Astral Limited · NSE:ASTRAL
Astral — Investor Presentation (May 2025)
70 slides from Astral's investor presentation, May 2025
Slide 1: Astral Limited Investor Presentation 2025
ASTRAL LIMITED INVESTOR PRESENTATION 2025 Rising on
Slide 2: Inside the Presentation
INSIDE THE PRESENTATION 01 COMPANY OVERVIEW 02 PRODUCT OFFERINGS AND BRANDING – PLUMBING BUSINESS 03 SUSTAINABILITY INITIATIVES 04 PRODUCT OFFERINGS AND BRANDING – ADHESIVES & PAINTS BUSINESS 05 WAY FORWARD 05 FINANCIAL PERFORMANCE A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 02
Slide 3: Company Overview
01 0 2 | PRODUCT OFFERINGS AND BRANDING - PLUMBING BUSINESS COMPANY OVERVIEW A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 03
Slide 4: Astral at a Glance (1/2)
COMPANY OVERVIEW Astral at a Glance (1/2) 1996 Astral Incorporated 31+ Export Presence 8,900+ Manpower 52 Depots 26 Manufacturing Units 5,49,126 Production Capacity (M.T. PA) 3,81,957 94,483 Pipes, Water Tanks & Bathware Adhesives & Sealants (India) 18 14 02 18 10 05 01 07 03 Pipes Adhesives Faucets
Slide 5: Astral at a Glance (2/2)
COMPANY O VERVIEW Astral at a Glance (2/2) CORPORATE STRUCTURE 80% ASTRAL 95% 100% COATINGS SEAL IT SEAL IT PVT. LTD. (UK) (USA) 50% 100% ASTRAL 100% AL-AZIZ 100% SISL (BOND IT) APL FOUNDATION PLASTICS IRELAND (KENYA) PRIVATE LIMITED A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 05
Slide 6: Operating in 9 High Growth Categories
01 COMPANY O VERVIEW P Operating in 9 High Growth Categories Pipes and Fittings 02 03 04 05 W A CC B Water Tanks Adhesives Construction Bathware and Sealants Chemicals 06 07 08 09 PA V I S Paints Specialized Infrastructure Specialized Valves Fittings A S T R A L L I M I T E D | INVESTOR PRESENTATION
Slide 7: Astral the Trendsetter
COMPANY OVERVIEW Astral the Trendsetter 01 02 03 04 India's first lead-free First to introduce First to One of the fastest- uPVC pipes for potable low-noise drainage introduce CPVC growing building water and column pipes pipes in India Piping in India materials companies for stream water 05 06 07 08
Slide 8: Astral Journey
COMPANY O VERVIEW Astral Journey 1996 2014-16 2018-20 2021 2022 2023 2024 • Acquired Seal It • USA Plant of Seal It • Introduced India's • Drain Pro Launch • Celebrated 25 • Launch of Limited, UK Limited first Anti Viral years of Astral Astral Paints Astral Incorporated Operational Water Tanks – Cle
Slide 9: 2025 Year at Astral
CO MPANY OVERVIEW 2025 Year at Astral 01 02 03 SUPERBRANDS 2025 ASTRAL PIPES OPVC PRO PRODUCT AWARD FOR ASTRAL WON INDIA’S MOST LAUNCH PIPES AND BONDTITE TRUSTED PIPE BRAND 2025 04 05 06 STP PRO NEW BATHWARE ACQUIRED PRODUCT BUSINESS REACHED AL-AZIZ PLASTICS MORE THAN 100 CR PVT LTD. A S T R A L L I
Slide 10: Awards & Certifications Achieved in FY25
COMPANY O VERVIEW Awards & Certifications Achieved in FY25 India Green Manufacturing Challenge Certified as Great Place award for Dahej and Santej Units to Work for 4 consecutive years IS 16534 Certification received for ISI Certification received for Astral Fire Pro Fittings Astral OPVC Pro Pipes I
Slide 11: The Torch Bearer in The Pipes Category
COMPANY O VERVIEW The Torch Bearer in The Pipes Category 1998 2004-08 2010-13 2016 2023 2024 • Introduced CPVC • Lead-free uPVC pipes • Low Noise • Indigenous • NSF approval for water • Indigenous Range of pipes and fittings and fittings PP Drainage System CPVC Compound tanks surface drainage – • NS
Slide 12: Pipes, Bathware & Water Tanks Manufacturing Units (1/2)
COMPANY O VERVIEW Pipes, Bathware & Water Tanks Manufacturing Units Installed Capacity (1/2) SANTEJ DHOLKA GHILOTH P W P P W 79,956 M.T. 70,622 M.T. 54,917 M.T. HOSUR JAMNAGAR SANGLI P W B P 53,857 M.T. 1,056 M.T. 40,244 M.T. KEYS: P PIPES W Water Tanks B Bathware A S T R A L L I M I T E D | INVESTO
Slide 13: Pipes, Bathware & Water Tanks Manufacturing Units (2/2)
