Nexxus Petro Industries Limited is strategically positioned to capitalize on India's accelerating shift toward indigenous bitumen production as the country grapples with a 40% surge in international bitumen prices due to the ongoing West Asia conflict. The Gujarat-based company holds a certified technology license that places it at the forefront of the government's bio-bitumen revolution.

Strategic Market Position Amid Price Volatility

India's bitumen market is experiencing significant disruption as domestic prices have climbed from approximately ₹40,000 per tonne to ₹54,000–₹76,000 per tonne. This price surge has intensified the government's focus on reducing import dependence, creating substantial opportunities for companies with certified bio-bitumen technology.

Exclusive CSIR-Certified Technology License

Nexxus Petro Industries holds a CSIR-CRRI and CSIR-IIP certified license for manufacturing bio-bitumen under the trade name KrishiBind™. This bio-binder, derived from agricultural biomass, positions the company among only 15 companies nationwide to receive such certification from India's premier research institutions.

The technology license becomes particularly significant in light of Union Minister for Road Transport & Highways Shri Nitin Gadkari's statement at the All India Management Association leadership conclave. The minister emphasized that a blend of 30% bio-bitumen from agricultural waste, 16% rubber powder from end-of-life tyres, and 7% waste plastic could entirely eliminate India's dependence on imported bitumen.

Government Policy Alignment and Market Drivers

Several factors are converging to create favorable conditions for bio-bitumen producers:

• Policy Support: Government actively driving adoption of bio-bitumen alternatives
• Infrastructure Acceleration: Road construction programs under PM Gati Shakti and Bharatmala initiatives
• Sustainability Focus: ESG imperatives encouraging procurement of bio-based alternatives
• Import Substitution: Strategic need to reduce vulnerability to global energy price volatility

Company Profile and Capabilities

Nexxus Petro Industries Limited operates as a manufacturer, processor, importer, and distributor of high-quality bitumen, bitumen emulsions, and special bituminous allied products. The company serves infrastructure contractors, road authorities, and government agencies across India through state-of-the-art, fully automated processing facilities equipped with NABL-accredited laboratories.

With its government-certified patent license, the company is positioned to directly capture growing demand for domestically produced, import-substitute bitumen as India's road infrastructure sector undergoes this structural transformation toward bio-based alternatives.

Nexxus Petro Industries Limited has announced the appointment of Mr. Anil Bhatt as Chief Financial Officer and Key Managerial Personnel, marking a significant leadership development for the company. The appointment was formalized during a Board of Directors meeting held on 10th April, 2026, and takes effect immediately.

Board Approval and Regulatory Compliance

The appointment received approval from the Board of Directors based on recommendations from both the Nomination and Remuneration Committee and Audit Committee. The company has fulfilled its regulatory obligations by informing BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Professional Background and Experience

Mr. Anil Bhatt brings extensive expertise to his new role as Chief Financial Officer. He is a commerce graduate from Gujarat University with over 28 years of experience in accounting, financial management, and regulatory compliance. His professional competencies encompass the preparation and finalization of financial statements, financial reporting, audit coordination, and comprehensive accounts management.

Key Areas of Expertise

• Monthly, quarterly, and annual financial reporting
• GST and TDS compliance management
• Financial analysis and strategic planning
• Audit coordination with internal and external stakeholders
• Streamlining accounting operations

Career Progression at Nexxus Petro

Mr. Bhatt's appointment represents an internal promotion, reflecting the company's confidence in his capabilities. He has been associated with Nexxus Petro Industries Limited as Head of Accounts (Senior Manager) since May 2023. Prior to joining the company, he served as Senior Manager – Accounts at Neptune Petrochemicals Private Limited from 2016 to 2023.

Shareholding and Independence

As disclosed in the regulatory filing, Mr. Bhatt does not hold any shares in Nexxus Petro Industries Limited, maintaining independence in his financial oversight role. The appointment strengthens the company's financial leadership team with his analytical skills, financial discipline, and practical experience in managing comprehensive accounting functions to support organizational growth.

The company secretary and compliance officer, Zehra Murtaza Ghadiali, signed the regulatory disclosure, confirming the appointment's compliance with all applicable regulations and circulars issued by SEBI.