Astral to acquire Al-Aziz Plastics for INR 33 crores

Astral Limited (BSE: 532830) has entered into definitive agreements to acquire 100% equity share capital of AL-AZIZ Plastics Private Limited for a consideration of INR 33 Crores. The acquisition, approved by Astral's Board of Directors on April 17, 2025, aims to expand Astral’s product portfolio and strengthen its brand. AL-AZIZ, a company engaged in manufacturing electrofusion fittings, compression fittings, and related products, will become a wholly-owned subsidiary of Astral upon completion of the acquisition, which is expected on or before June 30, 2025, subject to customary closing conditions. In FY25, AL-AZIZ reported INR 515.03 Millions in sales. Astral management believes the acquisition will enhance its product basket, especially in gas applications, and build confidence among stakeholders.