Astral board to review composite scheme with external advisor

Nclt Scheme FiledStrategic Transactions View source PDF

ASTRAL · price

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Price reaction · full curve 14 horizons · vs prior close

-2.2%1-day move

₹1385.60

prior close

₹1402.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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AI summary

Astral board approved a Composite Scheme of Arrangement involving Astral Limited, Astral Chemie Limited, and Al-Aziz Plastics Private Limited on June 25, 2026 under Sections 230-232 of the Companies Act. Following stakeholder feedback, the board will appoint a Big Four firm as an independent external advisor to evaluate the scheme. The advisor will submit recommendations within 30 days. The board will then decide on continuation, modification, deferment, or any other action regarding the scheme.

Likely market impact

Review introduces uncertainty around the scheme; outcome may lead to changes in structure or timing. Investors should await advisor recommendations within 30 days.