Astra Microwave’s Mega Move: Will ₹1,740 Million in Warrants Supercharge Its Future?

Image Source: Trade Brains

Astra Microwave Products Ltd has set the stage for its next growth leap, announcing the issuance of convertible warrants worth nearly ₹1.74 billion. This bold fundraising move is designed to fuel the company’s aggressive expansion in India’s booming defence and communications technology sector.

Key Highlights:

Major Fundraising Initiative: The board has approved the allotment of up to 20,13,885 convertible warrants, each priced at ₹864, aggregating to ₹173.99 crore (₹1.74 billion). Each warrant is convertible into one fully paid equity share within 18 months, providing strategic flexibility for both the company and investors.
Growth-Driven Purpose: The capital infusion will support Astra Microwave’s robust order pipeline, which stood at ₹1,960 crore as of December 2024, and enable the company to capture new opportunities in defence, space, and telecom projects.
Market Momentum: Shares of Astra Microwave have surged over 37% in the past month, reflecting strong investor confidence and sector-wide optimism. The stock has delivered multibagger returns of 1,470% over five years, underlining its stellar track record.
Future Outlook: Management has signaled clear visibility of ₹1,300-₹1,500 crore in new orders for FY26, with expectations of at least 20% order book growth in FY27 and 15-20% revenue growth in FY26. Export revenues are also poised for a significant uptick.
Shareholder Engagement: The company plans to seek shareholder approval for the fundraising at an upcoming Extraordinary General Meeting, ensuring transparency and broad-based support for its expansion strategy.

Astra Microwave’s latest move signals a confident push to consolidate its leadership in advanced defence and communications technology, with investors watching closely as the company powers up for its next big chapter.

Sources: Business Standard, DSIJ, Moneycontrol

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