ACUTAAS CHEMICALS: INDIA STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY SHARES OF ENCHEM AMI ORGANICS PRIVATE LIMITED

• Acutaas Chemicals Limited to acquire 100% share capital of Enchem Ami Organics Private Limited ("EAOPL") • EAOPL is a step-down subsidiary, promoted by Acutaas Chemicals Electrolytes Private Limited ("ACEPL") • Acquisition to be done via transfer of shares from ACEPL to Acutaas Chemicals Limited at face value of equity shares (Rs. 10/- each) on an arm's length basis • Upon completion, EAOPL will become a direct wholly owned subsidiary of Acutaas Chemicals Limited • EAOPL's business is in specialty chemicals, aligning with the company's main business • Acquisition expected to be completed within one month, subject to formalities

Acutaas Chemicals Limited

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