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The said scheme involves demerger of Space, Meteorology and Hydrology Business (as defined in the Scheme) from AMPL into ASTPL on a going concern basis. ASTPL will issue shares to AMPL shareholders based on a determined share ratio, and the transaction will be carried out as a going concern in compliance with applicable laws and tax provisions.
For the full year,net profit rose 25.71% to Rs 192.97 crore in the year ended March 2026 as against Rs 153.51 crore during the previous year ended March 2025. Sales rose 10.62% to Rs 1162.80 crore in the year ended March 2026 as against Rs 1051.18 crore during the previous year ended March 2025.
Total expense jumped 10.88% year on year to Rs 353.25 crore during the quarter. The cost of materials consumed was Rs 188.21 crore (up 1% YoY), while employee benefits expense stood at Rs 58.06 crore (up 26.08% YoY) during the period under review.
The company has recommended a dividend of Rs 2.40 per equity share (120% of the face value of Rs 2 each) for FY26, subject to shareholders’ approval at the ensuing AGM. The record date and AGM date for the dividend payout will be announced in due course.
Astra Microwave Products is a defence electronics company.
Shares of Steel Authority of India (SAIL) and Sammaan Capital are banned from F&O trading on 9 January 2026.
Initial Public Offer (IPO):
Bharat Coking Coal India IPO opens for subscription on 9 January 2026 to 13 January 2026. The IPO price band has been set between Rs 21 to Rs 23 per share with a lot size of 600 shares.
Result Today:
Globus Spirits, Indian Renewable Energy Development Agency (IREDA) and Tejas Networks will declare their quarterly results later today.
Stocks to Watch:
Indian energy Exchange (IEX) will be in focus today as the Electricity Appellate Tribunal (APTEL) is scheduled to hear the market coupling case on Friday, January 9 at 10:30 AM.
Power Grid Corporation of India has been declared as successful bidder under Tariff Based Competitive Bidding to establish 3GW transmission project situated in Davanagere, Karnataka.
Rail Vikas Nigam (RVNL) has received a letter of award(LoA) from East Coast Railway for setting up of wagon POH workshop of 200 Nos. capacity at Kantabanji.
Sagar Cements’ board approved the offer for sale of up to 75,00,000 equity shares of face value of Rs 10 each equivalent to 8.14% of the total issued equity share capital of its subsidiary, Andhra Cements, through the stock exchange mechanism and in accordance with the OFS Guidelines.
Astra Microwave Products’ joint venture, Astra Rafael Comsys has received Rs 275.27 crore order from Indian Air Force for integration of software defined radio (SDR) and installation of network centric application (NCO) on MiG-29 aircraft.
Bharat Forge has signed a Memorandum of Understanding (MoU) with Agile Robots S.E. to jointly explore the space of AI driven robotics and intelligent industrial automatiom.
Venus Remedies has obtained marketing authorisation in Indonesia for its antibiotic combination Ceftazidime and Avibactam.
Astra Microwave Products is engaged in the business of designing, developing, and manufacturing of defence, aerospace and space electronics systems, subsystems, and components.
The company’s consolidated net profit fell 5.87% to Rs 23.90 crore on a 6.55% increase in revenue from operations to Rs 214.58 crore in Q2 FY26 over Q2 FY25.