Astral board approves composite scheme: chemicals demerger and Al-Aziz merger

Demerger Ratio AnnouncedCore Business DivestedStrategic Transactions View source PDF

ASTRAL · price

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AI summary

Astral board approved a Composite Scheme on June 25, 2026. (1) Chemicals Business (turnover Rs 12,663 million, 21 percent of total) to demerge from Astral into wholly-owned subsidiary Astral Chemie at 1:1 share ratio. Astral Chemie to seek listing on NSE and BSE. (2) Wholly-owned subsidiary Al-Aziz Plastics (turnover Rs 373 million) to merge into Astral. Post-scheme promoter holding in Astral Chemie: 54.22 percent. Subject to NCLT, SEBI, and exchange approvals.

Likely market impact

Existing Astral shareholders will get Astral Chemie shares in 1:1 ratio and hold two listed stocks post-scheme, subject to approvals.