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 Acrylon Limited , a key player in the chemical industry, has announced significant changes to its board of directors and committee structure. The company has appointed two new Non-Executive Independent Directors, Mr. Sudhir Agarwal and Mr. Sanjiv Nair, for a five-year term starting September 1, 2025. This move, approved by shareholders at the company's 42nd Annual General Meeting on September 18, 2025, aims to bring fresh perspectives and diverse expertise to the board.

New Appointments

Mr. Sudhir Agarwal

• Holds a B.Tech in Chemical Engineering from Harcourt Butler Technical University, Kanpur
• Brings over 39 years of experience in the chemical and process industries
• Expertise includes:
  • Plant operations
  • Project management
  • Energy and environment conservation
  • Waste management
  • Sustainability
  • Green energy concepts

Mr. Sanjiv Nair

• Retired Indian Administrative Services officer
• Previously served as:
  • Additional Chief Secretary of Uttar Pradesh
  • First Director General of the North East Centre for Technology Application and Reach
• Represented India at the World Meteorological Organization in Moscow for two years

Terms of Appointment

• Both Mr. Agarwal and Mr. Nair appointed for five consecutive years
• Term: September 1, 2025, to August 31, 2030
• Neither director is related to existing directors or key managerial personnel of Pasupati Acrylon Limited

Board Transitions

• Two outgoing independent directors completed their terms:
  • Mr. S.C. Malik (DIN: 00107170)
  • Mr. D.K. Kapila (DIN: 00060060)
• Both concluded their second term as Independent Directors at the 42nd Annual General Meeting
• Ceased to be directors and board committee members effective September 18, 2025

Committee Reconstitution

Effective September 18, 2025, Pasupati Acrylon Limited has reconstituted five Board committees:

Compliance and Governance

• Pasupati Acrylon Limited confirmed that Mr. Agarwal and Mr. Nair are not debarred from holding directorship positions by any SEBI order or other authority
• Complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Ms. Mehak Gupta of M/s. Mehak Gupta & Associates appointed as Secretarial Auditor for five years (FY 2025-26 to 2029-30)

These board changes, appointments, and committee reconstitutions reflect Pasupati Acrylon's commitment to maintaining strong corporate governance and bringing diverse expertise to its leadership team. The new directors and committee structure are expected to contribute significantly to the company's strategic direction and growth initiatives in the chemical sector.