Astra Microwave Products Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on Jun 13, 2025
ASTRAMICRO · price
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Astra Microwave Products held its Extraordinary General Meeting on June 13, 2025, via video conferencing, with 67 members present. The key item on the agenda was a Special Resolution to issue up to 20,13,885 convertible warrants of Rs. 2/- each, which can be converted into equity shares of the same face value within 18 months, to be allotted on a preferential basis to members of the promoter group and non-promoter category. The Managing Director addressed shareholder queries regarding the interim dividend, order book, and overall company performance. E-voting took place between June 9 and June 12, 2025, and voting results were to be announced within 48 hours of the meeting's conclusion at 11:34 AM.
The proposed issuance of convertible warrants could lead to dilution of existing shareholders' equity if and when the warrants are converted into shares. Shareholders should watch for the official voting results and any details on the issue price, as preferential allotments are typically priced above market and may influence short-term stock sentiment.