Astra Microwave Products Limited — Others, 13-08-2025: Statement of deviation(s) or variation(s) under Reg. 32
13-08-2025 | 04:06 pm
13-08-2025 | 04:06 pm
Astra Microwave Products has confirmed that funds raised from its Preferential Issue, amounting to Rs. 43.50 Cr, show no deviation from their intended use. These funds, collected from 20,13,885 convertible warrants issued at Rs. 864 each (with a Rs. 216 upfront payment per warrant), are allocated for working capital and general corporate purposes. Although no utilization occurred during the quarter, this update assures investors the capital remains aligned with its original stated objectives, enhancing financial transparency.
No comments yet. Be the first to comment!
