Astral Limited approves Composite Scheme for Chemical Demerger and Subsidiary Amalgamation
Astral · Industrial Products
Key highlights
- On June 25, 2026, Astral Limited approved a Composite Scheme demerging its Chemicals Business into Astral Chemie Limited and amalgamating Al-Aziz Plastics Private Limited, subject to approvals.
- The Chemicals Business Undertaking had turnover of ₹12,663 million for the year ended March 31, 2026, 21% of Astral Limited's total turnover of ₹59,076 million.
- Astral Chemie shares will be issued to Astral shareholders at 1:1 and listed on NSE and BSE; Al-Aziz Plastics will be dissolved without being wound up.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Restructuring
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Astral
- Acquisition / mergerMajor developmentAstral Q1 FY27 consolidated revenue up 15.9%, PAT up 51.8% to Rs. 1,202 million
- Acquisition / mergerNotableAstral Limited withdraws Composite Scheme of Arrangement as per Board decision
- Acquisition / mergerNotableAstral Limited Board approves review and advisor appointment for Composite Scheme
- Acquisition / mergerNotableAstral board approves Composite Scheme of Arrangement for demerger and amalgamation
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.