Mumbai, September 11, 2025: In a strategic move aimed at consolidating its presence in the paints and coatings industry, Astral Limited has announced the acquisition of the remaining 20% stake in its subsidiary, Astral Coatings Private Limited, for Rs. 75 crore. With this transaction, Astral Coatings becomes a wholly-owned subsidiary, granting Astral Limited complete control over its coatings business.
Acquisition Details and Timeline
The Board of Directors of Astral Limited approved the acquisition on September 10, 2025, and the company expects to complete the transaction on or before October 31, 2025. The deal involves purchasing the remaining equity shares from the existing shareholder, increasing Astral Limited’s ownership from 80% to 100%. Notably, the acquisition does not require any governmental or regulatory approvals, streamlining the completion process.
About Astral Coatings
Formerly known as Gem Paints Private Limited, Astral Coatings operates in the manufacturing, sale, and distribution of paints, varnishes, coatings, home décor products, and industrial paints. The company has consistently demonstrated strong performance in recent years:
| Financial Year | Turnover (Rs. in million) |
| 2025 | 1,960.90 |
| 2024 | 1,851.30 |
| 2023 | 2,157.61 |
This acquisition is expected to enhance operational efficiency, improve synergies, and enable faster decision-making within the coatings business.
Strategic Significance
Chintankumar Patel, Company Secretary of Astral Limited, highlighted in the regulatory filing that full ownership will help streamline operations, leverage synergies, and accelerate strategic initiatives. The move aligns with Astral Limited’s broader strategy to strengthen its foothold in the coatings sector, ensuring greater control over production, distribution, and market expansion.
Market Impact
By consolidating its ownership of Astral Coatings, Astral Limited is poised to enhance efficiency, optimize resource allocation, and explore new growth opportunities in the paints and coatings industry. Investors and market watchers are expected to monitor the impact of this acquisition on Astral Limited’s financial performance, operational metrics, and market position in the coming quarters.
With this acquisition, Astral Limited signals its intent to expand and solidify its presence in the high-growth coatings market, potentially unlocking new avenues for product innovation and business development.
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