Interim report
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AMP August 10 , 2026 To The General Manager Department of Corporate Relations BSE Limited Sir Phiroze Jeejeebhoy Towers , ASTRA MICROWAVE PRODUCTS LIMITED Regd . Office : ASTRA Towers , Survey No. 12 ( P ) , Kothaguda Post , Kondapur , Hitech City , Hyderabad - 500084 , Telangana , INDIA Tel : + 91-40-46618000 , 46618001. Fax : + 91-40-46618048 Email : mktg@astramwp.com , website : www.astramwp.com CIN : L29309TG1991PLC013203 Dalal Street , Fort , Mumbai - 400 001 Scrip code : 532493 Dear Sir / Madam , To The Vice President , Listing Department The National Stock Exchange of India Limited Exchange Plaza , Bandra Kurla Complex , Bandra ( East ) , Mumbai - 400 051 Scrip code : ASTRAMICRO Sub : Outcome of Board meeting - under Regulation 33 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 - Reg . 1. We are sending herewith a copy of standalone and consolidated un - audited financial results along with Limited review report of our company for the first quarter ended 30th June , 2026 under Regulation 33 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 . The said Results has been approved and taken on record in the Meeting of Board of Directors of the company held today i.e. 10 th August , 2026. Annexure - I . 2. Taken note of resignation of Mr. S. Gurunatha Reddy ( DIN : 00003828 ) as Managing Director and Director of the Company , with effect from 30th September , 2026 . In continuation of our earlier intimation dated April 03 , 2026 regarding the resignation of Mr. S. Gurunatha Reddy ( DIN : 00003828 ) from the position of Managing Director of the Company , we hereby inform that Mr. S. Gurunatha Reddy ( DIN : 00003828 ) , shall cease to be Managing Director and Director of the Company , with effect from the close of business hours 30th September , An ISO 9001 , ISO 14001 , ISO 45001 and ISO 27001 Certified Company Works : Unit 1 : Plot No. 12 , ANRICH Industrial Estate , Bollaram , Medak Dist . , Telangana - 502325 Unit 2 : Plot No. 56A , ANRICH Industrial Estate , Bollaram , Medak Dist . , Telangana - 502325 Unit 3 : Sy . No. 1/1 , Imarath Kancha , Raviryala ( V ) , Maheshwaram ( Mdl ) R.R.Dist . , Telangana - 500005 Unit 4 : Sy . No. 1/1 , Plot No. 18 to 21 , Imarath Kancha , Hardware Park , Raviryala ( V ) , Maheswaram ( M ) , R.R.Dist , Telangana - 500005 Unit 7 : Sy . No.114 / 1 , Plot No. S - 2 / 9 & 10 , E - City , Raviryala & Srinagar ( V ) , Maheswaram ( M ) , R.R.District , Telangana - 501359 R & D Centre : Plot No. 51 ( P ) , Bangalore Aerospace Park , Singanahalli Village , Budigere Post , Bangalore North Taluk , Karnataka - 562149
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ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office: ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad - 500084, Telangana, INDIA Tel:+91-40-46618000, 46618001. Fax:+91-40-46618048 Email:mktg@astramwp.com,website:www.astramwp.com CIN: L29309TG1991PLC013203 An ISO 9001, ISO 14001, ISO 45001 and ISO 27001 Certified Company Works: Unit 1: Plot No. 12, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana – 502325 Unit 2: Plot No. 56A, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana - 502325 Unit 3: Sy. No. 1/1, lmarath Kancha, Raviryala (V), Maheshwaram (Mdl) R.R.Dist., Telangana - 500005 Unit 4: Sy. No. 1/1, Plot No. 18 to 21, lmarath Kancha, Hardware Park, Raviryala (V), Maheswaram (M), R.R.Dist, Telangana – 500005 Unit 7: Sy. No.114/1, Plot No. S-2/9 & 10, E-City, Raviryala & Srinagar (V), Maheswaram (M), R.R.District, Telangana - 501359 R&D Centre: Plot No. 51(P), Bangalore Aerospace Park, Singanahalli Village, Budigere Post, Bangalore North Taluk, Karnataka - 562149 3. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on August 10, 2026, approved the appointment of Dr. M. V. Reddy (DIN: 00421401), presently serving as the Joint Managing Director, as the Managing Director of the Company with effect from October 1, 2026. The appointment is for the balance period of his existing tenure, which is approved up to April 29, 2028, and is subject to the approval of the members at the ensuing Annual General Meeting. The details required in terms of Regulation 30 read with, clause 7 & 7C of Para A of Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026 are given in Annexure - A. 4. 35th Annual General Meeting: The Board approved that the 35th Annual General Meeting of the Members of the Company be held on Friday, 18th September, 2026 at 3.00 P.M through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting of the Board of directors commenced at 11: 30 A.M. and concluded at 01:00 P.M. The above information will be made available on the Company’s website www.astramwp.com. This is for your information and records. Thanking you, Yours faithfully For Astra Microwave Products Limited T. Anjaneyulu Company Secretary & Compliance Officer
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Price Waterhouse Chartered Accountants LLP Price Waterhouse Chartered Accountants LLP, Unit - 2B, 8th Floor, Octave Block, Block E1, Parcel - 4, Salarpuria Sattva Knowledge City, Raidurg, Hyderabad, Telangana - 500081 T: +91 (40) 44246740 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC- 5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N) Review Report To The Board of Directors Astra Microwave Products Limited Astra Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad, Telangana - 500084 1. We have reviewed the standalone unaudited financial results of Astra Microwave Products Limited (the “Company”) for the quarter ended June 30, 2026, which are included in the accompanying Standalone unaudited financial results for the quarter ended June 30, 2026 (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been digitally signed by us for identification purposes. This Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Srikanth Pola Partner Membership Number: 220916 UDIN: 26220916INKMRY1436 Place : Hyderabad Date: August 10, 2026
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(All amounts are in Rs. Lakhs, unless otherwise stated) Year ended June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 Unaudited (Refer note: 4 below) Unaudited Audited 1 Income a) Revenue from operations 17,620.54 48,721.75 19,725.70 115,566.75 b) Other income 241.52 709.57 253.72 1,876.63 Total income (a+b) 17,862.06 49,431.32 19,979.42 117,443.38 2 Expenses a) Cost of materials consumed 13,982.42 19,483.55 13,421.22 59,572.86 b) Changes in inventories of work-in-progress and finished goods c) Employee benefits expense 2,917.16 5,397.66 3,004.47 15,411.34 1,081.30 1,444.09 1,443.92 5,504.34 1,161.70 1,271.60 926.78 4,309.09 1,755.81 2,442.91 1,941.26 8,982.34 Total expenses (a to f) 16,545.86 35,446.62 18,254.13 92,938.77 3 Profit before tax (1 - 2) 1,316.20 13,984.70 1,725.29 24,504.61 4 Income tax expense - Current tax expense 453.09 3,732.38 532.75 6,631.91 - Deferred tax expense/(credit) (119.14) (274.03) (107.08) (138.22) - Income tax relating to prior years - - - 227.19 5 Profit for the period/year (3 - 4) 982.25 10,526.35 1,299.62 17,783.73 6 Other comprehensive income 150.17 139.91 187.27 62.85 (37.79) (35.21) (47.13) (15.82) Total other comprehensive income 112.38 104.70 140.14 47.03 7 1,094.63 10,631.05 1,439.76 17,830.76 8 a) Basic 1.03 11.09 1.37 18.73 b) Diluted 1.02 11.07 1.36 18.68 9 Paid-up equity share capital 1,898.90 1,898.90 1,898.90 1,898.90 (Rs. 2/- per equity share) Total comprehensive income (5 + 6) Earnings per equity share (in Rs.) (Rs. 2/- per equity share) (841.20) (4,352.53) 5,406.81 (2,483.52) (ii) Income tax relating to item (i) above e) Depreciation and amortisation expense f) Other expenses Items that will not be reclassified to profit or loss (i) Remeasurements of post-employment benefit obligations ASTRA MICROWAVE PRODUCTS LIMITED Registered Office : Astra Towers, Sy.No: 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad, Telangana - 500084 CIN: L29309TG1991PLC013203 Standalone unaudited financial results for the quarter ended June 30, 2026 S.No Particulars Quarters ended d) Finance costs