COMPANY O VERVIEW Pipes, Bathware & Water Tanks Manufacturing Units Installed Capacity (2/2) AURANGABAD SITARGANJ BHUBANESHWAR P W P P W 11,687 M.T. 5,076 M.T. 32,873 M.T. GUWAHATI HYDERABAD AL AZIZ P W P W S 10,788 M.T. 20,880 M.T. 3,863 M.T. KEYS: P PIPES W Water Tanks B Bathware S Specialized Fit
Slide 14: Upcoming Pipes & Water Tanks Manufacturing Unit
COMPANY O VERVIEW Upcoming Pipes & Water Tanks Manufacturing Unit KANPUR P W 60,000 M.T. KEYS: P PIPES W Water Tanks A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 14
Slide 15: Adhesives & Construction Chemicals Mfg. Units
COMPANY O VERVIEW Adhesives & Construction Chemicals Mfg. Units – Installed Capacity UK + US 1 SANTEJ RANIA A A India 2 36,686 M.T. UK + US capacity 28,086 M.T. 30,998 M.T. SEAL IT, UK SEAL IT, USA DAHEJ A A A 35,400 M.T. A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 15
Slide 16: Paints Manufacturing Units
COMPANY O VERVIEW Paints Manufacturing Units Installed Capacity SOMPURA PEENYA DABASPET PA PA PA 16,716 M.T. 12,447 M.T. 6,837 M.T. KEYS: PA PAINTS A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 16
Slide 17: Manufacturing Facilities
COMPANY O VERVIEW Manufacturing S I T AR G A N J 5,076 M.T. Facilities P R AN I A GHILOTH A 30,998 M.T. 54,917 M.T. P W G U W A H AT I S A N T EJ 28,086 M.T. A W P 10,788 M.T. UK + US S A N T EJ capacity 79,956 M.T. P W India B H U B A N E S H WAR D H O L KA ( C U T T A CK ) 70,622 M.T. P W P 32,873
Slide 18: Pan India Presence - Plumbing Business
COMPANY O VERVIEW TOATL FIGUE RS Pan India Presence - 11 20 13 Plumbing Business TOTAL PLANT TOTAL DEPOT TOTAL OFFICE 01. ANDHRA PRADESH 02. ASSAM 03. BIHAR 04. DELHI DEPOT -1 PLANT -1 DEPOT -1 DEPOT -2 DEPOT -1 OFFICE -1 15 06 05. GUJARAT 06. HARYANA 07. KARNATAKA 08. KERALA 04 12 16 02 PLANT -3 DE
Slide 19: Pan India Presence - Adhesives & Paints Business
COMPANY O VERVIEW TOATL FIGUE RS Pan India Presence - 06 32 04 Adhesives & Paints Business TOTAL PLANT TOTAL DEPOT TOTAL OFFICE 01. ANDHRA PRADESH 02. ASSAM 03. BIHAR 04. DELHI DEPOT -1 DEPOT -1 DEPOT -1 DEPOT -1 15 06 05. GUJARAT 06. KARNATAKA 07. KERALA 08. MADHYA PRADESH 04 12 16 02 PLANT -2 PLAN
Slide 20: Product Offerings and Branding - Plumbing Business
02 0 3 | SUSTAINABILITY INITIATIVES PRODUCT OFFERINGS AND BRANDING – PLUMBING BUSINESS A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 20
Slide 21: Pipes Products Range (1/2)
PROD UCT O FFERINGS AND BRAND ING – P LUMB ING BUSINESS Pipes Products Range (1/2) PLUMBING DRAINAGE AGRICULTURE CABLE PROTECTION INDUSTRIAL PIPING SYSTEM SYSTEM SYSTEM SYSTEM SYSTEM A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 21
Slide 22: Pipes Products Range (2/2)
PROD UCT O FFERINGS AND BRAND ING – P LUMB ING BUSINESS Pipes Products Range (2/2) FIRE PROTECTION URBAN SOLVENT CEMENTS ANCILLARY SYSTEM INFRASTRUCTURE A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 22
Slide 23: Specialized Valves
PROD UCT O FFERINGS AND BRAND ING – P LUMB ING BUSINESS Specialized Valves COMPACT TRUE UNION BALL VALVE SINGLE UNION BALL VALVE INDUSTRIAL BALL VALVE A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 23
Slide 24: Water Tanks
PROD UCT O FFERINGS AND BRAND ING – P LUMB ING BUSINESS Water Tanks A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 24
Slide 25: New Products launched - Specialized Fittings, STP Pro
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS SPECILIZED FITTINGS New FEATURES 01 02 Products Electrofusion fittings for Integrated Clamp water, gas, industrial Saddles applications, sewage and drainage launched 03 04 Compression Fittings PPR Pipe Fittings 05 06 Mechanical Clamp Integrated c
Slide 26: New Products launched - Channel Pro, PTMT Bath Series
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS ASTRAL CHANNEL PRO New Channel Pro – Indigenously Products Developed Product- available with a full range launched A S T R A L P T M T B AT H S E R I E S Astral PTMT Bath Series A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 26
Slide 27: New Products launched - Multipex, Fire Pro
