Astral board approves chemicals demerger into Astral Chemie; Al-Aziz merger

Demerger Ratio AnnouncedStrategic Transactions View source PDF

ASTRAL · price

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AI summary

Astral board approved a Composite Scheme: (1) Demerger of Chemicals Business (adhesives, sealants, construction chemicals; turnover Rs 12,663 million, 21% of total FY26) into wholly-owned subsidiary Astral Chemie Ltd at 1:1 share swap. (2) Amalgamation of wholly-owned Al-Aziz Plastics (turnover Rs 373 million) into Astral. Subject to NCLT, SEBI and exchange approvals.

Likely market impact

Shareholders get 1 Astral Chemie share per Astral share, creating two listed entities: plumbing core and chemicals platform. Subject to approvals.