Astra Microwave Products Limited (AMPL) has announced that its board has approved a scheme of arrangement involving the demerger of its Space, Meteorology and Hydrology business.
The business will be transferred to Astra Space Technologies Private Limited (ASTPL), a wholly owned subsidiary of the company, subject to regulatory and statutory approvals.
According to the company, the approved scheme provides for the transfer of the Space, Meteorology and Hydrology business from Astra Microwave Products to Astra Space Technologies on a going concern basis.
The proposed demerger is subject to approvals from the National Company Law Tribunal (NCLT), SEBI, BSE, NSE, and other regulatory authorities.
The company stated that the Space, Meteorology and Hydrology business recorded a turnover of approximately ₹157 crore during FY26.
The division accounted for around 13.58% of Astra Microwave Products' total turnover for the financial year ended March 31, 2026.
Astra Microwave Products said the demerger is aimed at creating two sector-focused entities.
Post the demerger, Astra Microwave Products will focus on Radar Electronics, Electronic Warfare and Telemetry businesses, while Astra Space Technologies will focus on Space, Meteorology and Hydrology operations.
Under the approved scheme, Astra Space Technologies will issue one fully paid-up equity share of ₹2 each for everyone fully paid-up equity share of ₹2 held in Astra Microwave Products.
The company stated that no cash consideration will be paid under the scheme.
Following the effectiveness of the scheme, the shares of Astra Space Technologies are proposed to be listed on both the NSE and BSE, subject to receipt of necessary approvals.
The company added that the shareholding pattern of Astra Space Technologies will mirror that of Astra Microwave Products after the demerger.
Read More: Astra Microwave Products Share Price Gains Over 3% After Q4 FY26 Earnings Results: Net Profit up 44.2% YoY!
As of 10 June 2026, at 1:50 PM, Astra Microwave Products share price is trading at ₹1,451.00 per share, reflecting a decline of 0.46% from the previous closing price.
With the approval of the scheme of arrangement, Astra Microwave Products has initiated the process of separating its Space, Meteorology and Hydrology business into Astra Space Technologies. The proposed demerger remains subject to regulatory, stock exchange, and tribunal approvals.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 10, 2026, 3:10 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
