Astral Limited has informed the Exchange about Grant of patent MULTIPORT WATER OUTLET to Al-Aziz Plastics Private Limited a wholly Owned Subsidiary of the Company
ASTRAL · price
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Astral Limited informed the exchanges that its wholly owned subsidiary, Al-Aziz Plastics Private Limited, has been granted a patent (No. 583449) by the Indian Patent Office for an invention titled 'MULTIPORT WATER OUTLET.' The patent is valid for 20 years starting from November 1, 2021, under the Patents Act, 1970. The product is a multiport saddle that allows multiple household water connections from a single tapping point, with equal distribution and an optional inbuilt flow-control valve. Astral highlights that the product offers faster installation, reduced excavation, and cost efficiency for water infrastructure projects.
This is a positive intellectual property development that strengthens Astral's product portfolio in the water/plumbing segment through its subsidiary. However, a patent grant alone is unlikely to materially move the stock price unless it translates into significant commercial revenue.