Chemikas Speciality LLP has announced the encumbrance of 9,50,000 equity shares of Archean Chemical Industries Limited. This disclosure, made on May 25, 2026, details the creation of a pledge on these shares. The specific details of the pledge, including the entities in whose favor the shares are encumbered, are provided in the accompanying annexure, totaling 9.63% and 9.99% of the company’s total share capital respectively.
Promoter Share Encumbrance Announced
Chemikas Speciality LLP, a promoter of Archean Chemical Industries Limited, has officially informed the stock exchanges about the encumbrance of a significant portion of its shareholding. The announcement, dated May 25, 2026, confirms the creation of a pledge on 9,50,000 equity shares of Archean Chemical Industries Limited. This action is in accordance with the disclosure requirements for substantial acquisition of shares and takeovers.
Details of the Encumbrance
The disclosure, submitted as Annexure-1, provides a granular view of the encumbrance events. Specifically, 5,00,000 shares were encumbered on May 25, 2026, as collateral for loans, with the favor extended to Bajaj Financial Securities Ltd. This constitutes 0.40% of the share capital, bringing the post-encumbrance holding to 9.63%. Additionally, 4,50,000 shares were also encumbered on the same date for loans in favor of Piramal Finance Limited, representing 0.36% of the share capital, leading to a post-encumbrance holding of 9.99%.
Promoter Holding Overview
Prior to these encumbrances, Chemikas Speciality LLP held 3,76,93,219 equity shares, representing 30.53% of the total share capital. The promoter’s holding already encumbered before this announcement stood at 1,13,85,200 shares, accounting for 9.22% of the total share capital.
Source: BSE
