Astra Microwave Products Share Price in Focus; Board Approves Demerger of Space, Meteorology and Hydrology Business

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. 

Board Approves Demerger Scheme 

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. 

Demerged Business Contributed ₹157 Crore Revenue in FY26 

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. 

Company Plans 2 Sector-Focused Entities 

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. 

Share Entitlement Ratio Announced 

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. 

Resulting Company to Seek Listing 

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! 

Astra Microwave Products Share Price Performance 

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. 

Conclusion 

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. 

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