10 Jun 2026
Astra Microwave's board approved demerging its space, meteorology and hydrology business into wholly owned Astra Space Technologies, a unit contributing 157 crore rupees or 13.58 percent of revenue.
Shareholders receive one Astra Space share for each held, with separate listing targeted by Q1 FY28, isolating a pure-play space arm amid India's private space boom.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.