Archean Chemical Industries Limited has announced that the Income Tax Department has concluded its search operation at the company's offices and plants. The search, which also included the facilities of Archean Chemical's subsidiaries, was completed on September 9, 2025.

Search Operation Details

According to the company's regulatory filing, the Income Tax Department initiated the search on September 4, 2025. While the specific details of the search operation remain undisclosed, Archean Chemical has assured stakeholders that its business operations remained unaffected throughout the process.

Company's Response

In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Archean Chemical promptly informed the stock exchanges about the conclusion of the search. The company stated:

"We hereby confirm that the Company will be complying with all the legal obligations of disclosures from time to time. The business operations of the Company remain unaffected and continue as usual."

Regulatory Compliance

Archean Chemical has provided the necessary details as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. However, the company noted that the details of any violations or contraventions, if any, cannot be ascertained at this point in time.

Financial Impact

Regarding the potential financial impact of the search operation, Archean Chemical stated in its filing that "The financial impact quantifiable in monetary terms cannot be ascertained at this point of time."

As the situation develops, investors and stakeholders will likely be watching closely for any further disclosures or updates from Archean Chemical Industries Limited regarding the outcome of the Income Tax Department's search operation.

Archean Chemical Industries Limited , a leading specialty marine chemical manufacturer, has reported a robust financial performance for the first quarter, with significant growth in revenue and steady margins.

Financial Highlights

• Total revenue for Q1 stood at INR 2,915.00 million on a standalone basis, representing a 30% year-on-year growth.
• EBITDA reached INR 958.00 million, with a healthy margin of 33%.
• Net profit for the quarter was INR 518.50 million.

Segment Performance

Industrial Salt

• Contributed approximately 70% of total revenue at INR 1,940.00 million.
• Sales volume maintained at 1.1 million tons.
• Archean Chemical Industries remains India's largest exporter of Industrial Salt.

Elemental Bromine

• Accounted for about 30% of total revenue at INR 840.00 million.
• Sales volume reached 4,054 tons.
• The company maintains its position as India's largest manufacturer and exporter of Elemental Bromine.

Bromine Derivatives

• Operations are running at 30-40% capacity utilization.
• Contributed INR 230.00 million in revenue.
• Clear brine fluids and catalysts for Purified Terephthalic Acid (PTA) synthesis were key contributors.

Strategic Developments

1. Sulphate of Potash (SOP):

   • Pilot trials have been successful.
   • Plant scale trials are expected in the coming quarters.
   • Meaningful contributions anticipated in the second half.

2. Oren Hydrocarbon (renamed Idealis Mudchemie):

   • Trial runs have commenced in two units.
   • Product qualification has begun with positive customer acceptance.
   • Commercial production expected to start soon.

3. Semiconductor Project:

   • Land acquisition completed in Odisha.
   • RFQs tendered for project management office.
   • Groundwork expected to commence post-monsoon.

4. Energy Storage Business:

   • Acquired 18.14% stake in Offgrid Energy Labs, a zinc-bromide battery innovator.
   • Pilot site finalized and vendor selection completed for the UK pilot plant.

Market Outlook

Ranjit Pendurthi, Managing Director, commented on the market conditions: "We are witnessing mixed trends across the chemical industry with early signs of recovery in select segments. Inquiry levels are steadily improving, indicating a more favorable business environment in the coming quarters and years ahead."

The company maintains a positive outlook, supported by long-term contracts and strong customer relationships. Despite global challenges, Archean Chemical Industries remains focused on operational efficiency and strategic growth initiatives.

Financial Position

The company continues to maintain a debt-free status, backed by a robust balance sheet and disciplined capital allocation. This financial strength provides strategic flexibility for investing in long-term growth opportunities.

As Archean Chemical Industries continues to navigate the evolving market landscape, its diversified product portfolio and strong market position are expected to drive sustained growth in the coming quarters.