Astral Ltd Board Approves Composite Scheme of Arrangement

Astral Limited's board of directors has approved a Composite Scheme of Arrangement involving the demerger of its Chemicals Business Undertaking into Astral Chemie Limited and the amalgamation of Al-Aziz Plastics Private Limited into Astral Limited. The demerged chemicals business had a turnover of ₹12,663 million in FY26, representing 21% of the company's total turnover. The scheme is subject to approvals from NCLT, SEBI, stock exchanges, and other regulatory authorities. The share exchange ratio for the demerger is one equity share of the Resulting Company for every one equity share held in the Demerged Company. The transaction aims to restructure the company's business segments.