5436572025-07-012025-09-305436572025-09-305436572025-03-315436572025-04-012025-09-305436572025-07-012025-09-30in-capmkt:OtherExpenses1Member5436572025-04-012025-09-30in-capmkt:OtherExpenses1Member5436572025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15436572025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares543657ACINOTLISTEDINE128X01021Archean Chemical Industries LimitedMain BoardEquity2025-04-012026-03-312025-11-142025-11-10INRLakhsQuarterlySecond quarterSingle segmentMarine Chemicals2025-11-1416:30:002025-11-1418:50:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated23318350006378200023956170001266590000-12536600016853900055203000235504000153601000019965490003990680000399068000109063000-38300010868000002903880000000290388000-935000289453000290915000-527000-935000024685500022.362.36002.362.36Notes to tile unaudited consolidated financial results: <BR> I) Archean Chemical Industries Limited (The Holding Company) was incorporated on July 14, 2009. The Company is into manufacturing of Marine Chemicals. The manufacturing location is in Gujarat. The following entities are included in these unaudited consolidated financial results (Collectively the "Group"). <BR> i) Acume Chemicals Private Limited <BR> ii) Idealis Chemicals Private Limited <BR> iii) Idealis Mudchemie Private Limited (Step down subsidia1y) <BR> iv) Neun Infra Private Limited <BR> v) Sicsem Private Limited (Step down subsidiary) <BR> <BR> 2) The Group is primarily engaged in the business of manufacture of marine chemicals. The other subsidiaries/step down subsidiaries Neun Infra Private Limited, Idealis Chemicals Private Limited, Idealis Mndchemie Private Limited, Sicsem Private Limited have not commenced their commercial operations, therefore it is considered as one reportable segment and no additional disclosures with respect to segment information have been made under Ind AS I08 - Operating Segments. <BR> <BR> 3) The Holding Company entered into Memorandmn of Undertaking ( MOU) dated August 10 2010, witi1the Govermnent of Gujarat (GOG) for the Land lease which expired on July 31, 2018 and the Holding Company had made an application for renewal on December 28, 2017. As per the MOU witi1 GOG, the lease tem1 can be furti1er extended for a duration and conditions as mutually agreed at that time. There is also a GOG circular no 1597/1372R9' dated October 9, 2017 which states that such leases can be extended for a period of thirty years. <BR> The Holding Company has also been receiving demand note annually for the revised lease rents as per GoG circular and the Holding Company has been making these payments. Management made an assessment of the facts disclosed above and taking into consideration of similar experiences during renewal in another group company, is confident ofobtaining the renewal ofland lease. The Useful life of PPE and ROU assets have been determined by the management considering that ti1e lease would be extended. The entire production facility is located on this leased land. <BR> <BR> 4) The Holding Company in its Board of Director's Meeting held on October 25, 2024 approved the following investments to be made in one or more tranche in (a) Clas-SiC Wafer Fab Limited, <BR> U.K. to the tune ofGBP 15 million and additional GBP 2 million as a loan and in (b) Offgrid Energy Labs Inc, Delaware, USA to the tune ofUSD 12 million, <BR> <BR> a) Clas-SiC Wafer Fab Limited, a UK-based company is specializing in silicon carbide (SiC) MOSFETs/device manufacturing (Semiconductor Industry). The Holding company is making a strategic investment in Clas-SiC Wafer Fab Limited, a UK-based dedicated Silicon Carbide wafer Foundary with manufacturing capability for SiC Devices. This will be India's first investment in a Holding company with silicon carbide MOSFETS/Devices production capability. This investment aligns with the Holding Company's broader semiconductor initiative through SiCSem Private Limited (SiCSem) and secures technology exclusivity in India. The Holding Company's core competency in specialty chemicals, creates natural synergies with its SiC semiconductor business. <BR> <BR> Accordingly, The Holding Company subscribed shares in Clas- SiC for GBP 10 Million on October 31,2024 (A-0 Class - 18,51,852, FV GBP 0.01, Acquired price-GBP 5.40 / share); Payment of GBP 2.50 Million was made on November 4, 2024 towards purchase of A-1 Class -4,62,963 shares for the same price and Share certificates received for the same. During the current period, balance payment ofGBP 2.5 Million was made on May 21, 2025 towards purchase of A-1 Class-4,62,963 shares for the same price. <BR> <BR> b) Offgrid Energy Labs Inc (Offgrid), is an IP-led company specializing in