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Astral Limited approved a composite scheme to demerge its Chemicals Business (21% of FY26 turnover) into subsidiary Astral Chemie, which will be listed. Shareholders receive 1:1 shares in the new entity. Al-Aziz Plastics will merge into Astral.
Astral Limited Withdraws Composite Scheme Of Arrangement For Chemical Business Demerger
Astral Board Withdraws Composite Scheme Of Arrangement After Strategic Review
Astral Board Initiates Independent Review of Demerger Scheme And Appoints Advisor
Astral Ltd Board Approves Composite Scheme to Demerge Chemicals Business