Astra Microwave to demerge Space and Weather business into ASTPL

Core business divestedStrategic Transactions View source PDF Explain this filing

ASTRAMICRO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹990.90

prior close

₹982.20

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%+0.1% vs market

Aerospace & Defense peers, median of 23sector-0.7%-0.3% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.3 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.2

10m

+1.3

15m

+1.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-1.1+0.1-0.7-0.3

Next day

-0.6-3.3+2.7-1.2+0.6

+0.1-5.8+5.9-3.4+3.5

+3.6-4.9+8.4-1.8+5.4

+5.0-4.9+9.9+0.6+4.3

+1.7-7.5+9.2-0.4+2.1

+3.5-5.4+8.8+1.0+2.4

15d

-10.3-11.7+1.4-9.6-0.7

-11.3-9.6-1.7-10.9-0.4

+14.4+7.2+7.2+15.8-1.4

+40.1+10.5+29.6+25.9+14.1

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Astra Microwave board has given in-principle approval to demerge its Space, Meteorology and Hydrology business into a new entity, Astra Space Technologies Private Limited (ASTPL). ASTPL will have mirror shareholding and be independently listed on BSE and NSE. Astra will become a pure-play Defence and Aerospace company. Share exchange ratio is yet to be set by a Registered Valuer. Demerger via Scheme of Arrangement needing NCLT approval, with target completion of Q1 FY28.

Likely market impact

Could unlock shareholder value by creating two focused listed entities. Subject to regulatory approvals and final board decision.