as per covering letter

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 August 10, 2026 To To The General Manager The Vice President, Department of Corporate Relations Listing Department BSE Limited The National Stock Exchange of India Limited Sir Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, Fort, Mumbai - 400 001 (East), Mumbai - 400 051 Scrip code: 532493 Scrip code: ASTRAMICRO Dear Sir/Madam, Sub: Monitoring Agency Report for the quarter ended June 30, 2026. Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith Monitoring Agency Report issued by CRISIL Ratings Limited, Monitoring Agency, for the quarter ended June 30, 2026 in respect of utilization of proceeds of the Preferential Issue of the Company. This is for your information and records. Thanking you, Yours faithfully For Astra Microwave Products Limited T. Anjaneyulu Company Secretary & Compliance Officer 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 Monitoring Agency Report Astra Microwave Products Limited for the quarter ended June 30, 2026 CRL/MAR/ASTMICPL/2026-27/1949 August 10, 2026 Astra Microwave Products Limited Astra Towers, Survey No: 12(Part), Opp: CII Green Building, Hitech City, Kondapur, Hyderabad, Telangana, India- 500084 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue (“PI”) of Astra Microwave Products Limited (“the Company”) Pursuant to Regulation 162A of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated June 05, 2025, enclosed herewith the Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of PI for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking you, For and on behalf of Crisil Ratings Limited Shounak Chakravarty Director, Ratings (LCG) Report of the Monitoring Agency (MA) Name of the issuer: Astra Microwave Products Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Crisil Ratings Limited (a) Deviation from the objects: Not applicable (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no Statutory verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shounak Chakravarty Designation of Authorized person/Signing Authority: Director, Ratings (LCG) 1) Issuer Details: Name of the issuer: Astra Microwave Products Limited Names of the promoter: Mr. Prakash Anand Chitrakar Industry/sector to which it belongs: Aerospace and Defense 2) Issue Details Issue Period: June 23, 2025 to June 24, 2025 Type of issue (public/rights): Preferential Issue (PI) Type of specified securities: Convertible warrants PI Grading, if any: NA Issue size: Rs 173.99 crore* *Crisil Ratings shall be monitoring the Issue proceeds amount. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information/ certifications Comments of considered by Comments of the Particulars Reply the Board of Monitoring Monitoring Agency Directors Agency for preparation of report Management undertaking, No proceeds were Whether all utilization is as per the Peer-reviewed utilized during the Yes No Comments disclosures in the Offer Document? ICA Certificate^, quarter ended June 30, Notice of EGM, 2026. Bank Statements Source of information/ certifications Comments of considered by Comments of the Particulars Reply the Board of Monitoring Monitoring Agency Directors Agency for preparation of report Whether shareholder approval has been obtained in case of material NA No Comments No Comments deviations from expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No No Comments No Comments has changed? Is there any major deviation observed over the earlier No No Comments No Comments monitoring agency reports? Management Whether all Undertaking, Government/statutory approvals Peer-reviewed NA No Comments No Comments related to the object(s) have been ICA Certificate^ obtained? Whether all arrangements pertaining to technical NA No Comments No Comments assistance/collaboration are in operation? Are there any favorable events improving the viability of these No No Comments No Comments object(s)? Are there any unfavorable events affecting the viability of the No No Comments No Comments object(s)? Is there any other relevant information that may materially No No Comments No Comments affect the decision making of the investors? NA represents Not Applicable ^ Certificate dated July 21, 2026, issued by M/s C. Ramachandram & Co., Chartered Accountants (Firm Registration Number: 002864S), Peer-reviewed Independent Chartered Accountant. Details of object(s) to be monitored: i. Cost of the object(s): Source of Comments of the Board of Directors information/ Original cost Comment [Showing first 8,000 characters — download PDF for full document]