Astral Limited (ASTRAL) — Corporate Action

📢 Key Event
Board approves independent review of Composite Scheme of Arrangement

🔄 What Changed
Initiated independent review of scheme following stakeholder feedback

🔮 What's Next
Advisor to submit recommendations within 30 days

💡 Investor Takeaway
The scheme's future depends on advisor's recommendations and board's final decision.

Astral Limited announced on July 5, 2026, that its board approved a comprehensive independent review of the Composite Scheme of Arrangement with Astral Chemie Limited and Al-Aziz Plastics Private Limited, following stakeholder feedback. The board appointed a Big Four firm as an external advisor to evaluate the scheme and submit recommendations within 30 days. The board will consider these findings before deciding on any modifications or continuation of the arrangement.

📄 View Original Announcement (PDF)

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