FilingReader Intelligence
Astral acquires majority stake in CPVC resin manufacturer
August 11, 2025 at 07:05 PM UTC•By FilingReader AI
Astral Limited is acquiring an 80% equity stake in NEXELON CHEM PRIVATE LIMITED for ₹80,000 at par value, with plans for further investment of up to ₹120 crores. The acquisition establishes CPVC resin manufacturing capabilities for a key raw material.
The company reported Q1 FY26 consolidated revenue of ₹13,612 million and profit after tax of ₹792 million.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:ASTRAL•Bombay Stock Exchange
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