Monitoring Agency Report for the quarter ended March 31, 2026
ASTRAMICRO · price
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CRISIL Ratings Limited, the Monitoring Agency, submitted its report on Astra Microwave Products Limited's preferential issue of convertible warrants. The total issue size was Rs 173.99 crore, split between working capital requirements (Rs 130.50 crore) and general corporate purposes (Rs 43.49 crore). The company received Rs 43.49 crore during the quarter ended June 30, 2025, with the remaining Rs 130.50 crore still pending from warrant holders who have until December 29, 2026 to convert warrants into equity shares. No proceeds were utilized during the quarter ended March 31, 2026, leaving Rs 43.49 crore unutilized. The Monitoring Agency confirmed no deviations from the disclosed objects of the issue and no major deviations from earlier reports.
The non-utilization of proceeds during Q4 FY2026 indicates the company is holding funds while awaiting the remaining warrant conversion proceeds. This is typical for warrant-based fundraising, but investors should note that Rs 130.50 crore is still pending, and actual deployment for working capital purposes will only begin once full funds are received.