Astra Microwave Products Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2025
ASTRAMICRO · price
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Astra Microwave Products Limited has notified the stock exchanges about its 34th Annual General Meeting (AGM) scheduled for Wednesday, September 17, 2025, at 3:00 PM IST, conducted via video conferencing. Key business items include adopting the audited financial statements for FY ending March 31, 2025, declaring a final dividend of Rs. 2.20 per share (payable from September 29, 2025), and re-appointing two directors retiring by rotation. Shareholders will also vote on ratifying the cost auditor's remuneration of Rs. 5,00,000, appointing M/s. L.D. Reddy & Co. as secretarial auditors for five years (FY 2025-26 to 2029-30), and continuing the directorship of a non-executive director who will turn 75 in January 2026. Special resolutions seek to raise the company's borrowing limit to Rs. 2,000 crores under Section 180(1)(c), allow creation of securities up to the same limit, and adopt a new Memorandum and Articles of Association to align with the Companies Act, 2013.
The dividend of Rs. 2.20 per share is positive for shareholders, with payment expected from September 29, 2025. The proposed increase in borrowing powers to Rs. 2,000 crores suggests the company may be planning for growth, expansion, or higher working capital needs, which could indicate future capex or strategic initiatives worth monitoring.