CTL Trusteeship Limited has created an encumbrance on 79,00,000 equity shares of Archean Chemical Industries Limited , representing 6.40% of the company's total share capital. The pledge was established on June 10, 2026, with CTL Trusteeship Limited acting in the capacity of Security Trustee for the benefit of Lender(s).

The disclosure was made pursuant to Regulation 29 (1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, CTL Trusteeship Limited, clarified that it does not belong to the promoter or promoter group of the target company. The shares are listed on BSE Limited and National Stock Exchange of India Limited.

Details of the Encumbrance

The filing outlines the specific details of the acquisition by way of pledge. The total equity share capital of the target company remains INR 12,34,58,394, consisting of shares with a face value of Rs. 02 each. The total diluted share capital also remains unchanged at this figure.

Regulatory Filing Details

The document confirms that prior to this acquisition, the acquirer held no shares carrying voting rights, shares in the nature of encumbrance, voting rights otherwise than by shares, or warrants and convertible securities. The mode of acquisition was specifically the pledge of equity shares in favour of CTL Trusteeship Limited.

Deesha Srikkanth, Senior Vice President and Authorised Signatory of CTL Trusteeship Limited, signed the disclosure in Mumbai on June 12, 2026. The filing provides the necessary transparency regarding the change in shareholding structure due to the creation of the pledge.

Archean Chemical Industries held its 17th Annual General Meeting on June 12, 2026, approving the reappointment of its statutory auditors and key independent directors while declaring a final dividend of ₹2.50 per share. The meeting, conducted via video conferencing, ratified the appointment of M/s. PKF Sridhar & Santhanam LLP as statutory auditors for a second term of four years, effective until the conclusion of the 21st AGM in 2030. Shareholders also sanctioned the reappointment of Mr. K M Mohandass and Mr. C G Sethuram as Non-Executive Independent Directors for a five-year term commencing December 6, 2026.

The reappointment of the statutory auditors follows Board approval on May 11, 2026. Established in 1978, M/s. PKF Sridhar & Santhanam LLP brings extensive experience in Audit, Advisory, Consulting, and Assurance. Mr. K M Mohandass, a Fellow Member of the Institute of Chartered Accountants of India with 48 years of experience, and Mr. C G Sethuram, a Chemical Engineer and IIM Ahmedabad postgraduate with 48 years in the chemicals industry, were reappointed as Independent Directors. Both directors are not related to any other director on the Board.

Key Resolutions

All resolutions on the agenda were passed with the requisite majority. The adoption of audited standalone and consolidated financial statements for FY26 was approved. In addition to the auditor and director appointments, the meeting ratified the remuneration of the Cost Auditor for FY 2026-27. The company facilitated remote e-voting via MUFG Intime India Pvt. Ltd. from June 9 to June 11, 2026, for shareholders holding shares as of the cut-off date of June 5, 2026.

Strategic Highlights

During the meeting, the Executive Vice Chairman highlighted the company's strategic vision, focusing on strengthening its marine chemicals business and expanding into specialty chemicals. He noted progress in the semiconductor business through SiCSem Private Limited and participation in the zinc-bromide battery ecosystem via Offgrid Energy Labs. The Managing Director outlined operational priorities, including value-chain integration through bromine derivatives and investments in long-term opportunities in semiconductor and battery technologies. Sustainability initiatives such as increased renewable energy use and Zero Liquid Discharge operations were also emphasized.