsidiary, Astra Space Technologies Private Limited (ASTPL). The demerged undertaking had a turnover of approximately INR 157 Crores for the financial year ended March 31, 2026, representing 13.58% of AMPL's total turnover. ASTPL will issue shares to AMPL shareholders based on a determined ratio. The scheme is subject to approvals from the National Company Law Tribunal, SEBI, and stock exchanges.
Key Highlights
- Board approves demerger of Space, Meteorology, Hydrology Business.
- Demerged business contributed INR 157 Cr turnover in FY26.
- Turnover represents 13.58% of total company turnover.
- Demerger into wholly-owned subsidiary ASTPL.
- Scheme requires NCLT, SEBI, and stock exchange approvals.
Price Impact
More from ASTRAMICRO