Astra Microwave Products Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
ASTRAMICRO · price
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Awaiting price reaction for this filing.
Astra Microwave Products has filed a quarterly compliance statement confirming there is no deviation or variation in the use of funds raised through its Preferential Issue. The total issue size was INR 173.99 Crores (warrants issued on June 30, 2025), of which only the upfront 25% (INR 43.49 Crores) has been received so far — the balance 75% will come in only when warrant holders choose to convert within 18 months. The received amount of INR 43.49 Crores was fully utilised during the September 2025 quarter for working capital and general corporate purposes, and no fresh proceeds were raised in the October–December 2025 quarter. CRISIL Ratings is acting as the monitoring agency, and the audit committee and auditors have no objections.
This is a routine compliance filing and not a material event. It signals disciplined use of raised capital with no misuse or diversion, which is mildly reassuring for shareholders. No immediate impact on stock price is expected.