Astra Microwave Products: Receipt of observation letters with no adverse observations / no objection from the Stock Exchanges on the…
Astra Microwave Products (ASTRAMICRO) filed a disclosure titled "Receipt of observation letters with no adverse observations / no objection from the Stock Exchanges on the Scheme of Arrangement". The company is valued at about ₹14,989 crore.
What happened
Astra Microwave Products (ASTRAMICRO) filed a disclosure with the exchanges on 29 October 2026 at 04:37 PM titled "Receipt of observation letters with no adverse observations / no objection from the Stock Exchanges on the Scheme of Arrangement".
Company snapshot
Astra Microwave Products is a small-cap company in the Capital Goods sector, with a market value of about ₹14,989 crore.
The stock last traded at ₹1,578.7, against a 52-week range of ₹851–₹1,960 (19.4% below the high).
Before this filing the shares had moved −3.3% over the month and −11.6% over three months. Average daily turnover over the last 20 sessions was about ₹49.73 crore.
Promoters held 6.54% at the end of Q1 FY27. Foreign institutions owned 10.74% and domestic institutions 16.09%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 200 | 16.3 | 1.71 |
| Q2 FY26 | 215 | 24.2 | 2.52 |
| Q3 FY26 | 260 | 46.8 | 4.93 |
| Q4 FY26 | 488 | 106 | 11.16 |
| Q1 FY27 | 177 | 12.3 | 1.3 |
What history shows
BCEIE's records show 2 previous m&a filings from the company since May 2026.
After those filings, the stock fell 4.2% on average the next trading day and was up 8.0% on average after five days (2 filings with price data).
Across 161 similar disclosures by other Capital Goods companies, shares moved −0.2% on average the next day and −0.2% over five days; 46% of them rose the next day.
Market-wide, 2,174 m&a filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 10 Jun 2026 | Board Meeting Outcome for Announcement Of Approval Of The Scheme Of… | −4.2% | +8.0% |
| 10 Jun 2026 | M&A | −4.2% | +8.0% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- Astra Microwave Products Q1 Results
- Astra Microwave Products Ltd. Estimates – NSE:ASTRAMICRO
- Astra Microwave Products (NSEI:ASTRAMICRO) Stock Forecast & Analyst Predictions
- Apollo Micro, MTAR Tech, Astra Microwave, HAL gain up to 6% after DAC clears Rs 2.12 lakh crore in defence...
- What Astra Microwave Products Doubters Got Wrong
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.