zinc-bromide battery teclmology. Offgrid has developed a patented battery technology based on Zinc Bromide chemistry with significant cost and perfonnance advantages. Offgrid has built a battery technology that is particularly suited to applications requiring daily deep charge and discharge, such as renewable energy storage and low power mobility solutions. The Holding Company has executed the Restated Stockholders Agreement, Stock Subscription Agreement with Offgrid Energy Labs Inc. and its existing stockholders for an investment ofUSD 12 million in a Series A fundraise for securing 21% stake. This investment aligns with the Holding Company's broader strategy to enter the energy storage sector, particularly focusing on applications in renewable energy, industrial storage etc. This proposed investment will enable the Holding Company to support Offgrid's requirement of speciality chemicals, manufacturing scale-up, participate in the rapidly growing energy storage market, and create long-term value. Holding Company subscribed Al Preferred Stock of 30,669,250 shares with Face value ofUSD 0.00001 per share, with acquired price ofUSD 0.32606 per share on May 14, 2025 securing 18.14% stake in Offgrid Energy Labs Inc and the remaining commitment is expected to be made in the subsequent quarters. <BR> <BR> 5) The Income Tax Department conducted a search and seizure operation from September 4, 2025 to September 9, 2025 at various locations of the Holding Company's and its subsidiary companies' offices, plants, and the residence of directors, senior executives and employees under Section 132 of the Income Tax Act, 1961. The Group, its directors, seinor executives and employees extended full cooperation to the Authorities. Based on preliminary review, the said event does not have any material adverse inlpact on the fmancial results of the Company for the quarter and half year ended September 30, 2025. Furtiier, the Company has not received any order/notice/communication on the fmdings of such investigation by the Income Tax Department as of date. Accordingly, the impact of this matter on the financial results of the Group is presently not ascertainable. <BR> 6) Exceptional item is due to Asna cyclone impact resulting in loss oflndustrial salt stock of Rs. 4018.27 lakhs (4.72 Lakhs MT) in Gujarat during August24 / September 24. The Company has initiated the claim process with the insurance company. <BR> 7) The above unaudited financial results have been prepared in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended and in conformity with Ind AS, as prescribed under Sec 133 of Companies Act, 2013 read with relevant rules issued thereunder and accounting principles generally accepted in India. The figures for the quarter ended 30th September 2025 are the balancing figures between Unaudited figures in respect of the QI financial year and the published unaudited Half Year to date figures up to the end of the Second quarter of that financial year. These Consolidated financial results have been reviewed by the Audit Committee, approved by the Board of Directors in the meeting held on November 14, 2025. These unaudited Consolidated financial results have been subjected to limited review by the statutory auditors of the Holding Company in accordance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 ("the Regulations") who have issued an unmodified conclusion on these unaudited Consolidated financial results. <BR> <BR> 2025-04-012025-09-30UnauditedConsolidated52554260001460790005401505000467269000165244000-373248000355839000109000000464877000323340200044223830009791220000979122000302434000-1513000028730400006918180000000691818000-768000691050000692812000-994000-768000024685500025.615.61005.615.61Other Expenses1536010000Other Expenses323340200014263579000636350000004520004500000000250774900025278600019559000029561250007996900046251200018443987000207979700012593940009735550004022550001230460003043000146952000290824500001000848000598889000000244328770002468550001878982000019036675000-950000190357250001473751000000531070000200482100015057200012438460000189000034011290006332640005344700086554400091899100029662100018488760003281200074250001069100000199602300053971520002443287700091236000-3832620006661670000-1768980000000-578066000012144700004648770000-29780000000020252000487800000-45418000031173000017290400011520260000002416260000910400000000000001348000296573000000000000000000000100740000-334936000-62008700000000000369552000431760002208800003702830002867600000-293463000-31500000-3150000405405000402255000Remeasurement of defined benefit obligations-1268000-1268000Remeasurement of defined benefit obligations-1045000-1045000-333000-27700000-935000-768000