Monitoring agency report for the quarter ended 30.06.2025
ASTRAMICRO · price
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Astra Microwave Products Limited has submitted the quarterly Monitoring Agency Report from Crisil Ratings Limited for its Rs 173.99 crore Preferential Issue of convertible warrants, conducted on June 23-24, 2025. The total issue size is split into Rs 130.50 crore for working capital needs and Rs 43.49 crore for general corporate purposes. During the quarter, the company only received Rs 43.49 crore, which is parked in the preferential issue account; the remaining Rs 130.50 crore is yet to come in from warrant holders upon conversion of warrants into shares within 18 months. No funds were utilised during the quarter, with deployment starting in July 2025. Crisil confirmed no deviation from the stated objects and no other issues requiring attention.
This is a routine compliance filing confirming that the company's preferential issue proceeds are being used as planned. No negative signals — the timing of fund utilisation simply reflects the structure of the warrant-based issue. Neutral impact on shareholders; no immediate effect on stock price expected.