Astra Microwave Products receives no adverse observations from BSE and NSE on Scheme
Astra Microwave Products Ltd · Aerospace & Defense
What the filing says
- Received observation letters with "no adverse observations" from BSE and "no objection" from NSE dated October 29, 2026
- Scheme of Arrangement involves demerger of Space, Meteorology and Hydrology business to Astra Space Technologies Private Limited
- Compliance and disclosure requirements stipulated by NSE and SEBI include publication of information memorandum, frozen shares till listing, and filings within six months of observation letters
Why it's rated notable: The filing covers a demerger of the Space, Meteorology and Hydrology business to Astra Space Technologies Private Limited with no value stated, and the scheme remains subject to regulatory and other approvals, so it is non-binding and medium at most.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
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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.