Astral Board puts Composite Scheme under independent review after stakeholder feedback
ASTRAL · price
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Astral Limited's Board has decided to undertake a comprehensive independent review of its Composite Scheme of Arrangement with Astral Chemie Limited and Al-Aziz Plastics Private Limited, originally approved on June 25, 2026. This follows feedback from various stakeholders post the scheme announcement. A Big Four or equivalent firm will be appointed as independent external advisor to evaluate the scheme and submit recommendations within 30 days. The Board will then decide on continuation, modification, deferment, or other action.
Short-term uncertainty over the scheme may cause stock volatility. Investors should await the independent advisor's findings before making decisions.