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ASTRA MICROWAVE PRODUCTS LIMITED Registered Office : Astra Towers, Sy.No: 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad, Telangana - 500084 CIN: L29309TG1991PLC013203 Standalone unaudited financial results for the quarter ended June 30, 2026 Notes: 2 4 5 6 7 For and on behalf of the Board of Directors Place: Hyderabad S. Gurunatha Reddy Date: 10-August-2026 Managing Director DIN : - 00003828 On June 10, 2026, the Board of Directors approved the Scheme of Arrangement between Astra Microwave Products Limited (the “Demerged Company”) and Astra Space Technologies Private Limited ( the “Resulting Company”) and their respective shareholders and creditors, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and applicable SEBI regulations, providing for the demerger of the Space, Meteorology and Hydrology Business of the Company on a going concern basis. The Scheme has been filed with the BSE and National Stock Exchange for their No Objection. The Scheme would become effective after receipt of all requisite approvals as mentioned in the Scheme. Pending receipt of necessary approvals, no effect of the Scheme has been given in the standalone financial results for the quarter ended June 30, 2026. The Company has only one business segment i.e. it deals in Radio Frequency & Microwave products and hence segment wise reporting is not applicable. The Board of the Directors of the Company at its meeting held on May 20, 2025 and the shareholders of the company at Extraordinary General Meeting held on June 13, 2025 has approved the allotment of up to 20,13,885 convertible warrants each convertible into, or exchangeable for, one fully paid up equity share of the Company, having a face value of Rs. 2, within the period of eighteen months in accordance with the applicable laws at a price of Rs. 864 aggregating up to Rs. 173.99 crores ("issue proceeds"). During the previous year ended March 31, 2026, the Company has received 25% of the issue proceeds i.e., Rs. 43.50 crores (Upfront monies) on June 23, 2025 and June 24, 2025. Figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year and the unaudited published year-to-date figures up to the third quarter of the respective financial year. On November 21, 2025, the Government of India notified four labour codes—the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”)—which consolidate twenty‑nine existing labour laws into a comprehensive framework governing employee benefits during and after employment. The Ministry of Labour and Employment has also issued draft Central Rules and FAQs to facilitate assessment of the financial implications of these changes. Based on management’s evaluation, and considering the guidance issued by the Institute of Chartered Accountants of India, the Company has concluded that the estimated impact on its existing obligations is not material. The Company will continue to monitor the finalisation of central and state rules and further governmental clarifications, and will recognise any necessary accounting impact arising from such developments in due course. 3 The company has an order book of Rs. 2,156.44 crores as at June 30, 2026 which also includes Rs. 258.03 crores pertaining to service orders. Orders booked during the period from April 01, 2026 to June 30, 2026 are Rs. 194.28 crores. 1 The Standalone financial results for the quarter ended June 30, 2026 are prepared in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India, read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The same were, as reviewed by the Audit Committee, considered and approved by the Board of Directors at its meeting held on August 10, 2026.
