Bangalore Astra Microwave Products Limited has received in-principle approval from its Board of Directors to explore the demerger of its Space, Meteorology and Hydrology business into a separate listed entity. The proposal, announced on 27 February 2026, is subject to further approvals and regulatory clearances.
According to a press release issued by the company, the proposed restructuring will result in two independently listed companies. Astra Microwave Products Limited will focus exclusively on the Defence and Aerospace sector, while Astra Space Technologies Private Limited (ASTPL) will house the Space, Meteorology and Hydrology businesses and is proposed to be listed on the BSE and the National Stock Exchange of India.
The company stated that the approval is in-principle and that the final decision on the proposed demerger, including its structure and share exchange ratio, will be taken by the Board after receipt of requisite reports and opinions. The Audit Committee will appoint a Registered Valuer to determine the share exchange ratio and to finalise the structure of the demerger, including identification of assets, liabilities, contracts and employees forming part of the Space, Meteorology and Hydrology business. The business will be transferred to ASTPL on a going-concern basis to ensure operational continuity.
This article was originally published on MACHINIST.IN and is republished here with permission. Read the complete original story at Astra Microwave Proposes Demerger of Space, Meteorology and Hydrology Business into Separate Listed Entity
Friday, February 27, 2026
