Pasupati Acrylon Limited , a key player in the Indian petrochemical industry, has announced a significant development that may boost its revenue substantially. The company has been granted an order to supply 32,320 kilolitres of ethanol worth ₹215.00 crore for the Ethanol Supply Year (ESY) 2025-26.

Contract Details

The contract involves supplying ethanol to three major oil marketing companies (OMCs) in India:

1. Bharat Petroleum Corporation Limited (BPCL)
2. Indian Oil Corporation Limited (IOCL)
3. Hindustan Petroleum Corporation Limited (HPCL)

This allocation is part of the Ethanol Blended Petrol Programme (EBPP), a government initiative aimed at reducing the country's dependence on imported fossil fuels and promoting cleaner energy alternatives.

Financial Impact

The secured contract is expected to have a significant impact on Pasupati Acrylon's financial performance:

The anticipated 40% boost in annual revenue underscores the importance of this contract for the company's growth trajectory.

Execution Timeline

According to the company's filing with the stock exchanges, the ethanol supply is scheduled for the Ethanol Supply Year 2025-26. This timeframe allows Pasupati Acrylon to plan and prepare for the increased production and supply logistics.

Strategic Implications

This contract represents a strategic win for Pasupati Acrylon, potentially strengthening its position in the ethanol market. The company's participation and success in the bidding process for the EBPP demonstrate its capability to meet the requirements of major oil marketing companies.

Conclusion

The ₹215.00 crore ethanol supply contract marks a significant milestone for Pasupati Acrylon. As the company prepares to fulfill this substantial order, investors and market watchers may closely monitor how this development translates into financial performance and market valuation in the coming years.

Pasupati Acrylons Limited has witnessed significant developments in its promoter group structure following the National Company Law Tribunal's approval of a merger scheme. The latest developments involve regulatory compliance filings for share transfers executed as part of the NCLT-approved amalgamation.

NCLT-Approved Merger and Share Transfers

The NCLT, New Delhi Bench, had earlier sanctioned a scheme of amalgamation dated September 23, 2025, that consolidated several promoter group companies into Arihant Exports Private Limited (AEPL). Following this approval, multiple entities have filed the necessary regulatory disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance and Documentation

Both Inder Overseas Private Limited and Nityanand Exports & Consultants Company Private Limited have submitted their disclosures to BSE Limited and National Stock Exchange of India Limited. The companies have confirmed that they have ceased to be part of the promoter group of Pasupati Acrylon Limited following their amalgamation with Arihant Exports Private Limited. The transfers were executed through off-market transactions without any monetary consideration, pursuant to the merger scheme.

Complete Acquisition Details

The total acquisition by Arihant Exports Private Limited includes shares from multiple transferor entities:

Post-Transfer Shareholding Structure

The transactions have resulted in changes to the individual shareholding pattern within the promoter group while maintaining the overall promoter stake:

Corporate Restructuring Impact

This corporate restructuring has streamlined the promoter group's shareholding structure through the NCLT-approved merger scheme. The transferor companies have ceased to exist as separate entities following the amalgamation, with no change in the aggregate holding of the promoter and promoter group in Pasupati Acrylon Limited. The company has confirmed that there is no change in the aggregate shareholding of Promoter and Promoter Group pre and post the transfer of shares.