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Price Waterhouse Chartered Accountants LLP Price Waterhouse Chartered Accountants LLP, Unit - 2B, 8th Floor, Octave Block, Block E1, Parcel - 4, Salarpuria Sattva Knowledge City, Raidurg, Hyderabad, Telangana - 500081 T: +91 (40) 44246740 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N) Review Report To The Board of Directors Astra Microwave Products Limited Astra Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad, Telangana – 500084. 1. We have reviewed the consolidated unaudited financial results of Astra Microwave Products Limited (the “Holding Company”), its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the “Group”), and its share of the net profit after tax and total comprehensive income of its joint ventures and associate company (refer Note 1 on the Statement) for the quarter ended June 30, 2026 which are included in the accompanying Consolidated unaudited financial results for the quarter ended June 30, 2026 (the “Statement”). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been digitally signed by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company’s Management and has been approved by the Holding Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting”, prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (‘SRE’) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: Astra Defence Technologies Private Limited (formerly known as Bhavyabhanu Electronics Private Limited) - Subsidiary Aelius Semiconductors Pte. Ltd - Subsidiary Astra Space Technologies Private Limited - Subsidiary Astra Rafael Comsys Private Limited - Joint venture Navictronics Private Limited - Joint venture Janyu Technologies Private Limited – Associate
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Price Waterhouse Chartered Accountants LLP 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The consolidated unaudited financial results include the interim financial information of one subsidiary which have not been reviewed by their auditors, whose interim financial information reflect total revenue of Rs. Nil, total net loss after tax of Rs. 12.30 lakhs and total comprehensive loss of Rs. 12.30 lakhs for the quarter ended June 30, 2026, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group’s share of net loss after tax of Rs. 38.10 lakhs and total comprehensive loss of Rs. 38.10 lakhs for the quarter ended June 30, 2026 as considered in the consolidated unaudited financial results, in respect of one associate and one joint venture based on their interim financial information, which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Srikanth Pola Partner Membership Number: 220916 UDIN: 26220916BODPYY6945 Place: Hyderabad Date: August 10, 2026
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(All amounts are in Rs. Lakhs, unless otherwise stated) Year ended June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026 Unaudited (Refer note: 5 below) Unaudited Audited 1 17,666.22 48,824.33 19,972.50 116,280.16 239.16 699.10 251.54 1,848.77 17,905.38 49,523.43 20,224.04 118,128.93 2 13,689.81 18,820.80 13,175.30 57,873.01 3,233.20 5,806.11 3,251.11 16,611.38 1,081.30 1,448.29 1,459.36 5,555.54 1,189.24 1,295.71 934.42 4,373.48 1,820.90 2,531.98 1,988.52 9,217.19 16,630.08 35,325.43 18,270.72 92,833.66 3 1,275.30 14,198.00 1,953.32 25,295.27 4 298.10 (94.03) 154.15 780.38 5 1,573.40 14,103.97 2,107.47 26,075.65 6 463.41 3,804.61 591.61 6,704.25 (124.84) (298.45) (111.52) (152.87) - - - 227.19 7 1,234.83 10,597.81 1,627.38 19,297.08 8 149.28 127.93 187.00 47.79 (1.49) (5.96) - (5.96) (37.57) (32.20) (47.06) (12.03) (0.28) 30.70 (0.23) 56.63 - - - - 109.94 120.47 139.71 86.43 9 1,344.77 10,718.28 1,767.09 19,383.51 10 Profit for the period attributable to Owners of the company 1,234.83 10,597.81 1,627.38 19,297.08 Non-controlling interests - - - - 11 Other comprehensive income/(loss) attributable to Owners of the company 109.94 120.47 139.71 86.43 Non-controlling interests - - - - 12 Owners of the company 1,344.77 10,718.28 1,767.09 19,383.51 Non-controlling interests - - - - 13 a) Basic 1.30 11.16 1.71 20.32 1.29 11.14 1.71 20.27 14 1,898.90 1,898.90 1,898.90 1,898.90 Total other comprehensive income Total comprehensive income (7 +8) Total comprehensive income attributable to Earnings per equity share (in Rs.) (Rs. 2/- per equity