Astral to review composite scheme with Big Four advisor

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ASTRAL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.3-0.4-0.3-0.5-2.2-3.4-5.1-3.7-4.0-1.8+5.1———

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AI summary

After approving a Composite Scheme of Arrangement on June 25, 2026, Astral Limited's Board has decided to undertake a comprehensive independent review following stakeholder feedback. The scheme involves Astral Limited, Astral Chemie Limited, and Al-Aziz Plastics Private Limited. A Big Four or equivalent firm will be appointed as independent external advisor to evaluate it. The advisor must submit recommendations within 30 days, after which the Board will decide on continuation, modification, deferment, or other action.

Likely market impact

Adds uncertainty around the proposed restructuring. Final outcome depends on advisor review to be completed within 30 days.