Astra Microwave Products to hold 35th AGM on Sep 18, 2026; to consider dividend
Astra Microwave Products Limited will hold its 35th AGM on September 18, 2026, via video conference. The agenda includes adopting FY26 financial statements and declaring a final dividend of ₹2.40 per share. Key resolutions involve re-designating Dr. M. V. Reddy as MD and revising remuneration for Mr. Atim Kabra. Approval for related party transactions up to ₹200 crore with Astra Rafael Comsys Private Limited will also be sought.
The AGM agenda includes several significant items such as dividend declaration, changes in key management roles and remuneration, and approval of substantial related party transactions. These decisions can have a medium-term impact on the company's financial performance, governance, and strategic direction.
The announcement is a notice for the AGM and outlines various resolutions, including financial statement adoption, dividend declaration, director appointments, remuneration changes, and related party transactions. While these are important corporate actions, they do not inherently signal a strong positive or negative shift in the company's immediate outlook.
Astra Microwave Products Limited has announced the notice for its 35th Annual General Meeting (AGM) for the financial year 2025-26. The AGM is scheduled to be held on Friday, September 18, 2026, at 3:00 PM IST through Video Conference (VC) / Other Audio-Visual Means (OAVM).
During the AGM, the company will consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. A key agenda item is the declaration of a final dividend on equity shares for the same financial year. The Board has recommended a dividend of ₹2.40 per share.
The meeting will also address the appointment of directors retiring by rotation, Mr. Prakash Anand Chitrakar and Mr. Atim Kabra. Additionally, shareholders will vote on ratifying the remuneration of the Cost Auditor for the financial year 2026-27, amounting to ₹5,00,000.
Significant resolutions include the re-designation of Dr. M. V. Reddy from Joint Managing Director to Managing Director, effective October 1, 2026, with a revised remuneration package. The company also seeks approval for a revision in the remuneration of Mr. Atim Kabra, Whole-time Director, effective October 1, 2026. Furthermore, approval will be sought for a cash compensation of ₹1,35,00,000 to Mr. S. Gurunatha Reddy, Managing Director.
Approval for material related party transactions with Astra Rafael Comsys Private Limited (ARC), a Joint Venture company, for the financial year 2026-27, with an aggregate value not exceeding ₹200,00,00,000, will also be sought. The AGM will facilitate e-voting for shareholders, with the remote e-voting period commencing on September 14, 2026, and concluding on September 17, 2026.
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Astra Microwave Products Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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