share) b) Diluted Paid-up equity share capital (Rs. 2/- per equity share) (ii) Income tax relating to items that will be reclassified to profit or loss - Current tax expense - Income tax relating to prior years - Deferred tax expense / (credit) Profit for the period/year (5 - 6) Other comprehensive income a) Items that will not be reclassified to profit or loss (i) Remeasurements of post-employment benefit obligations (iii) Income tax relating to items that will not be reclassified to profit or loss b) Items that will be reclassified to profit or loss (i) Exchange differences on translation of foreign operations (ii) Share of other comprehensive income of joint ventures a) Revenue from operations ASTRA MICROWAVE PRODUCTS LIMITED Registered Office : Astra Towers, Sy. No: 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad, Telangana - 500084 CIN: L29309TG1991PLC013203 S.No Particulars Consolidated unaudited financial results for the quarter ended June 30, 2026 Quarters ended Income Income tax expense finished goods c) Employee benefits expense d) Finance costs Profit before tax and share of net profit/(loss) of investment in joint ventures and associate (1-2) Share of profit/(loss) of joint ventures and associate Profit before tax (3 + 4) e) Depreciation and amortisation expense f) Other expenses Total expenses (a to f) (796.94) 5,422.54 (2,537.99) b) Changes in inventories of work-in-progress and b) Other income Total income (a+b) Expenses a) Cost of materials consumed (4,384.37)
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ASTRA MICROWAVE PRODUCTS LIMITED Registered Office : Astra Towers, Sy. No: 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad, Telangana - 500084 CIN: L29309TG1991PLC013203 Consolidated unaudited financial results for the quarter ended June 30, 2026 Notes: 5 6 7 8 For and on behalf of the Board of Directors Place: Hyderabad S. Gurunatha Reddy Date: 10-August-2026 Managing Director DIN : - 00003828 On November 21, 2025, the Government of India notified four labour codes—the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”)—which consolidate twenty‑nine existing labour laws into a comprehensive framework governing employee benefits during and after employment. The Ministry of Labour and Employment has also issued draft Central Rules and FAQs to facilitate assessment of the financial implications of these changes. Based on management’s evaluation, and considering the guidance issued by the Institute of Chartered Accountants of India, the Group has concluded that the estimated impact on its existing obligations is not material. The Group will continue to monitor the finalisation of central and state rules and further governmental clarifications, and will recognise any necessary accounting impact arising from such developments in due course. On June 10, 2026, the Board of Directors of the Company approved the Scheme of Arrangement between Astra Microwave Products Limited (the “Demerged Company”) and Astra Space Technologies Private Limited ( the “Resulting Company”) and their respective shareholders and creditors, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and applicable SEBI regulations, providing for the demerger of the Space, Meteorology and Hydrology Business of the Company on a going concern basis. The Scheme has been filed with the BSE and National Stock Exchange for their No Objection. The Scheme would become effective after receipt of all requisite approvals as mentioned in the Scheme. Pending receipt of necessary approvals, no effect of the Scheme has been given in the consolidated financial results for the quarter ended June 30, 2026. The Board of the Directors of the Company at its meeting held on May 20, 2025 and the shareholders of the company at Extraordinary General Meeting held on June 13, 2025 has approved the allotment of up to 20,13,885 convertible warrants each convertible into, or exchangeable for, one fully paid up equity share of the Company, having a face value of Rs. 2, within the period of eighteen months in accordance with the applicable laws at a price of Rs. 864 aggregating up to Rs. 173.99 crores ("issue proceeds"). During the previous year ended March 31, 2026, the Company has received 25% of the issue proceeds i.e., Rs. 43.50 crores (Upfront monies) on June 23, 2025 and June 24, 2025. Figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year and the unaudited published year-to-date figures up to the third quarter of the respective financial year. 2 The Consolidated financial results for the quarter ended June 30, 2026 are prepared in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India, read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The above results were reviewed by the Audit Committee, considered and approved by the Board of Directors at its meeting held on August 10, 2026. 