Astral Limited (ASTRAL) — Corporate Action

📢 Key Event
Board approved Composite Scheme of Arrangement for demerger and amalgamation

🔄 What Changed
Demerger of Chemicals Business into Astral Chemie and amalgamation of Al-Aziz Plastics into Astral Limited

🔮 What's Next
Scheme requires regulatory approvals from NCLT, SEBI, and Stock Exchanges before implementation

💡 Investor Takeaway
Shareholders will receive Astral Chemie shares in a 1:1 ratio, creating two independent, focused businesses.

Astral Limited announced approval of a Composite Scheme of Arrangement involving the demerger of its Chemicals Business into Astral Chemie Limited and the amalgamation of Al-Aziz Plastics into Astral Limited. The scheme, subject to regulatory approvals, will reorganize the company into two distinct entities: Astral Chemie (chemicals) and Astral Limited (plumbing), with shareholders receiving 1:1 share allotments in Astral Chemie. The restructuring aims to unlock value, improve operational focus, and enhance capital allocation for each business vertical.

📄 View Original Announcement (PDF)

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