Astral Ltd

Astral Ltd has announced the closure of its trading window for designated persons, effective July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will reopen 48 hours after the announcement of the company's unaudited financial results for the quarter ending June 30, 2026. The date of the board meeting to approve these results will be communicated separately.

Astral Limited's board of directors has approved a composite scheme of arrangement involving the demerger of its chemicals business into Astral Chemie Limited and the amalgamation of Al-Aziz Plastics Private Limited into Astral Limited. The chemicals business undertaking, with assets and liabilities, will be transferred to Astral Chemie on a going concern basis. Al-Aziz Plastics will be amalgamated with Astral Limited and subsequently dissolved. The scheme is subject to approvals from NCLT, SEBI, stock exchanges, and other regulatory authorities, as well as shareholders and creditors. The demerged chemicals business had a turnover of ₹12,663 million for FY26, representing 21% of Astral Ltd's total turnover. Post-scheme, Astral Chemie will issue shares to Astral Ltd shareholders in a 1:1 ratio.

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.

Astral Ltd's wholly-owned subsidiary, Astral Chemie Limited, has entered into definitive agreements to acquire a 60% partnership interest in Differentiated and Sustainable Solutions LLP (DSS) for an aggregate consideration of ₹39.11 Crores. This acquisition is expected to be completed by August 31, 2026. DSS specializes in developing technologies for Specialty Chemicals & Materials for sectors like electronics, aerospace, renewable energies, and infrastructure. Upon completion, DSS will become a step-down subsidiary of Astral Limited. The transaction is not considered a related party transaction.

Astral Ltd's board re-appointed Mr. Sandeep Engineer as Managing Director for a five-year term commencing April 1, 2027, and ending March 31, 2032, subject to member approval. The decision was based on the Nomination and Remuneration Committee's recommendation. The board also approved audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹2.50 per share, and affirmed that Mr. Engineer is not debarred from holding office.

The Board of Directors of Astral Ltd, in its meeting held on May 18, 2026, recommended a final dividend of ₹2.50 per equity share of ₹1 each for the year ended March 31, 2026, subject to the approval of members at the upcoming Annual General Meeting. The board also approved the re-appointment of Mr. Sandeep Engineer as Managing Director for a term of five years, effective April 1, 2027, also subject to member approval. The meeting also approved the audited financial results for the quarter and year ended March 31, 2026.

Astral Ltd announced its financial results for the quarter and year ended March 31, 2026. The company reported a 24.2% increase in revenue and plumbing volume growth for Q4 2025-26. The company's plumbing business saw a 24.2% increase in sales volume, reaching 84,041 MT. Astral's Paints and Adhesives business also experienced growth, with revenue up by 21.9%. The Board recommended a final dividend of ₹2.50 per share.

Astral Ltd's Board approved the audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹2.50 per equity share, subject to member approval. The board also approved the re-appointment of Mr. Sandeep Engineer as Managing Director for five years, effective April 1, 2027, also subject to member approval. The meeting concluded at 03:40 P.M. on May 18, 2026.

Astral Ltd's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹2.50 per equity share, subject to member approval. Mr. Sandeep Engineer was re-appointed as Managing Director for five years, effective April 1, 2027, also pending member approval. The board meeting commenced at 02:45 P.M. and concluded at 03:40 P.M.

Astral Ltd has scheduled a Board of Directors meeting on May 18, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a final dividend, if any, on the equity share capital for the financial year 2025-26. The trading window for designated persons has been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.