Acutaas Chemicals Achieves Platinum Medal from EcoVadis, Ranking in Top 1% for Global Sustainability

1 min read     Updated on 27 Aug 2025, 03:11 PM
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Overview

Acutaas Chemicals Limited has achieved a Platinum Medal accreditation from EcoVadis, placing it among the top 1% of companies globally for sustainability performance. This upgrade from their previous Gold Medal rating was announced on August 26, 2025. EcoVadis assesses companies on environmental practices, labor and human rights, ethics, and sustainable procurement. The achievement is particularly significant for Acutaas Chemicals as a player in the chemical sector, potentially enhancing its reputation among environmentally conscious stakeholders.

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Acutaas Chemicals Limited has reached a significant milestone in its sustainability journey, securing a Platinum Medal accreditation from EcoVadis, a renowned global provider of business sustainability ratings. This achievement, announced on August 26, 2025, places Acutaas Chemicals among the top 1% of companies assessed by EcoVadis worldwide for sustainability performance.

Sustainability Upgrade

The Platinum Medal represents a notable upgrade from Acutaas Chemicals' previous Gold Medal rating, reflecting the company's continued commitment to environmental, social, and governance (ESG) practices. This improvement demonstrates Acutaas Chemicals' dedication to enhancing its sustainability efforts across various aspects of its operations.

EcoVadis Assessment

EcoVadis evaluates companies based on a comprehensive set of sustainability criteria, including:

  • Environmental practices
  • Labor and human rights
  • Ethics
  • Sustainable procurement

The Platinum Medal is the highest recognition offered by EcoVadis, reserved for companies that demonstrate exceptional performance in these areas.

Company's Response

In an official statement to the stock exchanges on August 27, 2025, Acutaas Chemicals Limited expressed pride in this achievement. Ekta Kumari Srivastava, Company Secretary & Compliance Officer, stated:

"The EcoVadis Platinum Rating is the Sustainability scorecard which has put the Company amongst top 1% of the companies assessed by EcoVadis globally."

Industry Impact

As a chemical company, Acutaas Chemicals' achievement is particularly noteworthy. The chemical sector often faces scrutiny regarding environmental impact and sustainability practices. This Platinum Medal accreditation may potentially enhance Acutaas Chemicals' reputation in the industry and among environmentally conscious investors and customers.

Looking Ahead

While this recognition is a significant accomplishment, it also sets a high bar for Acutaas Chemicals to maintain and potentially improve upon in the future. Stakeholders will likely be watching closely to see how the company leverages this achievement to drive further sustainability initiatives and maintain its position among the global leaders in corporate sustainability.

The Platinum Medal from EcoVadis not only recognizes Acutaas Chemicals' current sustainability efforts but also encourages continued focus on ESG factors, which are increasingly important in today's business landscape.

Historical Stock Returns for Acutaas Chemicals

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-1.49%+1.88%+1.72%+53.75%+57.07%+271.53%
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Acutaas Chemicals Grants 3.25L Stock Options, Elevates Abhishek Patel to Senior Role

2 min read     Updated on 30 Jul 2025, 09:27 PM
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Reviewed by
Shriram SScanX News Team
Overview

Acutaas Chemicals has granted 3,25,009 employee stock options under ESOS 2023 at Rs. 305 per option, featuring a 4-year vesting schedule with both time-based and performance-based components. The company also elevated Abhishek Patel to Senior Management Person and reported strong Q1 FY2026 results with 17.3% revenue growth and 199.6% PAT increase.

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Acutaas Chemicals Limited , a leading player in the specialty chemicals sector, has announced significant developments in its employee stock option scheme and leadership structure. These strategic moves demonstrate the company's commitment to strengthening its management team and aligning employee benefits with corporate growth objectives.

Major ESOS Grant Under Category II

The Nomination and Remuneration Committee of Acutaas Chemicals has granted 3,25,009 employee stock options under the existing ESOS 2023 scheme. This substantial grant was approved at the committee meeting held on December 22, 2025, and falls within the shareholder-approved limit of 6,68,740 options available under Category II Grant of ESOS 2023.

ESOS Grant Details: Specifications
Total Options Granted: 3,25,009 options
Exercise Price: Rs. 305.00 per option
Face Value per Share: Rs. 5.00
Scheme Category: Category II Grant
Grant Date: December 22, 2025

Vesting Structure and Terms

The granted options feature a hybrid vesting mechanism combining time-based and performance-based components. The vesting schedule is structured to incentivize both tenure and performance:

Vesting Timeline: Time-Based (60%) Performance-Based (40%)
1st Anniversary: 15% 10%
2nd Anniversary: 15% 10%
3rd Anniversary: 15% 10%
4th Anniversary: 15% 10%

The performance-based component will be subject to annual review and approval by the NRC, based on key responsibility areas and performance metrics of option grantees. Vested options may be exercised within a maximum period of 2 years from the relevant vesting date.

Leadership Enhancement

The company has designated Mr. Abhishek Haribhai Patel as a Senior Management Person, effective July 30, 2025. Mr. Patel, who has been serving as the Vice President - Strategy since January 8, 2024, brings extensive experience to this elevated role. His association with Acutaas Chemicals includes his previous tenure as Chief Financial Officer from 2018 to 2022, during which he played a pivotal role in the company's successful Initial Public Offering in 2021.

ESOS 2023 Post-Split Adjustments

Following the 1:2 stock split with a record date of April 25, 2025, Acutaas Chemicals made necessary adjustments to its ESOS 2023. The exercise price range was adjusted from Rs. 10.00-610.00 to Rs. 5.00-305.00 per share, while the total number of ungranted options under Category II increased from 3,34,370 to 6,68,740 options. These adjustments maintain the unchanged overall value of employee benefits without requiring additional shareholder approval.

Strong Financial Performance

The company reported robust financial results for the first quarter of FY2026, demonstrating strong operational performance:

Financial Metrics: Q1 FY2026 Performance
Revenue Growth: 17.30% YoY to Rs. 2,072.37 crore
EBITDA Margin Expansion: 785 basis points to 24.60%
PAT Growth: 199.60% YoY to Rs. 440.00 crore

Mr. Naresh Patel, Executive Chairman & Managing Director, attributed the strong performance to robust growth in the Pharmaceutical Intermediates business and highlighted the company's recent PMDA GMP certification achievement for both pharma facilities.

Historical Stock Returns for Acutaas Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-1.49%+1.88%+1.72%+53.75%+57.07%+271.53%
Acutaas Chemicals
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