Astra Microwave Products Limited has announced a significant leadership transition. Mr. S. Gurunatha Reddy has resigned as Managing Director and Director, effective September 30, 2026, to oversee the company’s demerger. Concurrently, Dr. M.V. Reddy has been appointed as the new Managing Director, effective October 1, 2026, for the balance period of his tenure until April 29, 2028. The company also reported its unaudited financial results for the quarter ended June 30, 2026.
Leadership Transition at Astra Microwave
Astra Microwave Products Limited has announced key changes in its top leadership. Effective September 30, 2026, Mr. S. Gurunatha Reddy will step down as Managing Director and Director. This move is to allow him to focus on overseeing the demerger of the Space and Meteorology business and establishing the resulting company. He will also cease to be a member of the Stakeholder Relationship Committee and the Risk Management Committee.
New Managing Director Appointed
Following Mr. Reddy’s resignation, the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Dr. M.V. Reddy as the new Managing Director. Dr. Reddy, currently serving as the Joint Managing Director, will assume the role of Managing Director effective October 1, 2026. This appointment is for the remaining tenure, approved up to April 29, 2028, and is subject to shareholder approval at the upcoming Annual General Meeting. Dr. M.V. Reddy brings extensive experience in marketing and business operations within the Defense, Space, and Telecom sectors.
Financial Results for Q1 FY27
The company also reported its standalone unaudited financial results for the quarter ended June 30, 2026. Revenue from operations stood at ₹17,620.54 lakhs, with a profit after tax of ₹982.25 lakhs. The consolidated unaudited financial results for the same period showed revenue from operations at ₹17,666.22 lakhs and a profit after tax of ₹1,234.83 lakhs.
Annual General Meeting Scheduled
The Board has approved the 35th Annual General Meeting to be held on Friday, September 18, 2026, at 3:00 PM via Video Conferencing or Other Audio Visual Means.
Source: BSE
