Disclosure of Information under Regulation 30 of SEBI (LODR) Regulations, 2015. Receipt of order by Astra…
As filed · Disclosure of Information under Regulation 30 of SEBI (LODR) Regulations, 2015. Receipt of order by Astra Rafael Comsys Private Limited, Joint Venture Company
What happened
FactAstra Microwave Products Limited's joint venture, Astra Rafael Comsys Private Limited, has received an order from the Ministry of Defence worth Rs.285.56 crores for the procurement of Communication Systems and accessories for the Special Forces of the Indian Air Force. The order is to be executed within 11 months and is awarded by a domestic entity. There is no interest from the promoter or group companies in this contract.
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
Revised250 Cr more orders to be executed by FY28.
Astra has an order book of 285 Cr to be executed by FY28.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
- Astra has an order book of 285 Cr to be executed by FY28. (management committed by FY28)
- 250 Cr more orders to be executed by FY28. (management committed by FY28)
Evidence
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%