ASTRAMICRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Astra Microwave Products Limited has filed a compliance statement confirming no deviation or variation in the use of proceeds from its preferential issue. The company raised INR 173.99 Crores through warrant issuance (total issue size), with INR 43.49 Crores (25% upfront) received on June 30, 2025. The balance 75% will be received when warrant holders exercise conversion options within 18 months. The INR 43.49 Crores received was fully utilized by September 2025 for working capital (Rs. 40 Crores) and general corporate purposes (Rs. 3.49 Crores). During Q4 FY26 (ended March 2026), no additional proceeds were raised as the warrant conversion option was not exercised. CRISIL Ratings Limited is the monitoring agency.
Positive for shareholders as the company confirms funds are being used as stated in the offer document with no deviations, indicating proper utilization of the preferential issue proceeds.