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS A S T R A L M U LT I P E X New FEATURES 3-Layer Composite Piping System for Products Hot And Cold Water Plumbing launched ASTRAL FIRE PRO Available now with ISI and uL approval for both pipes and Fittings IS:16534 IS:16088 EX15300 A S T R A L L I
Slide 28: Branding Pipe Business
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Branding Pipe Business A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 28
Slide 29: Marketing Communication
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Marketing Communication A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 29
Slide 30: Marketing Communication
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Marketing Communication Official Partner Associate Partner Associate Partner A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 30
Slide 31: Exhibition Participations
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Exhibition Participations A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 31
Slide 32: Astral Bathware
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS P R O U D LY M A D E I N I N D I A Astral Supporting local industry with high-quality Indian manufacturing. Bathware D E S I G N & I N N O VAT I O N C E N T R E Leading in design trends and technological advancements. STRONG AF TER SALES SERVICE
Slide 33: Bathware Products Range (1/2)
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Bathware Products Range (1/2) A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 33
Slide 34: Bathware Products Range (2/2)
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Bathware Products Range (2/2) A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 34
Slide 35: PTMT Product Range
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS PTMT Product Range A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 35
Slide 36: Branding Bathware Business
PROD UCT O FFERINGS AND BRAND ING - PLUMBING BUSINESS Branding Bathware Business A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 36
Slide 37: Sustainability Initiatives
03 0 4 | PRODUCT OFFERINGS AND BRANDING ADHESIVES & PAINTS BUSINESS SUSTAINABILITY INITIATIVES A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 37
Slide 38: Empowering Communities, Enhancing Lives
SUSTAINABILITY INITIATIVES Empowering ASTRAL FOUNDATION INITIATIVES Communities, Enhancing Lives Education Environment While financial success is a key metric of our achievements, we place equal value on the development and Support Wildlife empowerment of the communities Conservation to Disabled whe
Slide 39: Contributing to a Better Society
SUSTAINABILITY INITIATIVES Contributing to a Better Society BAL SARTHI SAVE GIRL SUPPORT TO SUPPORT FOR SANJIVANI PROJECT SAVE TREE SUNDARVAN- TYPE-1 DIABETES PROJECT AHMEDABAD PATIENTS A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 39
Slide 40: Sustainability & ESG Highlights
SUSTAINABILITY INITIATIVES ENVIRONMENTAL SOCIAL GOVERNANCE STEWARDSHIP RESPONSIBILITY EXCELLENCE Sustainability & • Renewable electricity • Lost Time Injury Frequency Rate Plan to implement tech ESG Highlights consumption increased by 49% compared to FY24. • Non-renewable energy consumption decrease
Slide 41: New Bharat Initiative: Progress & Outlook
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS New Bharat Initiative: Progress & Outlook OBJECTIVE FY25 PROGRESS LOOKING AHEAD The initiative has delivered strong results The positive momentum from the New in its first full year, significantly expanding Bharat Initiative is expecte
Slide 42: Adhesives Products Range (1/2)
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Adhesives Products Range (1/2) EPOXY ADHESIVES PVA ADHESIVES RUBBER ADHESIVES ANAEROBIC AND PUTTY ADHESIVES A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 42
Slide 43: Adhesives Products Range (2/2)
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Adhesives Products Range (2/2) TAPES SEALANTS INSTANT INDUSTRIAL ADHESIVES ADHESIVES A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 43
