Astra Microwave Products Limited — Board Meeting, 20-05-2025: Outcome of Board Meeting

Astra Microwave Products has announced a board meeting approving a preferential issue of up to 20.14 lakh convertible warrants at Rs. 864 each, aiming to raise around Rs. 174 Cr. These warrants will convert into equity shares within 18 months and are reserved for promoter group members and select investors. The company will hold an Extraordinary General Meeting on June 13 via video conference to get shareholder approval for the fundraising. Voting rights will be fixed as of June 6, with a scrutinizer appointed to manage the process.