Technichem organics Limited has disclosed that its promoter Anil Jayantilal Pandya acquired 32,000 equity shares of the company through open market purchase on March 27, 2026. The acquisition was disclosed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The share acquisition represents 0.18% of the company's total voting capital. Each equity share carries a face value of Rs. 10. The transaction was executed through open market purchase on March 27, 2026.

Shareholding Pattern Changes

Following the acquisition, Anil Jayantilal Pandya's individual shareholding in Technichem Organics Limited increased from 55,90,875 shares to 56,22,875 shares. His percentage holding rose from 32.28% to 32.46% of the total voting capital.

Persons Acting in Concert

Anil Jayantilal Pandya acts in concert with six other persons, including Bharat Jayantilal Pandya (35.98% holding), Alpa Bharat Pandya (1.35%), Shailaja Anil Pandya (1.36%), Parita Bharatbhai Pandya (0.20%), Vama Bharatbhai Pandya (0.20%), and Pandya Shail Anil (0.39%). None of the persons acting in concert made any acquisitions during this transaction.

Combined Group Holding

The total combined holding of Anil Jayantilal Pandya and his persons acting in concert increased from 1,24,31,250 shares (71.77%) to 1,24,63,250 shares (71.95%) post-acquisition.

Company Capital Structure

Technichem Organics Limited's equity share capital remains unchanged at Rs. 17,32,12,500, representing 1,73,21,250 equity shares of Rs. 10 each, fully paid up. The company's shares are listed on BSE Limited. The total diluted share capital also stands at the same level, indicating no outstanding convertible securities or warrants.

Technichem Organics Limited has provided clarification to BSE Limited regarding the timeline for disclosing its Prior Environmental Clearance under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company addressed concerns raised by BSE's Listing Compliance Monitoring Team about the disclosure timing.

Disclosure Timeline and Compliance

The company clarified that it had already submitted the required intimation to the Stock Exchange on 6th March, 2026, following proper regulatory procedures. The environmental clearance certificate was issued on 2nd March, 2026, but the company became aware of it only upon accessing their login portal during closing business hours on 5th March, 2026.

Environmental Clearance Details

The Prior Environmental Clearance was granted by the Ministry of Environment, Forest and Climate Change (MOEF&CC), Government of India, issued through the State Environmental Impact Assessment Authority (SEIAA), Gujarat. The clearance covers the company's proposed synthetic organic chemicals manufacturing project at its industrial plot located at GIDC Saykha, Bharuch, Gujarat.

Project Specifications

The facility will manufacture 29 different synthetic organic chemical products with a total production capacity of 500 MT/Month, including key products such as Para Amino Benzamide, Malononitrile, and various pyrazolone compounds used in pharmaceuticals, agrochemicals, and dyes.

Regulatory Compliance Framework

As part of the mandatory disclosure requirements under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the company provided comprehensive details about the regulatory approval. The clearance was granted under the Environmental Impact Assessment (EIA) Notification, 2006, issued under the Environment (Protection) Act, 1986.

Corporate Environmental Responsibility

The environmental clearance includes Corporate Environmental Responsibility (CER) activities worth Rs. 33 Lakhs, involving the installation of 66 KW solar panels at Panchayat Office and Village School in Village Vahial, Sutrel. This initiative forms part of the comprehensive Environment Management Plan (EMP) as mandated by MoEF&CC guidelines.

Operational Requirements

The project must comply with stringent environmental management conditions covering water management, air pollution control, and waste management protocols. The facility will operate with specific water requirements of 157.0 KLD total consumption, with 76.25 KLD treated effluent reuse and 80.75 KLD fresh water requirement from GIDC supply.

The environmental clearance enables Technichem Organics to proceed with project development and implementation, subject to strict compliance with all stipulated environmental, safety, and operational conditions. The company must obtain additional permissions from relevant authorities including GPCB, PESO, and fire safety authorities before commencing operations.