Astra Microwave Products Declares ₹2.40 Dividend, Approves FY26 Audited Results
Astra Microwave Products Limited approved its audited standalone and consolidated financial results for FY26. The company recommended a dividend of ₹2.40 per share. The order book stood at ₹2,141.21 crore as of March 31, 2026. An in-principle approval was given for demerging the Space, Meteorology, and Hydrology business.
The dividend recommendation and approval of audited results are material for investors. The potential demerger also indicates future strategic changes.
The announcement includes the approval of audited financial results and a dividend recommendation, which are generally positive for shareholders.
Astra Microwave Products Limited announced the outcome of its Board meeting held on May 26, 2026. The Board approved the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the audited financial results for the quarter and year ended on the same date.
Furthermore, the Board recommended a dividend of ₹2.40 per equity share (120% on face value of ₹2) for the financial year 2025-26. This recommendation is subject to the approval of the company's members at the upcoming Annual General Meeting (AGM). The exact AGM date and record date for dividend payment will be announced in due course.
The company also reported an order book of ₹2,141.21 crore as of March 31, 2026, which includes ₹242.29 crore for service orders. Orders booked during the year amounted to ₹1,335.58 crore.
Additionally, the Board had previously given in-principle approval on February 27, 2026, for the demerger of the Space, Meteorology, and Hydrology business undertakings into its wholly-owned subsidiary, Astra Space Technologies Private Limited, for future listing. The definitive transaction scheme is yet to be finalized and requires further approvals.
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Astra Microwave Products Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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