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Astral Ltd. Company History and Annual Growth Details

Our Company was incorporated on March 25, 1996 as ASTRAL POLY
TECHNIK PRIVATE LIMITED, under the Companies Act, 1956, with the
Registration Number 04-29134. The name of our Company was changed to
ASTRAL POLY TECHNIK LIMITED vide fresh Certificate of Incorporation
dated September 29, 2006 with Company Identification Number
U25200GJ1996PLC029134.

Our Registered Office is situated at 901, Parshwa Towers, Opp. Rajpath Club,
Sarkhej-Gandhinagar Highway, Ahmedabad- 380 054.

Business Overview

We are a manufacturer and provider of CPVC piping and plumbing systems in
India since 1999. We are the first licensee of Noveon, USA (formerly known as
Specialty Chemical Divison of B.F Goodrich, USA) to manufacture and market
CPVC piping and plumbing system in India. In order to strengthen our business
plans, we entered into a techno-financial joint venture with Specialty Process LLC
of USA, which provided us the required technical expertise for manufacturing our
CPVC pipes and fittings for home and industrial application. Over the years, we
have expanded and enhanced our product lines to provide continually improved
services to our customers. As a manufacturer of CPVC pipes and fittings for hot
and cold water, industrial and pressure systems application, we had introduced
a new product range in lead free PVC pressure pipes and fittings in the year 2004.
With a concept of providing a one-stop source for all the plastic piping systems,
we also began trading in products such as CPVC and PVC fittings, flanges and
valves from Spears (USA), solvent cements (adhesive solutions) for joining pipes
and fittings from IPSC (USA), underground specialty fittings from Hunter (U.K)
and CPVC and PVC plastic pipes of a larger diameter from Harvell Inc. (USA)

Our Company has its production facilities at Gujarat and Himachal Pradesh to
manufacture plumbing systems from Â½" to 8" diameter. Our products include
CPVC pipes and fittings for hot and cold water plumbing systems, CPVC industrial
piping system for transportation of hazardous and highly corrosive chemicals, lead
free PVC systems for cold water application.

Innovative product designs and improvements, new technologies, and a fully
integrated manufacturing system are all a part of ASTRAL's ongoing commitment
to quality, satisfaction and service.

Our Company has received an ISO 9001:2000 certificate in respect of manufacture
and supply of CPVC and PVC pipes and fittings for plumbing systems and industrial
piping system. The raw material used by us for manufacturing CPVC products is
certified by National Sanitary Foundation (NSF).

Our business has grown at CAGR of 45.17% over a period of 5 years from 2002 to
2006 as reflected in the turnover for the year 2006 which was Rs.5165.38 Lacs as
compared to Rs.801.42 Lacs in the year 2002. Our Company enjoys countrywide
presence through its extensive distribution network comprising of more than 120
Distributors and 2000+ retail outlets. The products of our Company are very well
accepted in all parts of the country though southern and Western India contributes
to more than 75% of its business.

Major events in the History of the Company:

Year Event

1996 Incorporation

1995 Entered into a joint venture with Specialty Process LLC, by signing
an agreement for equity and technical collaboration
Entered into the Corzan Processor Agreement with B.F. Goodrich Co.,
USA
1998 Entered into the FlowGuard CPVC Processor Agreement with B.F. Goodrich
Co., USA
Launching CPVC in the Indian market
Commenced production of FlowGuard CPVC products
1999 Entered into the Technology License Agreement in continuation of the CPVC
Processor Agreement with B.F. Goodrich Co., USA
2001 Commenced manufacturing of CPVC fittings
Expansion of manufacturing facilities at Santej, Gujarat 2002
Setting up of branch offices at Delhi and Mumbai and a sales depot at
Bangalore
2003 Received ISO 9001: 2000 Certification
Commenced manufacturing of lead free PVC piping systems in India
2004 Commenced export sales
Revalued land and plant and machinery
2005 Setting up our second manufacturing facility at Baddi, Himachal Pradesh
2006 Received an award from Noveon for crossing the mark of 1,000 M.T. CPVC
consumption
Entered into the BlazeMaster Processor Agreement with Noveon
Received an award from Noveon for being nominated as their first licensees
for all their brands viz. FlowGuard, Corzan and BlazeMaster
Conversion to a public limited company

2008- Astral Poly Technik Ltd has entered into the Joint Venture Agreement with Kenya Based Group. The proposed new Company will be formed under the name of "Astral Technologies Ltd" in which Astral Poly Technik Ltd has the stake of 26%.

2009 - Astral Poly Board declares Interim Dividend @ 10%

2010
-Company has splits its Face value of Shares from Rs 10 to Rs 5

2012
-Astral Poly Reappointed Mr. Sandeep Engineer as the Managing Director of the Company.
-Astral Poly Technik receives Power Brands Rising Stars India 2012 Award.

2013
- Induction of New Joint Venture Partner, Ramco Group, Kenya in M/s Astral Technologies Ltd, Kenya.
-Astral Poly Technik was awarded Inc. India Innovative 100-for the year 2013 for smart innovation by Small & Mid-Sized Companies in India.
-Astral awarded Business Standard Star SME of the year-2013.
-Astral Poly Technik has splits its face value from Rs 5/- to 2/-

2014
-Astral Poly Technik Ltd acquired Controlling Stake (80%) in UK based Seal It Services Ltd.
-Astral Poly Technik has received Grant of Licence by BIS for Companys Product Blaze Master CPVC Pipes for Fire Sprinkler System.
-Astral Poly Technik Ltd has been awarded Trophy for being a Finalist in Top 15 out of 350 Nominees for the EY Entrepreneur of the year Award, 2013".
-Astral has commenced commercial production and sale at its new manufacturing facility at Hosur, Tamilnadu having annual capacity of 7000 M.T.
-Astral Poly Technik Ltd. Acquires 76% Stake in Resinova Chemie Ltd.
-Astral Poly Technik has splits its face value from Rs 2/- to 1/-

2016
-Astral Poly Technik "Updates on Purchase of Land in Rajasthan".
-"Astral Poly Technik's Subsidiary Opens Business in U.S.".
-"ASTRAL PIPES Launches New CPVC Plumbing Brand".
-Astral Poly Technik has joined hands with Japan based Sekisui Chemical Company to source Chlorinated Poly Vinyl Chloride resin for hot and cold water plumbing system.

2018

-Astral Poly Technik Limited has informed that, Acquisition of 51% equity shares of Rex Polyextrusion Pvt Ltd. and its amalgamation with the Company.

-Rex Polyextrustion, now an Astral Group

2019

-Astral Pipes Join Hands With Prabhas Starrer Saaho

2021

-The Company has informed that the Board of Directors, have considered and approved bonus at the ratio of 1 : 3, i.e 1 Equity Shares for every 3 Equity Shares held.

-The Company has informed that the name has been changed from "Astral Poly Technik Limited" to "Astral Limited"

-Long-term bank facilities is upgraded to ÂCRISIL AA/StableÂ from ÂCRISIL AA-/PositiveÂ Mumbai/Ahmedabad: Astral Limited (Astral; erstwhile Astral Poly Technik Ltd

-Astral enters faucets and sanitaryware segment in India

2022

-Astral ropes in film star Allu Arjun to strengthen southern markets.

2023
-The Company has issued Bonus Shares in the Ratio of 1:3.
-The Company has started commercial production of Adhesives Division at Dahej Plant.
-The Company has started commercial production of Plastic Water Storage Tank and PVC Pipes at Guwahati Plant.

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