Acutaas Chemicals Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2026. The filing, dated August 29, 2026, was sent to the listing departments of BSE Limited and the National Stock Exchange of India Limited in compliance with SEBI regulations. The company’s turnover for the period stood at ₹13,237.92 crore, with a net worth of ₹16,683.87 crore.

Governance and Assurance

The report covers the standalone operations of Acutaas Chemicals Limited. The company obtained reasonable assurance for its core KPIs from TÜV SÜD South Asia Pvt. Ltd. This assurance covered critical metrics including greenhouse gas footprint, water and energy footprints, waste management, employee safety statistics, and gender wage gaps. The ESG Committee, chaired by Whole Time Director Ram Mohan Lokhande, met three times during the fiscal year to oversee sustainability strategy and risk management.

Environmental Performance

Acutaas Chemicals reported total energy consumption of 5,31,497.04 GJ for FY26. Renewable sources contributed 61,266.29 GJ to this total, driven by a 15.8 MW solar power project that met approximately 52% of electricity requirements for its Ankleshwar and Jhagadia units.

Water withdrawal increased to 1,39,547 kilolitres from 1,28,710 kilolitres in the previous year. The Sachin manufacturing site operates under a Zero Liquid Discharge model. Total waste generated rose significantly to 17,023.90 metric tonnes compared to 8,020.32 metric tonnes in FY25, with hazardous waste constituting the majority at 16,721.31 metric tonnes.

Social and Employee Metrics

The company employed 940 permanent employees and engaged 773 workers as of March 31, 2026. Exports accounted for 76% of total turnover, serving customers across 55 countries. The firm spent ₹6.59 crore on employee well-being measures, representing 0.48% of total revenue. Safety records showed zero lost-time injuries for employees and workers during the reporting period, an improvement from one fatality among workers in the prior year.

What the Numbers Show

The divergence between rising revenue and increasing energy intensity warrants attention. While revenue grew from ₹9,898.35 crore to ₹13,237.92 crore, total energy consumption jumped by roughly 22% to 5,31,497.04 GJ. This resulted in a higher energy intensity per rupee of turnover (0.0004 GJ/₹) compared to 0.00004 GJ/₹ in the prior year. Similarly, waste generation more than doubled, indicating that operational scale expansion outpaced efficiency gains in resource utilization during the period.

Acutaas Chemicals has inaugurated a semiconductor materials manufacturing plant in Gongju, South Korea, through its step-down subsidiary Indichem Inc. The facility was commissioned on August 28, 2026, marking the operational start of the company’s expansion into high-purity chemical supplies for the semiconductor industry.

The plant was completed within 11 months of its groundbreaking on September 29, 2025. It spans 16,513.7 square metres across three buildings: a main production block, a combined headquarters, research and development centre and pilot plant, and a warehouse. Additional land is available on-site for future expansion.

Joint Venture Structure

Indichem Inc. is a joint venture between Acutaas Advance Material Limited (AAML), a wholly owned subsidiary of Acutaas Chemicals, and J & Materials Co. Ltd of South Korea. AAML holds a 75% stake in the venture, while J & Materials holds the remaining 25%. Acutaas has invested KRW 30 billion (approximately ₹200 crore) in Indichem.

Operational Model

The venture operates on a synergistic two-country model. Chemicals are synthesised in India and then refined, tested and qualified to semiconductor grade in South Korea. This approach places the final production stage close to the customer base in the Republic of Korea, aiming to create operational and technological synergies. The materials produced require parts-per-billion purity levels, necessitating rigorous quality control and technical expertise.

Naresh Patel, Chairman and Managing Director of Acutaas Chemicals, stated that the rapid commissioning reflects the discipline of both partners. He noted that combining India’s strength in complex chemical synthesis with Korea’s expertise in ultra-high-purity refining creates a model neither company could have executed alone.

Jay Han, Chief Executive Officer of Indichem Inc., described the facility as a starting point for creating one of the leading semiconductor materials companies in the Republic of Korea. He emphasised that the strategy involves bringing Indian synthesis capabilities to Korea rather than asking customers to source from India.

What the Numbers Show

The investment structure highlights a significant capital commitment by Acutaas to secure majority control in the joint venture. With a ₹200 crore investment for a 75% stake, the total implied valuation of Indichem Inc. stands at approximately ₹266 crore. This capital allocation underscores the strategic priority placed on the semiconductor materials segment, which requires high initial capex for ultra-high-purity infrastructure before revenue generation begins.