Astral Limited withdraws Composite Scheme of Arrangement as per Board decision
Astral · Industrial Products
Key highlights
- Independent Consultant recommended not proceeding with the Scheme due to Chemical Business scale
- Board concluded the Scheme is not currently in the best interests of the Company and shareholders
- Board decided to withdraw the Scheme; no further steps will be taken on this matter
Why it's rated notable: The Board withdrew the Composite Scheme of Arrangement for the demerger of the Chemical Business after the Independent Consultant recommended against proceeding in its present form, and the filing states no value for the scheme, so the level stays at medium.
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 Board approves review and advisor appointment for Composite Scheme
- Acquisition / mergerNotableAstral board approves Composite Scheme of Arrangement for demerger and amalgamation
- Acquisition / mergerNotableAstral Limited approves Composite Scheme for Chemical Demerger and Subsidiary 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.