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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Astra Microwave Products has filed a quarterly compliance statement confirming there is no deviation or variation in the use of proceeds from its preferential issue. The company raised Rs. 43.50 crore (Rs. 43,49,99,160) on June 30, 2025, by allotting 20,13,885 convertible warrants at Rs. 864 each to 6 allottees, with 25% upfront payment received. The stated purpose of the funds is working capital requirements and general corporate purposes. CRISIL Ratings Limited is the monitoring agency for the issue. As of the quarter ended June 30, 2025, no funds have been utilised yet, and the company confirms full adherence to the original objects of the issue.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. The warrants are convertible into equity within 18 months, which could result in share dilution if exercised. Investors should track future filings to see when the funds are deployed and for what specific purposes.