Archean Chemical Industries Ltd. Company History and Annual Growth Details

Our Company was originally formed as a partnership firm under the name of “Archean Chemical Industries” at Chennai, pursuant to a partnership deed dated November 20, 2003 which was registered under the Indian

Partnership Act, 1932 with the Registrar of Firms, Chennai, Tamil Nadu, India on November 25, 2003. The

partnership deed was amended on March 23, 2009 to admit new partners to the business of partnership firm.

Subsequently, the partnership firm was converted into private limited company under the Companies Act, 1956 with the name “Archean Chemical Industries Private Limited” and a certificate of incorporation dated July 14, 2009 was issued by the Registrar of Companies, Tamil Nadu at Chennai. Consequent upon conversion into a public limited company under the Companies Act, 2013 pursuant to a special resolution passed by our Shareholders on November 15, 2021 and fresh certificate of incorporation dated December 15, 2021 issued by the Registrar of Companies, Tamil Nadu at Chennai, the name of our Company was changed to “Archean Chemical Industries Limited”.

Major Events and Milestones:

2011 

Strategic investment of approximately ? 225.05 million by Sojitz Corporation

2013 

• Commenced our industrial salt operations

• Commenced exports to Japan and South Korea

2014 

• Commenced production of bromine

• Commenced exports to China

2015 

• Commissioned production of sulphate of potash

• Commenced exports to Belgium

2018 

Strategic investment by India Resurgence Fund, a joint venture between Piramal Enterprises Limited and Bain Capital Credit, and issued listed and redeemable NCDs aggregating to ? 8,400 million. The NCDs issued by our Company are listed on the wholesale debt segment of the BSE Limited with ISIN INE128X07028 and scrip code 958408.

2021 

• Expansion and increase of bromine installed capacity to 28,500 MT

• Commenced exports to Qatar