Astra Microwave Products has announced a board meeting to consider the financial results for the quarter and half-year.

The company completed a preferential allotment of 20.14 lakh convertible warrants at Rs. 864 each, raising Rs. 174 Cr (approx.), with 25% upfront payment received.

The allotment went to promoters and certain non-promoter entities, strengthening the company's capital base.

This infusion supports Astra's growth plans and enhances financial flexibility amid ongoing business developments.