Astral Ltd

AGM Details

• Date: 24 August 2026; mode: VC/AVM; start about 11:00 AM, end about 11:58 AM.
• Record date: 17 August 2026; shareholders on record roughly 263k.
• Attendance: promoter group 4 and public 49 attended via video conferencing.

Resolutions put to vote

• Resolution 1: Adopt Audited Financial Statements; Ordinary, passed.
• Resolution 2: Declare Final Dividend; Ordinary, passed.
• Resolution 3: Re-appoint Hiranand Savlani by rotation; Ordinary, passed.
• Resolution 4: Re-appoint Sandeep Engineer as Managing Director; Special, passed with notable opposition.
• Resolution 5: Ratify remuneration of Cost Auditors; Ordinary, passed.

Voting results highlights

• Resolution 1: High approval, minimal dissent.
• Resolution 4: Notable minority opposed; MD appointment affected.
• Overall: All resolutions passed.

Dividend

• Final dividend approved; interim dividend already declared; per-share amount not disclosed here.

Director & Auditor changes

• MD appointment: Sandeep Engineer re-appointed; other directors unchanged.

Auditors

• Cost Auditors remuneration ratified; no change in statutory auditors reported.

Material Related Party Transactions

• No material RPTs disclosed in this filing.

AGM details and resolutions

• AGM held on 24 August 2026 at 11:00 a.m. via VC/OAVM.
• Record date: 17 August 2026.
• Total resolutions presented and passed: five.
• Resolution 1: adopt Audited Financial Statements and Directors’/Auditors’ reports; passed 99.93% in favour.
• Resolution 2: declare Final Dividend for year ended 31 March 2026; passed 99.99%.
• Resolution 3: re-appointment of Hiranand Savlarii as director; passed 99.39%.
• Resolution 4: re-appointment of Sandeep Engineer as Managing Director; passed 81.10% in favour.
• Resolution 5: ratify remuneration of Cost Auditors; passed 99.99%.

AGM Details

• Date and time: 24 August 2026 at 11:00 a.m.
• Mode: VC/OAVM.
• Duration: 11:00 a.m. to 11:58 a.m.
• Chairman: Mr. Sandeep Engineer (CMD).
• E-voting window: 21-23 August 2026; voting available at AGM.
• Notice and Auditor’s Report read.

Resolutions considered

• Adoption of Audited Financial Statements including Consolidated Statements for year ended 31 March 2026.
• Confirm interim dividend and declare final dividend for year ended 31 March 2026.
• Re-appointment of Hiranand Savlani retiring by rotation.
• Re-appointment of Sandeep Engineer as Managing Director.
• Ratification of remuneration of Cost Auditors for FY 2027.
• Voting results will be submitted separately.

Filing Status

• Transcript body not present; wrapper-only filing for Aug 12, 2026 earnings call.

Meeting Details

• Date: August 12, 2026; time not disclosed.
• Type/Mode: Earnings conference call; audio recording.
• Event: Earnings conference call with analysts and investors.
• Key participants: management roles not disclosed.
• Purpose: Discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Recording: Audio recording available on Astral's website.

Consolidated financial highlights

• Revenue from operations Rs 15,780 mn, up 15.9% YoY.
• EBITDA Rs 2,440 mn; margin 15.5% of net sales.
• PBT Rs 1,628 mn; margin 10.3%.
• PAT (before OCI) Rs 1,202 mn; margin 7.6%.
• Cash Profit Rs 1,956 mn; margin 12.4%.
• EPS Rs 4.47.

Segment performance

• Plumbing revenue Rs 10,505 mn; YoY +10.1%; EBITDA Rs 1,983 mn; margin 18.9%.
• Paints & Adhesives revenue Rs 5,275 mn; YoY +29.5%; EBITDA Rs 457 mn; margin 8.7%.
• Adhesive India sales +24.9%; EBITDA margin 12.2%.
• Adhesive Overseas sales +26%; EBITDA margin 4.9%.
• Bathware sales +18.1%.

Capacity and product updates

• Pipes and fittings capacity raised to 421,497 MT.
• CPVC resin plant 40,000 MT Phase I ready by December; trials Q4 FY27.
• Extura Vivid exterior emulsion launched.

Strategic developments

• Astral Chemie to acquire 60% stake in DSS; upfront Rs 391 mn.
• DSS contributed Rs 67 mn revenue and Rs 9 mn EBITDA in Q1.

Liquidity and outlook

• Consolidated cash and bank balances Rs 4,666 mn.
• PVC prices inching up; MIP to stabilize PVC prices.
• Full benefit of CPVC plant expected from FY28.