<h1>Astral Limited Board Approves Independent Review of Composite Scheme Following Stakeholder Feedback</h1>
Astral Limited announced key decisions from its Board meeting held on July 5, 2026, concerning the ongoing Composite Scheme of Arrangement involving Astral Limited, Astral Chemie Limited, and Al-Aziz Plastics Private Limited. In response to feedback received from various stakeholders following the scheme's announcement, the Board determined that a comprehensive independent review of the arrangement is necessary.
The Board previously approved the Composite Scheme of Arrangement on June 25, 2026. After reviewing post-announcement stakeholder input, the management has now initiated steps to scrutinize the scheme in depth.
To facilitate this process, Astral Limited's Board also approved the proposal for appointing an independent external advisor. The selected advisor must be one of the big four or an equivalent firm and will be responsible for conducting a comprehensive evaluation of the Scheme of Arrangement and providing recommendations to the Board.
The appointed advisor is mandated to submit their findings and recommendations within 30 days, or as may be required by applicable regulations. Astral Limited confirmed that before making any final decision regarding the continuation, modification, deferment, or any other course of action related to the Composite Scheme of Arrangement, the management will thoroughly consider the input from the independent external advisor.
ASTRAL Stock Price Movement
On Friday, shares of Astral Limited edged higher in the market, gaining 1.53% to close at ₹1385. The stock saw significant movement through the session, with a volume totaling 506,210 shares recorded across trading activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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