Anupam Rasayan India Limited's promoter Anand Sureshbhai Desai has released pledge on 42,49,220 equity shares following loan repayment, as disclosed in a regulatory filing dated March 02, 2026. The release represents a significant reduction in the promoter's encumbered shareholding and demonstrates improved financial flexibility.

Pledge Release Details

The disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides comprehensive details of the pledge release transaction filed by Catalyst Trusteeship Limited:

Impact on Encumbered Holdings

The pledge release has substantially reduced the encumbered shareholding held by Catalyst Trusteeship Limited on behalf of lenders. The transaction shows a near-complete release of pledged shares:

Company Share Capital Structure

The regulatory filing reveals the current share capital structure of Anupam Rasayan India Limited:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the pledge release. The filing was signed by Deesha Srikkanth, Senior Vice President at Catalyst Trusteeship Limited, demonstrating transparency in promoter shareholding changes and adherence to SEBI regulations governing substantial acquisition and takeover norms.

The pledge release indicates successful loan repayment and improved financial position, which could be viewed positively by market participants as it significantly reduces encumbrance on the shares from 3.73% to virtually zero.

Anupam Rasayan India Limited has successfully completed the acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation for a purchase consideration of approximately US$150 million on February 27, 2026. The transaction was executed through the company's wholly owned subsidiary Doriath S.à r.l., marking a significant strategic expansion for the specialty chemicals manufacturer into the US market.

Acquisition Structure and Financing

The acquisition follows a structured approach initiated with the Sale and Purchase Agreement dated December 9, 2025. The total purchase consideration has been financed through a combination of equity and debt instruments.

The acquisition financing includes US$129 million funded by Altis XII Pte. Ltd., an affiliate of funds managed by Oaktree Capital Management, L.P., and US$21 million from Axis Bank. Oaktree is a global investment manager specializing in alternative investments with US$223 billion under management as of December 31, 2025.

About Jayhawk Fine Chemicals Corporation

Founded in 1941 and headquartered in Galena, Kansas, USA, Jayhawk is part of the CABB Group and specializes in custom manufacturing of advanced intermediates, active ingredients, and high-performance materials. The company operates state-of-the-art multipurpose plants, pilot facilities, and modern analytical R&D labs capable of executing complex chemistries including halogenation, oxidation, nitration, and phosphorus chemistry.

Strategic Implications and Management Commentary

Anand Desai, Managing Director of Anupam Rasayan India Ltd., highlighted the strategic importance of this acquisition: "This transaction marks a significant milestone in our long-term strategy of building a differentiated, innovation-led global specialty chemicals platform. With Jayhawk, we move further forward in the value chain, closer to end applications, by manufacturing key N-1 molecules for critical sectors such as electronics, semiconductors, aviation and performance materials."

The acquisition enables the creation of an integrated platform combining Tanfac Industries, Anupam Rasayan, and Jayhawk. This platform approach is expected to unlock cross-selling opportunities, enhance technological capabilities, improve operational synergies, and drive sustainable long-term value creation. Jayhawk will be fully consolidated with Anupam, and the acquisition is expected to be EPS accretive.

Regulatory Compliance and Advisory Services

The company maintained transparency throughout the acquisition process with multiple regulatory filings under Regulation 30 of the SEBI Listing Regulations. Previous intimations were submitted to stock exchanges on December 9, 2025, February 12, 2026, February 15, 2026, and February 20, 2026.

Rothschild & Co acted as the exclusive financial advisor to Anupam Rasayan India Ltd., while Piper Sandler served as the exclusive financial advisor to the CABB Group.

Source: None/Company/INE930P01018/a974aabe-3f8e-490d-99b0-6918b965087a.pdf