Slide 44: Construction Chemicals Products Range
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Construction Chemicals Products Range TILING WATERPROOFING WATERPROOFING WATERPROOFING SOLUTIONS SOLUTIONS - BASEMENT SOLUTIONS - EXTERIOR SOLUTIONS -BATHROOM A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 44
Slide 45: Paints Products Range
COMPANY O VERVIEW Paints Products Range A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 45
Slide 46: Gem Paints Products Range
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Gem Paints Products Range DECORATIVE ENAMEL INDUSTRIAL PRIMERS RANGE RANGE (WATER THINNABLES) A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 46
Slide 47: Astral Paints Products Range
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Astral Paints Products Range INTERIOR EXTERIOR KITCHEN WALL PUTTY EMULSION EMULSION SPECIAL A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 47
Slide 48: Marketing Communication
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Marketing Communication A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 48
Slide 49: Marketing Communication
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Marketing Communication A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 49
Slide 50: Branding Paints Business
PROD UCT O FFERINGS AND BRAND ING - AD HESIVES & PAINTS BUSINESS Branding Paints Business A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 50
Slide 51: Financial Performance
06 CONTACT US FINANCIAL PERFORMANCE A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 51
Slide 52: Consolidated Full Year Performance (1/3)
FINANCIAL P ERFO RMANCE Consolidated Full Year Performance (1/3) Revenue from Operation EBITDA PBT (Before Exceptional item) (₹ M N) (₹ M N) (₹ MN) 16.41% 10.48% 7.15% 5 Years 5 Years 7,336 7,025 5 Years CAGR CAGR 6,485 6,170 CAGR 56,414 58,324 51,585 9,603 9,872 5,330 43,940 7,883 8,351 31,763 6,62
Slide 53: Consolidated (2/3)
FINANCIAL P ERFO RMANCE Consolidated (2/3) Working Capital Inventory No. of Days (IN DAYS) 80 Debtors No. of Days 62 63 61 59 Net Working 60 54 Capital No. of Days 40 37 32 30 27 22 27 27 20 25 24 21 0 FY21 FY22 FY23 FY24 FY25 A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 053
Slide 54: Consolidated (3/3)
FINANCIAL P ERFO RMANCE Consolidated (3/3) Net Cash Balance (₹ M N) 5,566 5,132 4,644 4,094 4,108 FY21 FY22 FY23 FY24 FY25 A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 054
Slide 55: Group Revenue Breakup
FINANCIAL P ERFO RMANCE Group Revenue Breakup FY24 FY25 (IN %) (IN %) 27% Paints & 28% Paints & Adhesive Adhesive 73% Plumbing 72% Plumbing A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 055
Slide 56: Plumbing Business (1/3)
FINANCIAL P ERFO RMANCE Plumbing Business (1/3) Revenue from Operation EBITDA PBT (Before Exceptional item) (₹ M N) (₹ M N) (₹ MN) 14.77% 10.98% 9.52% 5 Years 5 Years 5 Years CAGR CAGR CAGR 41,420 41,963 7,924 6,002 6,020 37,675 7,572 1.31% 4.65% 0.30% 33,658 5,191 Y-O-Y 6,419 Y-O-Y Y-O-Y 6,330 4,85
Slide 57: Plumbing Business (2/3)
FINANCIAL P ERFO RMANCE Plumbing Business (2/3) Capacity 10.31% Sales 13.55% (IN ‘000 MT) 5 Years CAGR (IN ‘000 MT) 5 Years CAGR 14.34% 3.42% Y-O-Y Y-O-Y 227.09 219.59 381.96 334.04 177.63 290.18 274.82 149.57 257.95 136.59 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 A S T R A L L I M I T E D
Slide 58: Plumbing Business (3/3)
FINANCIAL P ERFO RMANCE Plumbing Business (3/3) Working Capital Inventory No. of Days (IN DAYS) 80 Debtors No. of Days 64 65 59 60 Net Working 60 54 Capital No. of Days 40 32 27 21 19 20 17 23 18 18 19 12 0 FY21 FY22 FY23 FY24 FY25 A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 58
Slide 59: PVC Price Trend
FINANCIAL P ERFO RMANCE PVC Price Trend Price trend PIPE (IN ₹) 160.0 149.8 FITTINGS 147.9 147.9 150.0 141.8 140.0 141.8 141.9 141.9 126.8 130.0 122.9 133.8 120.0 122.8 110.0 116.9 100.0 94.4 95.9 94.9 95.6 88.3 90.0 83.3 82.3 83.1 84.1 81.5 92.6 88.4 89.9 88.9 78.6 80.0 85.4 80.4 79.4 80.1 81.1 78.
