Archean Chemical Industries Limited , a prominent player in the chemical industry, has seen a significant change in its shareholding structure. Chemikas Speciality LLP, a key stakeholder in the company, has recently increased its pledged shares, as disclosed in a recent filing.

Pledge Details

Impact on Shareholding

The recent pledge has notably altered Chemikas Speciality LLP's position in Archean Chemical Industries:

This move increases Chemikas Speciality LLP's total encumbered shareholding to 5,033,334 shares, representing 4.08% of Archean Chemical's total share capital. The promoter group, which includes Chemikas Speciality LLP, maintains a substantial overall holding of 37,693,219 shares, constituting 30.54% of the company's total share capital.

Company Development

In a separate development, Archean Chemical Industries Limited has announced a milestone for its subsidiary, SiCSem Private Limited. On November 1, 2025, SiCSem conducted a "Bhoomi Pujan and Groundbreaking Ceremony" to mark the commencement of construction for an integrated facility. This facility aims to house a Silicon Carbide (SiC) based Compound Semiconductor fab and ATMP (Assembly, Testing, Marking and Packaging) Unit in Info Valley, Bhubaneshwar, Odisha.

This event signifies Archean Chemical's expansion into the semiconductor industry, potentially diversifying its portfolio and enhancing its market position in the high-tech materials sector.

The pledge of shares by Chemikas Speciality LLP and the new facility development by the subsidiary reflect ongoing changes and growth initiatives within Archean Chemical Industries Limited. Investors and market watchers may want to monitor these developments as they could impact the company's future performance and market valuation.

Archean Chemical Industries Limited has announced that the Income Tax Department has concluded its search operation at the company's offices and plants. The search, which also included the facilities of Archean Chemical's subsidiaries, was completed on September 9, 2025.

Search Operation Details

According to the company's regulatory filing, the Income Tax Department initiated the search on September 4, 2025. While the specific details of the search operation remain undisclosed, Archean Chemical has assured stakeholders that its business operations remained unaffected throughout the process.

Company's Response

In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Archean Chemical promptly informed the stock exchanges about the conclusion of the search. The company stated:

"We hereby confirm that the Company will be complying with all the legal obligations of disclosures from time to time. The business operations of the Company remain unaffected and continue as usual."

Regulatory Compliance

Archean Chemical has provided the necessary details as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. However, the company noted that the details of any violations or contraventions, if any, cannot be ascertained at this point in time.

Financial Impact

Regarding the potential financial impact of the search operation, Archean Chemical stated in its filing that "The financial impact quantifiable in monetary terms cannot be ascertained at this point of time."

As the situation develops, investors and stakeholders will likely be watching closely for any further disclosures or updates from Archean Chemical Industries Limited regarding the outcome of the Income Tax Department's search operation.