Astra Microwave Products Ltd. Recommends ₹2.40 Dividend; Approves FY26 Audited Results
Astra Microwave Products Limited's Board approved FY26 audited results and recommended a dividend of ₹2.40 per share. The company reported an order book of ₹2,141.21 crore. An in-principle approval was given for the demerger of its Space, Meteorology, and Hydrology business into a subsidiary.
The dividend announcement and approval of financial results are significant for shareholders. The demerger plan, while still in early stages, indicates strategic restructuring.
The recommendation of a dividend and the approval of audited financial results, coupled with a strong order book, are positive indicators for the company.
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 year ended March 31, 2026, and the results for the quarter and year ended on the same date.
Additionally, the Board recommended a dividend of ₹2.40 per equity share (120% on a 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 dividend payment and dispatch of warrants will adhere to specified timelines post-AGM. The company will announce the AGM date and record date 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.
Further, the Board of Directors, in a meeting held on February 27, 2026, gave in-principle approval for the demerger of the Space, Meteorology, and Hydrology business undertakings into its wholly-owned subsidiary, Astra Space Technologies Private Limited. This demerged entity is intended to be listed. The definitive transaction scheme is yet to be approved by the Board and is subject to further regulatory approvals.
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Astra Microwave Products Limited filed this with the NSE as a statutory disclosure, categorised under dividend. 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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See the model portfoliosA plain-language summary of a public exchange filing by Astra Microwave Products Limited. Read the original for the full detail.