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

Demerger Ratio AnnouncedStrategic Transactions View source PDF

ASTRAL · price

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

Price reaction · full curve 14 horizons · vs prior close

-10.6%1-day move

₹1490.00

prior close

₹1417.00

base price

After-mkt

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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.