Atul Ltd has incorporated a joint venture company, Atul-Buckman Specialties Pvt Ltd (ABSPL), with Buckman Laboratories (Asia) Pte Ltd. Both entities will hold 50% shares of ABSPL. The authorized and paid-up initial capital is ₹10,00,000. ABSPL will focus on the water treatment solutions business, including chemicals and digital solutions. The joint venture marks a strategic move for both companies in the specialty chemicals sector.
Joint Venture Incorporation
Atul Ltd has announced the incorporation of Atul-Buckman Specialties Pvt Ltd (ABSPL) as a joint venture company. The partner in this venture is Buckman Laboratories (Asia) Pte Ltd. The formal incorporation took place on February 6, 2026.
Capital Structure and Ownership
The joint venture has an authorized and paid-up initial capital of ₹10,00,000. Both Atul Ltd and Buckman Laboratories (Asia) Pte Ltd will hold 50% shares in ABSPL. The consideration is cash.
Business Focus
ABSPL will be involved in the water treatment solutions business. This includes the development and marketing of water treatment chemicals and related digital solutions. ABSPL will undertake business of water treatment chemicals and solutions, digital solutions in respect of water treatment chemicals.
Operational Details
The acquired entity has a presence in India. As of February 6, 2026, ABSPL has not yet generated any turnover.
Source: BSE
