The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 24, 2025 for Chemikas Speciality LLP
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Awaiting price reaction for this filing.
Promoter Chemikas Speciality LLP, which holds 30.54% (3,76,93,219 shares) in Archean Chemical Industries, filed a revised SAST disclosure (originally submitted without the reason for encumbrance, now revised after BSE's email). On 27 March 2025, the promoter created a fresh pledge of 49,17,000 shares (3.98% of share capital) in favour of Bajaj Finance Limited as collateral for a loan taken. On 29 March 2025, 46,00,000 shares (3.73% of share capital) were released from a prior pledge held by JM Financial Products Limited, after the loan was repaid. The revised disclosure simply adds the reasons for the encumbrance (loan collateral and loan repayment) – there is no change in the promoter's overall shareholding or voting rights.
Promoter ownership stays unchanged at 30.54%; the swap of one lender (JM Financial out, Bajaj Finance in) suggests normal debt restructuring rather than financial stress. Net pledged shares have gone up modestly, so shareholders should keep an eye on total promoter encumbrance but there is no immediate concern for the stock price.