ASTRAMICRO · price
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Astra Microwave Products held its 34th AGM on September 17, 2025 via video conferencing, with all 11 resolutions approved by the required majority. Key ordinary resolutions covered adoption of audited financial statements for FY25, declaration of final dividend, re-appointment of two directors (Dr. M.V. Reddy and Mr. Suresh Kumar Somani), ratification of cost auditor remuneration, and appointment of secretarial auditors. Special resolutions included continuation of directorship of Mr. Prakash Anand Chitrakar beyond age 75, increase in borrowing powers under Section 180(1)(c), creation of securities under Section 180(1)(a), and adoption of a new Memorandum and Articles of Association. About 75 public shareholders attended via VC; of the ~9.49 crore total shares, roughly 4.85 crore (51.03%) were voted. Most resolutions passed with over 99.8% approval, while the borrowing power increase and securities creation passed with 94.32%.
Unanimous approval of all resolutions signals healthy shareholder confidence and no governance concerns. The passing of increased borrowing powers and securities creation (94.32% approval) indicates the company may be preparing for higher debt-funded expansion or capex. Final dividend approved for FY25 rewards shareholders, while the new MoA/AOA brings the company fully in line with the Companies Act, 2013.