Exchanges clear demerger of Space, Meteorology and Hydrology business
ASTRAMICRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 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.
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On October 29, 2026, BSE gave no adverse observations and NSE gave no objection to Astra Microwave's proposed scheme to demerge its Space, Meteorology and Hydrology business into Astra Space Technologies Private Limited. The exchange letters allow the company to file the scheme with NCLT, which must happen within six months. Regulatory, shareholder and other approvals are still pending.
Positive near-term sentiment as a key hurdle is cleared. NCLT and shareholder approvals, share ratio and dilution details still pending.