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Astral’s arm to acquire 60% partnership interest in Differentiated and Sustainable Solutions
Jun-12-2026

Astral’s wholly owned subsidiary -- Astral Chemie (Formerly known as Astral Coatings) (ACL) has entered into definitive agreements to acquire a 60% partnership interest in Differentiated and Sustainable Solutions LLP (DSS). The cost of acquisition of 60% partnership interest in DSS is Rs 39.11 crore. The transaction is expected to be completed on or before August 31, 2026. Post this acquisition, DSS will become subsidiary of ACL and step-down subsidiary of the company. DSS has been pioneer in development, manufacturing and marketing of high-end specialty products and advanced materials in Indian chemical industry. DSS specialises in Specialty Polyamines used as building block, modifiers and additive along with Epoxies, Polyurethanes, Polyureas and other materials; Curing agents and additives for Thermosets; High purity Bismaleimides and Benzoxazines for electronics, aerospace and defence applications; and Systems for specific applications involving adhesives and tooling, coatings, constructions, composites, electrical and electronic applications.

India imports most of its requirements of Polyamines, Bismaleimides and Benzoxazines. DSS is the only entity in India to possess a technology to produce wide range Polyamines and very unique Bismaleimides and Benzoxazines (Speciality Chemicals). The products of DSS are approved with most of the major customers in India. Globally, these products are manufactured by very few players and there remains significant opportunity to export to USA, EU, Japan and other major economies. DSS also holds & applied for the intellectual property rights for many industrially important chemical processes / products.

While the company provides a strong global platform and ecosystem to leverage technologies and unique complementary product portfolios to accelerate the growth, DSS brings significant strategic fit to the company’s backward integration in key raw materials, enables deeper insight into chemistries and technologies to develop and augment adhesives, constructions, coatings portfolios and facilitate entry into electronics, aerospace, renewable energies and infrastructure.

Astral is among the country’s leading manufacturers of plastic pipes used across the industries and is now making strong inroads into the adhesives segment and infrastructure products.

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