Aarti Industries Limited has officially filed a material amendment to its existing exclusive long-term supply agreement with a leading global chemical company under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company submitted the formal disclosure to BSE and NSE on March 5, 2026, detailing a strategic backward integration project that will deepen its international partnership.

Regulatory Filing Details

The company filed the amendment pursuant to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/IV/3762/2026 dated January 30, 2026. The filing was signed by Company Secretary Raj Kumar Sarraf (ICSI M. No. A15526) and submitted to both stock exchanges where the company is listed.

Strategic Partnership Enhancement

Under the original exclusive long-term supply agreement, one of the critical feedstocks was provided by the customer. The material amendment involves AIL undertaking a backward integration project to establish in-house manufacturing capabilities for a significant share of this key feedstock, transitioning to a highly integrated, end-to-end manufacturing model.

Investment and Implementation Framework

The backward-integrated facility will be established at the same location as the current plant to cater to requirements under the main agreement at Dahej SEZ, Gujarat.

Expected Benefits and Impact

According to the regulatory filing, while the backward integration is not expected to materially impact topline growth, it is expected to positively enhance EBITDA margins over the residual tenure of about 15 years under the main agreement through integration efficiencies and operating leverage.

The milestone further strengthens AIL's position as an integrated supply solution partner for global chemical leaders and reinforces India's growing stature as a preferred manufacturing partner for global majors in advanced chemistries.

Strategic Positioning

This development represents a strategic deepening of the company's unique long-term partnership with the global chemical major. The enhanced integration model is designed to deliver operational advantages including highly integrated end-to-end manufacturing, operational expense and freight optimization, improved supply chain resilience, and enhanced safety in materials handling processes.

The agreement amendment demonstrates AIL's ability to build, nurture, and scale enduring global partnerships while continuously expanding scope and value creation for stakeholders.

Source: None/Company/INE769A01020/5516048f-92fa-4883-8807-79a19af2456c.pdf

Aarti Industries Limited has received an ESG rating of 65 from NSE Sustainability Ratings & Analytics, as disclosed in a regulatory filing dated February 18, 2026. The rating was communicated to the company via email on February 17, 2026, and reflects the company's performance on Environmental, Social and Governance parameters.

ESG Rating Details

The NSE Sustainability Ratings & Analytics assigned the rating independently without any engagement from the company. This disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, highlighting the company's compliance with regulatory requirements for ESG rating disclosures.

Comparison with Global Rating Agencies

Aarti Industries has also been evaluated by other internationally recognized ESG rating providers, showing significantly different results:

Company's Response and Appeal Process

The company has expressed concerns regarding the variance between the NSE rating and those assigned by other global agencies. Aarti Industries stated that the NSE rating does not fully reflect their current sustainability performance and disclosures. Due to this notable difference, the company is initiating an appeal process.

The appeal will involve providing additional granular clarity to the NSE rating agency to ensure the rating aligns with the company's documented ESG initiatives. This step demonstrates the company's commitment to accurate representation of its sustainability efforts.

Regulatory Compliance

The ESG rating disclosure fulfills the company's obligations under SEBI regulations and has been made available on the company's website at www.aarti-industries.com . The filing was signed by Company Secretary Raj Sarraf on February 18, 2026, ensuring proper corporate governance procedures were followed in the disclosure process.