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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Suketu GalaScanX News Team
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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.

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Acutaas Chemicals Elevates Abhishek Patel to Senior Management, Adjusts ESOS 2023 Post-Stock Split

2 min read     Updated on 30 Jul 2025, 09:27 PM
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Overview

Acutaas Chemicals Limited has made significant announcements: Mr. Abhishek Haribhai Patel has been designated as a Senior Management Person. The company adjusted its Employee Stock Option Scheme (ESOS) 2023 following a 1:2 stock split. Q1 FY2026 financial results show strong growth with revenue up 17.3% to Rs. 2,072.37 crore and PAT growing 199.6% to Rs. 440.00 crore. The company also announced a joint venture in South Korea to strengthen its position in the semiconductor market.

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Acutaas Chemicals Limited , a leading player in the specialty chemicals sector, has announced significant changes in its leadership structure and employee stock option scheme. These developments come as part of the company's strategic moves to strengthen its management team and align its employee benefits with recent corporate actions.

Leadership Enhancement

The Nomination and Remuneration Committee of Acutaas Chemicals 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 a wealth of experience to this elevated role.

Mr. Patel's association with Acutaas Chemicals dates back to his 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. His educational background includes a Bachelor's degree in Engineering from Sardar Patel University and an MBA from ICFAI University.

ESOS 2023 Adjustments

In response to the recent 1:2 stock split, with a record date of April 25, 2025, Acutaas Chemicals has made necessary adjustments to its Employee Stock Option Scheme (ESOS) 2023. These changes ensure that the overall value of employee benefits remains unchanged while reflecting the new share structure.

Key adjustments to the ESOS 2023 include:

  1. Category I Options:

    • Number of options increased from 1,100 to 2,200
    • Exercise price reduced from Rs. 100.00 to Rs. 50.00 per option
  2. Category II Options:

    • Ungranted options increased from 3,34,370 to 6,68,740
    • Exercise price range adjusted from Rs. 10.00-610.00 to Rs. 5.00-305.00 per share

The company emphasized that these adjustments maintain the unchanged overall value of employee benefits and do not require shareholder approval.

Financial Performance

Acutaas Chemicals also released its financial results for the first quarter of FY2026, ended June 30, 2025. The company reported a strong performance with significant year-on-year growth:

Metric Result
Revenue from operations Increased by 17.3% to Rs. 2,072.37 crore
EBITDA margin Expanded by 785 basis points to 24.6%
Profit After Tax (PAT) Grew by 199.6% to Rs. 440.00 crore

Mr. Naresh Patel, Executive Chairman & Managing Director, attributed the robust performance to strong growth in the Pharmaceutical Intermediates business. He also highlighted the company's recent achievement of PMDA GMP certification for both pharma facilities, underscoring its commitment to global compliance and quality.

Strategic Expansion

In a move to strengthen its position in the semiconductor market, Acutaas Chemicals announced a joint venture in South Korea. This strategic partnership is expected to bring the company closer to key semiconductor markets and enhance its portfolio with high-value products tailored for this sector.

As Acutaas Chemicals continues to evolve and expand its operations, these recent developments signal the company's commitment to growth, innovation, and employee welfare. With a strong start to FY2026 and increasing customer engagement across CDMO, battery chemicals, and semiconductors, the company appears well-positioned for continued success in the specialty chemicals industry.

Historical Stock Returns for Acutaas Chemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%-1.26%+20.47%+29.67%+106.27%+200.75%
Acutaas Chemicals
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