News ArticleAstral Limited Declares Rs. 1.50 Interim Dividend and Appoints Two Senior Executives Amid Q2 2026 Financial Results
Board approves unaudited financial results for quarter ended September 30, 2026, fixes November 13, 2026 as record date for interim dividend
Astral Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company approved an interim dividend of Rs. 1.50 per share and appointed two senior management personnel, Mr. Ritesh Patel and Mr. Pritesh Shah, effective November 5, 2026.
Astral Limited
Financial Results
Astral Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, approved an interim dividend of Rs. 1.50 per share, and designated Mr. Ritesh Patel and Mr. Pritesh Shah as Senior Management Personnel effective November 5, 2026.
The company’s Board of Directors met on November 5, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, accompanied by the limited review report.
An interim dividend of Rs. 1.50 per share with a face value of Rs. 1 each for the financial year 2026-27 was declared. The record date for determining shareholders eligible for the dividend payment has been set as November 13, 2026.
The Board approved the appointments of Mr. Ritesh Patel as Associate Vice President - Technical Operations and Mr. Pritesh Shah as Associate Vice President - Finance & Accounts, designating them as Senior Management Personnel from November 5, 2026.
Mr. Patel brings 24 years of experience in the plastic piping systems industry, specializing in polymer materials, research & development, technical support, and product innovation. He is active in several Bureau of Indian Standards committees.
Mr. Shah is a qualified Chartered Accountant with over 26 years of experience in finance, accounts, taxation, treasury, and ERP systems, with expertise in financial planning, compliance, and M&A activities.
Highlights
- Unaudited standalone and consolidated financial results approved for Q2 and H1 ended September 30, 2026.
- Interim dividend fixed at Rs. 1.50 per share with record date November 13, 2026.
- Appointment of Mr. Ritesh Patel and Mr. Pritesh Shah as Senior Management Personnel effective November 5, 2026.
- Mr. Patel has 24 years in plastic piping systems with expertise in polymers and standards.
- Mr. Shah is a CA with 26 years of experience in finance and ERP systems.
Key Data Snapshot
What happened
- Astral Limited approved unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026.
- Declared an interim dividend of Rs. 1.50 per share for financial year 2026-27.
- Set record date for dividend entitlement as November 13, 2026.
- Appointed two senior management personnel effective November 5, 2026.
Key details
- Mr. Ritesh Patel appointed Associate Vice President – Technical Operations with 24 years of industry experience and involvement in BIS standardization committees.
- Mr. Pritesh Shah appointed Associate Vice President – Finance & Accounts, a qualified Chartered Accountant with over 26 years of experience in finance and ERP implementation.
- Interim dividend payout is based on a face value of Rs. 1 per share.
- Board meeting commenced at 2:45 p.m. and concluded at 3:40 p.m. on November 5, 2026.
Regulatory and governance context
- Financial results comply with Regulation 33 of SEBI LODR Regulations, 2015.
- Senior management designations conform to Regulation 16(1)(d) of SEBI Listing Regulations.
- Limited review reports accompany the financial results as mandated.
- Information disclosures meet requirements under SEBI circulars dated January 30, 2026.
Highlights
- Unaudited standalone and consolidated financial results approved for Q2 and H1 ended September 30, 2026.
- Interim dividend fixed at Rs. 1.50 per share with record date November 13, 2026.
- Appointment of Mr. Ritesh Patel and Mr. Pritesh Shah as Senior Management Personnel effective November 5, 2026.
- Mr. Patel has 24 years in plastic piping systems with expertise in polymers and standards.
- Mr. Shah is a CA with 26 years of experience in finance and ERP systems.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Source Information
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