Acquisition / mergerNotableFiled on BSE ·

Astra Microwave Products Ltd MD S. Gurunatha Reddy to step down; Dr. M. V. Reddy to succeed

Astra Microwave Products · Aerospace & Defense

Arthneeti Research DeskPublished 1 min read

Key highlights

  • Board approved in-principle demerger of Space, Meteorology and Hydrology business into a separate entity on 27-Feb-2026
  • Managing Director S. Gurunatha Reddy to step down on 30-Sep-2026 and join Astra Space Technologies Pvt Ltd as Director
  • Joint Managing Director Dr. M. V. Reddy to become Managing Director of AMPL effective 1-Oct-2026

Why it's rated notable: No amount is stated; the Managing Director change effective 30 September 2026 is announced with a successor from 1 October 2026, but the successor appointment and the new role at Astra Space Technologies are subject to Board approval, so the event is not yet definite.

Original filing

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.