Astral board approves chemicals demerger into Astral Chemie; Al-Aziz 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: (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.