Astra Microwave to demerge space, meteorology & hydrology biz into a separately listed entity

Astra Microwave Products is planning a demerger. Its space, meteorology, and hydrology business will become a new company called Astra Space Technologies Private Limited. This move aims for sharper management focus and better operational efficiency. Shareholders can expect value unlocking. The company expects to complete this by the first quarter of FY28.