Astra Microwave Products Limited — Important, 30-06-2025: Updates

Astra Microwave Products has announced a board meeting to approve the financial results for the quarter and half-year. The company has allotted 20.14 lakh convertible warrants at Rs. 864 each, aggregating Rs. 174 Cr, to six investors including promoter and non-promoter groups. An upfront payment of Rs. 43.5 Cr (25%) has been received. These warrants are convertible into equity shares within 18 months on payment of the remaining amount. This infusion strengthens Astra’s equity base, supporting growth and operational scaling.