Atul Limited has addressed a clarification request from BSE Limited regarding unusual volume movement in its stock, stating that the company remains compliant with all disclosure requirements and has no pending announcements.

Exchange Communication and Response

The Gujarat-based chemical company received a communication from BSE Limited on December 16, 2025, seeking clarification on any information or announcements that might influence the price and volume behavior of the company's scrip. The inquiry was made through BSE's surveillance mechanism under reference number LYSURV/ONL/PV/AP/2025-2026/765.

Regulatory Compliance Status

Atul Limited emphasized its commitment to timely disclosures under the Securities and Exchange Board of India regulations. The company highlighted that it has consistently made requisite disclosures pursuant to Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations 2015, in accordance with its materiality policy.

The most recent disclosure under Regulation 30 was submitted to both stock exchanges on December 13, 2025, relating to an agreement for acquisition of shares. This information has been disseminated on the websites of both BSE Limited and National Stock Exchange of India Limited.

Current Disclosure Position

The company confirmed its current compliance status regarding pending announcements:

• No information announcements are pending to be made to stock exchanges as of the response date
• All material developments have been disclosed in accordance with regulatory requirements
• Any volume movement in the company's scrip may be attributed to market-driven factors

Company Background

Atul Limited, part of the Lalbhai Group, operates from its registered office at Atul House, GIP Patel Marg, Ahmedabad, Gujarat. The company maintains its manufacturing operations in Atul, Gujarat, and has been incorporated under the Corporate Identification Number L99999GJ1975PLC002859.

The response was signed by Lalit, Company Secretary and Chief Compliance Officer, reaffirming the company's commitment to transparent communication with stakeholders and regulatory compliance.

Atul Ltd has announced the acquisition of a 26.30% equity stake in Torrent Urja 39 Pvt Ltd (TUPL) for ₹13.86 crores. This strategic move is aimed at meeting regulatory requirements for captive hybrid power usage in Gujarat.

Transaction Structure and Financial Details

The acquisition is structured as a cash consideration transaction, with the following key parameters:

Strategic Rationale and Business Objectives

The primary objective of this acquisition is to comply with regulatory requirements under electricity laws to become a captive user of hybrid wind-solar power plants. TUPL is establishing these renewable energy facilities in Gujarat, which will allow Atul Ltd to access sustainable power solutions for its operations.

Target Company Profile

Torrent Urja 39 Pvt Ltd is a specialized entity in the renewable energy sector:

Regulatory and Compliance Aspects

The transaction has been structured to ensure compliance with applicable regulations. It does not fall within the scope of related party transactions, and the promoter or promoter group companies of Atul Ltd have no interest in TUPL. No specific governmental or regulatory approvals are required for completing this acquisition.

Market Implications

This acquisition represents Atul Ltd's strategic expansion into renewable energy infrastructure, specifically targeting hybrid wind-solar power generation capabilities. The investment enables the company to secure captive power usage rights, potentially providing long-term operational benefits through sustainable energy access. The transaction structure, with its phased approach over 14 to 16 months, allows for systematic integration and compliance with regulatory frameworks governing captive power users in Gujarat's renewable energy sector.