Astral Limited board meeting started at 2:00 PM and concluded at 2:45 PM on July 5, 2026. The Board approved an independent review of the Composite Scheme of Arrangement involving Astral Limited, Astral Chemie Limited and Al-Aziz Plastics Private Limited. The Board noted receipt of stakeholder feedback following the Scheme's initial announcement and decided to undertake the evaluation.
The Board also approved the appointment of any one of the big four or equivalent firm as an independent external advisor to evaluate the Scheme and provide recommendations to the Board. The advisor will submit its findings within 30 days or as required under applicable regulations. The Board will consider the independent advisor's recommendations before making any final decision regarding the Scheme's continuation, modification, deferment or other action.
The Scheme was initially approved by the Board on June 25, 2026. The independent review follows stakeholder feedback received after the Scheme's announcement. Astral Limited will disclose necessary information to Stock Exchanges as and when required by law.
The meeting of the Board of Directors commenced at 2:00 PM and concluded at 2:45 PM. The Board completed all key decisions and appointed the independent external advisor to evaluate the Scheme of arrangement and provide recommendations to the Board within the stipulated timeframe.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.