Astral Limited
Astral Poly Technik Ltd was established in 1996, with the aim to manufacture pro-India plumbing and drainage systems in the country. It has also forayed into adhesive business over years.
What Astral files
- Others47
- Investor Meet40
- Updates17
- Important14
- Board Meeting10
- Dividend/Bonus9
Astral communicated details on Tax Deducted at Source (TDS) for its FY25-26 final dividend. Shareholders, check your registered emails or company website for information regarding dividend tax deductions.
Astral's Board terminated its demerger plan after an independent assessment indicated it's not optimal for the Chemical Business now. The company will reconsider the split when the chemical unit achieves stronger scale and financial health.
Astral's Board is re-evaluating its Composite Scheme of Arrangement post stakeholder input. A 'big four' firm will conduct an independent evaluation, with findings guiding the Board's final decision on the scheme. This indicates potential changes to the corporate restructuring plan.
Astral's board approved a Composite Scheme: demerging Chemicals Business (₹1,266.3 Cr turnover, 21% of total) into Astral Chemie, and amalgamating Al-Aziz Plastics (₹37.3 Cr turnover) into Astral. Shareholders get 1 Astral Chemie share for every 1 Astral share. Aims for focused growth and capital allocation.
Astral reported strong Q4 results with consolidated revenue up 24.2% to Rs. 2,088.5 Cr and PAT up 19.6% to Rs. 213 Cr. Plumbing volume grew 24.2%, gaining market share. Paints & Adhesives revenue rose 21.9% but Q4 EBIDTA fell 20% due to marketing. A final dividend of Rs. 2.50 per...