Astal Laboratories Announces REACH Certification and Swiss LOI Win

Noida, November 26: Astal Laboratories Ltd has announced that it has secured REACH Compliance Certification in the European Union. It also announced that it has received a Letter of Intent for 60 tonnes of Piroctone Olamine from a Swiss distributor, according to the press release issued on November 25.

The EU REACH Compliance Certificate will allow the company to export specialty chemicals and advanced intermediates to European markets. Furthermore, the LOI for 60 tonnes of Piroctone Olamine IS scheduled for delivery from December 2025 to June 2026.

Astal Laboratories Limited (BSE: 512600) is an Indian company that has undergone a significant business transformation. Originally, it was known as Macro International Limited and was involved in trading, exports (saddlery/leather goods), and departmental stores. However, the company has successfully pivoted its focus. Now, it mainly sells pharmaceutical ingredients and specialty chemicals. The company was established in 1993 and is headquartered in Noida, Uttar Pradesh.

Shares Fall by 0.72% at ₹84.11

As of 2:15 PM, Astal Laboratories’ share price was down by 0.72%, or 0.61 points, and was trading at ₹84.11. Until now, the shares have traded within a range of ₹88 and ₹82.52. The traded volume stood at 8.01 thousand shares, with the company’s market cap at ₹91 crore. The shares have their 52-week high at ₹103.20 and their 52-week low at ₹66.72.

Investor Takeaway for Astal Laboratories

Astal Laboratories securing the EU REACH Certification is a positive development for the company. It will allow the company to increase its exports, as it will now be able to export its specialty chemicals to high-value European markets. Furthermore, the LOI for 60 tonnes provides revenue visibility to the company until June 2026. However, the share price is slightly down as of now. Investors will hope that the share price reflects the positive news and rises in the coming days.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/51996ab4-d2a9-4e0c-9405-ec480935d4b1.pdf

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