3 The Group and Joint ventures have only one business segment i.e. it deals in Radio Frequency & Microwave products and hence segment wise reporting is not applicable. The Group and Joint ventures have an order book of Rs. 2,849.09 crores as at June 30, 2026 which includes Rs. 243.67 crores pertaining to service orders. Orders booked during the period from April 01, 2026 to June 30, 2026 are Rs. 431.91 crores.4 1 The Consolidated financial results for the quarter ended June 30, 2026 includes the results of Astra Microwave Products Limited ('the Company' or 'the Holding Company'), the following subsidiaries (collectively referred as 'the Group' hereinunder), two joint ventures and one associate: (a) Astra Defence Technologies Private Limited (formerly known as Bhavyabhanu Electronics Private Limited) - Subsidiary (b) Aelius Semiconductors Pte. Ltd - Subsidiary (c) Astra Space Technologies Private Limited - Subsidiary (d) Astra Rafael Comsys Private Limited - Joint venture (e) Navictronics Private Limited - Joint venture (f) Janyu Technologies Private Limited - Associate
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ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office: ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad - 500084, Telangana, INDIA Tel:+91-40-46618000, 46618001. Fax:+91-40-46618048 Email:mktg@astramwp.com,website:www.astramwp.com CIN: L29309TG1991PLC013203 An ISO 9001, ISO 14001, ISO 45001 and ISO 27001 Certified Company Works: Unit 1: Plot No. 12, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana – 502325 Unit 2: Plot No. 56A, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana - 502325 Unit 3: Sy. No. 1/1, lmarath Kancha, Raviryala (V), Maheshwaram (Mdl) R.R.Dist., Telangana - 500005 Unit 4: Sy. No. 1/1, Plot No. 18 to 21, lmarath Kancha, Hardware Park, Raviryala (V), Maheswaram (M), R.R.Dist, Telangana – 500005 Unit 7: Sy. No.114/1, Plot No. S-2/9 & 10, E-City, Raviryala & Srinagar (V), Maheswaram (M), R.R.District, Telangana - 501359 R&D Centre: Plot No. 51(P), Bangalore Aerospace Park, Singanahalli Village, Budigere Post, Bangalore North Taluk, Karnataka - 562149 Annexure – ‘A’ Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- OD2/I/3762/2026 dated January 30, 2026. S. No Particulars Details 1. Name of the Director Mr. S. Gurunatha Reddy (DIN: 00003828) 2. Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise; Has taken responsibility to over see demerger of the Company and focus in establishing resulting Company. 3. Date of appointment/ reappointment/ cessation & term of appointment/re-appointment; With effect from 30th September, 2026 (w.e.f. close of business hours) 4. Brief profile (in case of appointment); Not Applicable 5. Disclosure of relationships between directors (in case of appointment of a director). Not Applicable 6. Letter of resignation Annexure - B
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ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office: ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad - 500084, Telangana, INDIA Tel:+91-40-46618000, 46618001. Fax:+91-40-46618048 Email:mktg@astramwp.com,website:www.astramwp.com CIN: L29309TG1991PLC013203 An ISO 9001, ISO 14001, ISO 45001 and ISO 27001 Certified Company Works: Unit 1: Plot No. 12, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana – 502325 Unit 2: Plot No. 56A, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana - 502325 Unit 3: Sy. No. 1/1, lmarath Kancha, Raviryala (V), Maheshwaram (Mdl) R.R.Dist., Telangana - 500005 Unit 4: Sy. No. 1/1, Plot No. 18 to 21, lmarath Kancha, Hardware Park, Raviryala (V), Maheswaram (M), R.R.Dist, Telangana – 500005 Unit 7: Sy. No.114/1, Plot No. S-2/9 & 10, E-City, Raviryala & Srinagar (V), Maheswaram (M), R.R.District, Telangana - 501359 R&D Centre: Plot No. 51(P), Bangalore Aerospace Park, Singanahalli Village, Budigere Post, Bangalore North Taluk, Karnataka - 562149 Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- OD2/I/3762/2026 dated January 30, 2026. S. No Particulars Details 1. Name of the Director Dr. M. V. Reddy (DIN: 00421401) 2. Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise; Dr. M. V. Reddy (DIN: 00421401) presently serving as the Joint Managing Director, as the Managing Director of the Company with effect from October 1, 2026. The appointment is for the balance period of his existing tenure, which is approved up to April 29, 2028, and is subject to the approval of the members at the ensuing Annual General Meeting. 3. Date of appointment/ reappointment/ cessation & term of appointment/re-appointment; with effect from October 1, 2026. 4. Brief profile (in case of appointment); A Graduate in Engineering (Electronics) and a Post Graduate in Business Administration, Dr. M.V. Reddy has 34 years of experience in handling Marketing and Business operations in the domain of Defense, Space and Telecom segment in
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ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office: ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, Hitech City, Hyderabad - 500084, Telangana, INDIA Tel:+91-40-46618000, 46618001. Fax:+91-40-46618048 Email:mktg@astramwp.com,website:www.astramwp.com CIN: L29309TG1991PLC013203 An ISO 9001, ISO 14001, ISO 45001 and ISO 27001 Certified Company Works: Unit 1: Plot No. 12, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana – 502325 Unit 2: Plot No. 56A, ANRICH Industrial Estate, Bollaram, Medak Dist., Telangana - 502325 Unit 3: Sy. No. 1/1, lmarath Kancha, Raviryala (V), Maheshwaram (Mdl) R.R.Dist., Telangana - 500005 Unit 4: Sy. No. 1/1, Plot No. 18 to 21, lmarath Kancha, Hardware Park, Raviryala (V), Maheswaram (M), R.R.Dist, Telangana – 500005 Unit 7: Sy. No.114/1, Plot No. S-2/9 & 10, E-City, Raviryala & Srinagar (V), Maheswaram (M), R.R.District, Telangana - 501359 R&D Centre: Plot No. 51(P), Bangalore Aerospace Park, Singanahalli Village, Budigere Post, Bangalore North Taluk, Karnataka - 562149 India and Overseas Market. As most of his experience has been working for the Indian Private industry meeting the needs of the Strategic Electronics sector in India and abroad, he has a good understanding of the requirements and knows the challenges and opportunities for the private companies in this business segment. 5. Disclosure of relationships between directors (in case of appointment of a director). Dr. M.V. Reddy is not related to any Directors, Manager and other Key Managerial Personnel of the company.
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16mr\erxu..1t0 - °E) 10/08/2026 To The Board of Directors Astra Microwave Products Limited Astra Towers, Survey No:12 (Part), Opp. CII Green Building, Hitech City, Kondapur, Hyderabad — 500084. Dear Members of the Board, In continuation to my earlier letter dated 03/04/2026 informing my resignation from the post of Managing Director wish to inform you that I am resigning from the position Directorship also with effect from the close of business hours on 30th September, 2026, to oversee the ongoing demerger of the Space and Meteorology business pursuant to the Scheme of Arrangement. Further, I will cease to be a member of the Stakeholder Relationship Committee and the Risk Management Committee of the Company with effect from the close of business hours on 30th September, 2026. It has been a privilege to lead the Company and work alongside a dedicated team during my tenure. I am grateful for the trust and support extended to me by the Board, stakeholders, and employees. Together, we have achieved significant milestones, and I take pride in the progress the Company has made. I confirm that there are no material reasons for my resignation other than those stated above. I will extend my full support to ensure a smooth and orderly transition of responsibilities and will assist in handing over my duties as may be required by the Board. I request the Board to kindly take this changeover on record and arrange for necessary filings and disclosures in compliance with applicable laws and regulations. I wish the Company continued success and growth in the years ahead. Thank you once again for the opportunity to serve. Yours erely S. GURU HA REDDY Employee ID No.10012 Managing Director