Astral Limited has announced that its wholly owned subsidiary Al-Aziz Plastics Private Limited has been granted a patent by the Patent Office Government of India for an innovative water infrastructure solution. The patent, numbered 583449, covers the invention titled "Multiport Water Outlet" and represents a significant technological advancement in water distribution systems.

Patent Details and Duration

The patent has been granted for a term of 20 years commencing from November 01, 2021, in accordance with the provisions of the Patents Act, 1970. This extended protection period provides Al-Aziz Plastics with exclusive rights to manufacture and commercialize the patented technology.

Technology Features and Benefits

The Multiport Saddle technology offers several innovative features designed to enhance water distribution efficiency. The system provides multiple household connections from a single tapping point, featuring flexible outlet configurations and assured equal distribution of water supply.

Key technological advantages include:

• Multiple Connection Capability: Enables several household connections from one tapping point
• Flexible Configuration: Adaptable outlet arrangements to meet varying installation requirements
• Equal Distribution: Ensures consistent water supply across all connected outlets
• Flow Control: Optional inbuilt flow-control valve for enhanced water management
• Standard Compatibility: Works with standard ferrules and fittings

Engineering and Installation Advantages

The patented solution has been engineered to address common challenges in water infrastructure projects. The technology is designed to handle structural loads while enabling faster installation processes and reducing excavation requirements.

Corporate Communication

The patent grant was communicated to stock exchanges through a formal intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Company Secretary Chintankumar Patel signed the official communication on March 23, 2026, informing both BSE Limited and National Stock Exchange of India Limited about this development.

This patent grant strengthens Al-Aziz Plastics' intellectual property portfolio and demonstrates the subsidiary's commitment to innovation in water infrastructure solutions. The technology addresses key industry challenges while providing practical benefits for water distribution projects.

Astral Limited has announced a strategic investment in renewable energy infrastructure through a Share Subscription and Shareholders' Agreement with Vena Energy Sustainable Power Private Limited. The agreement, signed on 16th March 2026, represents the company's commitment to sustainable energy solutions and cost optimization through captive power generation.

Investment Details

The investment structure demonstrates Astral's measured approach to renewable energy participation:

Target Company Profile

Vena Energy Sustainable Power Private Limited operates in the renewable energy sector with specific focus on hybrid power generation. The company profile reveals:

Financial Performance History

Vena Energy's turnover history reflects its development stage status:

Strategic Rationale

The acquisition serves Astral's operational efficiency objectives by establishing captive user status for renewable energy procurement. The company aims to offtake contracted electricity quantities generated from the hybrid power project in Gujarat, anticipating significant financial and commercial benefits from this arrangement.

Regulatory Compliance

The transaction requires no governmental or regulatory approvals and has been structured as an arm's length transaction. Astral's promoters and promoter group companies have no interest in the target entity, ensuring transaction independence and regulatory compliance under SEBI guidelines.