Astral Ltd Board Orders Review of Composite Scheme of Arrangement

Astral Limited's Board of Directors, in a meeting held on July 5, 2026, has decided to conduct a comprehensive independent review of its Composite Scheme of Arrangement involving Astral Chemie Limited and Al-Aziz Plastics Private Limited. This decision follows feedback received from stakeholders after the initial approval of the scheme on June 25, 2026. The company will appoint one of the 'big four' or equivalent firms as an independent external advisor to evaluate the scheme and provide recommendations within 30 days. The Board will consider these findings before making any final decision on the scheme's continuation, modification, or deferment. Further disclosures will be made as required.