Astra Microwave Products Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Astra Microwave Products submitted its quarterly statement confirming no deviation or variation in the use of proceeds from a preferential issue of warrants completed on 30 June 2025. The total issue size was INR 173.99 crores, but only INR 43.49 crores (25% upfront) was received as subscription money for 20,13,885 warrants at INR 216 per warrant. The remaining 75% (INR 648 per warrant) is payable when the warrant holder exercises conversion into equity shares within 18 months. Of the INR 43.49 crores received, INR 40.00 crores was allocated and fully utilised for working capital, and INR 3.49 crores for general corporate purposes — all deployed during the September 2025 quarter. No fresh proceeds were raised in Q4 March 2026 as the warrant conversion had not been triggered. CRISIL Ratings is the monitoring agency. Both the audit committee and auditors confirmed no deviations.