Astral board approves chemicals biz demerger and Al-Aziz Plastics merger

Demerger ratio announcedStrategic Transactions View source PDF Explain this filing

ASTRAL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-8.1%Reaction day

₹1490.00

prior close

₹1417.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.3%-7.7% vs market

Plastic Products - Industrial peers, median of 33sector-1.1%-7.0% vs sector

On the reaction day the stock moved 7.7 pts less than Nifty Midcap 150 and 7.0 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.7

15m

-1.4

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.1-0.3-7.7-1.1-7.0

Next day

-10.6+0.1-10.7+0.5-11.1

-8.7+0.3-9.0+0.0-8.7

-8.4+0.8-9.2+0.1-8.5

-7.0+0.6-7.6-0.4-6.6

-6.8+1.0-7.8-1.2-5.6

-10.2-0.9-9.2-2.4-7.7

15d

-6.3+1.5-7.8+0.2-6.5

-1.0+1.6-2.6-1.3+0.3

+2.2+3.5-1.3-1.7+3.8

-7.7-3.9-3.8+0.8-8.6

UpDownMarket · Nifty Midcap 150Sector · Plastic Products - Industrial peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Astral board approved a Composite Scheme on June 25, 2026. The chemicals business (around 1,266 crore rupees turnover, 21 percent of FY26 total) will demerge into wholly owned subsidiary Astral Chemie at a 1:1 share ratio. Al-Aziz Plastics, another wholly owned subsidiary, will merge into Astral. Shareholders will receive Astral Chemie shares mirroring their Astral holding. Scheme subject to NCLT, SEBI and stock exchange approvals.

Likely market impact

Creates a focused chemicals platform and a pure-play plumbing business. Shareholders get 1:1 shares in new entity. Neutral to positive long term.