Appointment Of Secretarial Auditor and Continuation Of Directorship Of Mr. Prakash Anand Chitrakar (DIN: 00003213) as a Non-Executive Director Of The Company
ASTRAMICRO · price
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Astra Microwave Products reported strong Q1 FY26 results with standalone revenue from operations rising ~28% YoY to Rs. 197.26 crores (vs Rs. 153.95 crores in Q1 FY25). Standalone profit after tax more than doubled to Rs. 13.00 crores (vs Rs. 5.23 crores), with EPS at Rs. 1.37 (vs Rs. 0.55). Consolidated PAT stood at Rs. 16.27 crores. The standalone order book was Rs. 1,890.95 crores and consolidated order book was Rs. 2,236.19 crores. The company received Rs. 43.50 crores (25% upfront) towards the Rs. 173.99 crore convertible warrant issue approved earlier. Separately, the board approved appointing M/s. L.D. Reddy & Co. as Secretarial Auditor for 5 years (FY26–FY30), altering the MOA and AOA, scheduling the 34th AGM for September 17, 2025, and seeking shareholder approval to continue Mr. Prakash Anand Chitrakar as Non-Executive Director beyond age 75.
Strong YoY revenue and profit growth signals improving business momentum, supported by a healthy order book of over Rs. 2,200 crores at the consolidated level. The warrant-related fundraising strengthens the balance sheet, and the corporate governance items (secretarial auditor appointment, director continuation) are routine and require shareholder approval at the upcoming AGM.