Date: September 24, 2026
Acquisition Details
Target Entity: Enchem Ami Organics Private Limited (EAOPL)
Type of Deal: 100% Acquisition
Stake/Capacity: 100% share capital comprising 10,000 equity shares of face value ₹10 each
Deal Value: ₹1,00,000 (One Lakh Rupees)
Funding Source: Cash consideration
Financial Impact: Not disclosed in the document. EAOPL has reported nil revenue for FY2024-25 and FY2025-26 since its incorporation.
Timeline: Expected completion within one month, subject to applicable formalities
Strategic Rationale: The acquisition will make EAOPL a direct wholly-owned subsidiary of Acutaas Chemicals Limited. The business of EAOPL is in line with the main business of the Company (specialty chemicals).
Approval Status: Board approved at meeting held on September 24, 2026
Reference Regulation: SEBI Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015
Target Company Background
Enchem Ami Organics Private Limited was incorporated on June 6, 2024 (CIN: U20119GJ2024PTC152238).
Capital Structure:
- Authorized Share Capital: ₹1,00,000 divided into 10,000 equity shares of ₹10 each
- Issued and Paid-up Share Capital: ₹1,00,000 divided into 10,000 equity shares of ₹10 each
Financial Performance:
- FY 2024-25 Turnover: Nil
- FY 2025-26 Turnover: Nil
Business: Engaged/proposed to be engaged in the business of specialty chemicals with presence in India.
Transaction Structure
The acquisition will be undertaken by way of transfer of shares of EAOPL from Acutaas Chemicals Electrolytes Private Limited (ACEPL) to Acutaas Chemicals Limited at the face value of equity shares (₹10 each) on an arm's length basis.
Regulatory Aspects
No governmental or regulatory approvals are required for this acquisition.
The acquisition does not fall within related party transactions as EAOPL is currently a step-down subsidiary through ACEPL, which is a wholly-owned subsidiary of Acutaas Chemicals Limited.