Announced Fri, 3 Apr · 18:30 IST
MD S. Gurunatha Reddy to step down Sep 30, 2026; Jt MD M.V. Reddy to take over Oct 1
ASTRAMICRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.2%1-day move
₹956.95
prior close
₹957.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.5-3.8-4.1-3.6+4.2+5.8+5.8+5.6+6.7+12.8+15.2+13.6+47.2+93.1
Up moveDown movePending
AI summary
Board approved in-principle demerger of Space, Meteorology & Hydrology business into Astra Space Technologies Pvt Ltd. MD S. Gurunatha Reddy will step down as MD on Sep 30, 2026, but continue as Executive Director in AMPL and join ASTPL as Director to lead the demerger. Current Jt MD Dr. M.V. Reddy will take over as MD from Oct 1, 2026.
Likely market impact
Planned transition tied to demerger. Continuity preserved as MD becomes ED and Jt MD elevated. Neutral to mildly positive if demerger unlocks value.