Archean Chemical Industries Ltd

🔁 Archean Chemical Industries Merges Two Subsidiaries

• Board approved merger of Idealis Chemicals Private Limited with Idealis Mudchemie Private Limited on March 19, 2026

• Both companies are wholly-owned subsidiaries of Archean Chemical Industries

• ICPL was incorporated on October 5, 2023 and based in Chennai

• Merger aims to simplify group structure and consolidate chemical/mud-chemical operations

• No change in ACIL's shareholding pattern

• 1:1 share exchange ratio between subsidiaries

• Internal restructuring under common control - not considered related party transaction