Astral board approves Composite Scheme of Arrangement for demerger and amalgamation
Astral · Industrial Products
Key highlights
- Board approved demerger of Chemicals Business undertaking from Astral Limited into Astral Chemie Limited; turnover of demerged business ₹12,663 million (21% of total turnover).
- Board approved amalgamation of wholly owned subsidiary Al-Aziz Plastics Private Limited (turnover ₹373 million) into Astral Limited; Al-Aziz to be dissolved without winding up.
- Astral Chemie shares to be issued 1:1 to Astral Limited shareholders, face value ₹1 each, with no cash consideration; listing on NSE and BSE subject to approvals.
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
Board Meeting Outcome for Outcome Of The Board Meeting
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 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.