Slide 60: Paints and Adhesives Business
FINANCIAL P ERFO RMANCE Paints and Adhesives Business Revenue from Operation EBITDA PBT (Before Exceptional item) (₹ M N) (₹ M N) (₹ MN) 21.23% 8.55% (3.21%) 5 Years 5 Years 5 Years CAGR CAGR CAGR 16,361 14,994 1,320 1,334 2,031 1,294 13,910 9.12% 1,932 1,948 (4.09%) (24.66%) Y-O-Y Y-O-Y 1,145 Y-O-Y
Slide 61: Way Forward
05 0 6 | FINANCIAL PERFORMANCE WAY FORWARD A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025 61
Slide 62: Way Forward
WAY FO RWARD Despite challenging Way Forward conditions, including a decline of over 18% in PVC resin prices and negative industry growth, Astral achieved a consolidated revenue and volume growth of 3.4%, clearly reflecting It gives me great pleasure to present to you the results for FY25, a year in
Slide 63: Industry Outlook - Pipes
WAY FO RWARD Industry Outlook 01 The pipes and fittings industry is witnessing early signs of recovery in PVC prices after a year of high volatility and sharp declines. Pipes 02 Enforcement of BIS norms for PVC is expected in the current year 2025-26, which will phase out non-compliant carbide-based
Slide 64: Revenue Drivers for Next 5 years - Pipes
WAY FO RWARD 01 02 03 Revenue Drivers Capacity expansion, with the The acquisition of Al-Aziz Regulatory tailwinds from for Next 5 years – Hyderabad plant fully Plastics adds electrofusion, BIS implementation and anti- operational and ongoing compression, and PPR Pipe dumping duties are set to favou
Slide 65: Industry Outlook - Adhesives & Sealants
WAY FO RWARD Industry Outlook 01 The adhesives and sealants market in India continues to outpace GDP growth, driven by rising construction, renovation, and rural Adhesives & Sealants consumption. The UK adhesives industry remains subdued 02 due to macroeconomic challenges, but we are expecting a rec
Slide 66: Revenue Drivers for Next 5 years - Adhesive
WAY FO RWARD 01 02 03 Revenue Drivers Expansion of the Dahej plant Continued rollout of rural New product launches for Next 5 years – and automation will drive initiatives and targeted in waterproofing, construction capacity and efficiency gains in marketing will deepen chemicals, and value-added th
Slide 67: Option Value
WAY FORWARD Option Value 01 02 03 The acquisition of Al-Aziz Plastics Bathware, with 51.4% annual growth, The paints business, leveraging the provides Astral with entry into is emerging as a scalable new vertical Gem brand and Astral’s own brand, is high-growth segments such as gas, with strong mark
Slide 68: Key Take Away
FINANCIAL P ERFO RMANCE Key Take Away 01 02 03 Astral delivered resilient performance in FY25, Pipes and plumbing remain the core growth engine, Adhesives and paints businesses are with 3.4% revenue/volume growth and robust supported by capacity expansion, regulatory scaling up, with domestic adhesi
Slide 69: Disclaimer
Disclaimer The information in this presentation has been prepared for use in presentations by Astral Limited (the “Company”) for information purposes only and does not constitute, or should be regarded as, or form part of any offer, invitation, inducement or advertisement to sell or issue, or any so
Slide 70: Thank You
THANK YOU Contact Us REGISTERED & CORPORATE OFFICE AHMEDABAD ASTRAL LIMITED "ASTRAL HOUSE" 207/1, Behind Rajpath Club, Off. S.G. Highway, Ahmedabad - 380059, India. M: +91-79-66212000 | +91-79-66212121 W: info@astralltd.com A S T R A L L I M I T E D | INVESTOR PRESENTATION 2025