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 completed another significant share transfer under its NCLT-approved merger scheme, with MVA Finance Private Limited transferring 1,44,450 equity shares to Arihant Exports Private Limited. The company has filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the completion of this inter-se transfer between promoter group entities.

NCLT-Approved Merger Implementation

The National Company Law Tribunal had sanctioned a scheme of amalgamation with an order dated September 23, 2025, consolidating several promoter group companies into Arihant Exports Private Limited. Under this approved scheme, MVA Finance Private Limited executed the transfer of 1,44,450 equity shares representing 0.16% stake through an off-market transaction without any monetary consideration.

Promoter Group Structure Changes

Following the amalgamation, MVA Finance Private Limited has ceased to be part of the promoter group of Pasupati Acrylon Limited. The company has confirmed that the aggregate shareholding of promoter and promoter group remains unchanged pre and post the transfer, maintaining the overall promoter stake structure despite the internal reorganization.

Regulatory Compliance and Corporate Restructuring

The disclosure has been filed by Company Secretary Bharat Kapoor, confirming full compliance with SEBI regulations. This represents part of the ongoing corporate restructuring that continues to streamline the promoter group's shareholding structure while ensuring transparency with stakeholders. The off-market transfer between promoter group companies maintains the consolidated ownership pattern under the NCLT-approved merger framework.