as per covering letter

ASTRA MICROWAVE PRODUCTS LIMITED Regd. Office: ASTRA Towers, Survey No. 12(P), Kothaguda Post, Kondapur, HITEC 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 17, 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, Dalal Street, Fort, Mumbai -400 001 Bandra (East), Mumbai - 400 051 Scrip code: 532493 Scrip code: ASTRAMICRO Dear Sir/Madam, Sub: Conference call transcript. We are sending herewith Conference call transcript held with analysts on 11th August, 2026. The above information is also made available on the Company’s website www.astramwp.com. 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 “Astra Microwave Products Limited Q1 FY27 Earnings Conference Call” August 11, 2026 E&OE: This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on August 11, 2026, will prevail. MANAGEMENT: MR. S. G. REDDY – MANAGING DIRECTOR – ASTRA MICROWAVE PRODUCTS LIMITED DR. M.V. REDDY – JOINT MANAGING DIRECTOR – ASTRA MICROWAVE PRODUCTS LIMITED MR. ATIM KABRA – DIRECTOR, STRATEGY AND BUSINESS DEVELOPMENT – ASTRA MICROWAVE PRODUCTS LIMITED Page 1 of 19 Astra Microwave Products Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Astra Microwave Products Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. S.G. Reddy, Managing Director. Thank you, and over to you sir. S.G. Reddy: Thank you, and good morning, everyone. A warm welcome to all the participants joining the post results earnings call of our company. I'm joined by Mr. M.V. Reddy, Joint Managing Director; and Atim Kabra, Strategy and Development Director; and SGA, our Investor Relations Advisers. The results and the investor presentation for Q1 have already been uploaded on the company website and stock exchanges. I hope you had a chance to review them. In terms of the performance, the quarter performance is on the expected lines. The revenue and profitability were moderate -- modest, I should say, primarily due to temporary delays in customer approvals and closing some of the last stage technical issues, which are expected to normalize in the coming quarters. Overall, India's defense industry is increasingly moving towards indigenous design development and manufacture of advanced subsystems and systems with the total solutions. We believe companies with proven engineering capabilities and experience in these areas are well positioned to benefit from this transition and Astra being one such company. In terms of the opportunities, our stand-alone order book as of quarter end stands at INR2,156 crores, providing strong visibility for the upcoming period. Around 66% of this order book is from defense and the rest that is 34% is from space, metrology and hydrology sectors. Our consolidated order book stands at INR2,849 crores, which includes service orders of about INR244 crores, which are typically more accretive to margins. Staying in the order book, I would like to highlight that in the month of July, we secured a significant order worth about INR2,205 crores from Hindustan Aeronautics Limited for procurement of critical subsystems for Uttam Radar. As you know, this is a landmark achievement for our company and Page 2 of 19 Astra Microwave Products Limited August 11, 2026 reflects the long-standing trust placed in our capabilities, technology and execution track record in the defense sector. My colleague, M.V. Reddy, will throw more insight into this order, its execution cycle, etcetera. Looking ahead, we continue to see healthy progress through our key programs and remain confident in our growth trajectory. We are targeting a top line growth of more than 15% year-on-year, resulting into about INR1,350 crores for this financial year, maintaining a healthy bottom line. With the addition of the significant new orders, we see substantial long-term opportunities ahead and remain focused on leveraging our capabilities, strengthening our execution and delivering sustainable multiyear growth over the long term. I now hand over to Mr. M.V. Reddy and later on Atim Kabra, who will provide more insight into new product developments, the business outlook for the near and long term and the strategies adopted to take the company to the next level of growth cycle. I request M.V. to take it over. Dr. M.V. Reddy: Thank you, S.G. Good morning, everyone. I extend a warm welcome to all investors, analysts and stakeholders joining today's earnings call. We are pleased to present our key business updates. First, as S.G. had mentioned, we have achieved a remarkable and significant milestone at the end of July '26 with the receipt of long-awaited strategic order. As on date, this is the single largest order in the history of Astra, and it is a direct result of a decade of continuous efforts, the landmark of Uttam Radar, which I was talking about, which has effectively doubled our entire order book. So with this major win, our total order book sells to a record-breaking of INR4,300 crores as on date. I'm also pleased to announce that we have emerged as the lowest bidder in AAAU of AMCA program. This is a news of a few days back. And probably in a month's time, we will be able to get this particular contract. Alongside this major milestone, the daily operations remain strong. We booked new orders worth of INR185 crores in Q1, matching our performance guidance exactly. Revenue for the quarter stood at INR182 crores, driven by robust operational execution and steady demand for our advanced technology. Similarly, our joint venture, Astra Rafael Comsys performed well, both in terms of order book and also the execution is going in within the guided figure. As on date, ARC, that is Astra Rafael Comsys has an order book of INR836 crores. In the current year, we are planning to book sales of INR360 crores. We continue to strengthen our positioning across the defense, space and semiconductor segments. During this quarter, we secured one good order from Bharat Electronics about INR45 crores worth of contract for all MMIC chipsets, proving our strong capabilities in radar core components. We also Page 3 of 19 Astra Microwave Products Limited August 11, 2026 won significant c [Showing first 8,000 characters — download PDF for full document]