Archean Chemical Industries Limited — Important, 26-06-2025: General Updates

Archean Chemical Industries has extended a Rs. 6 Cr loan to its wholly owned subsidiary, Neun Infra Private Limited, to support its semiconductor business and silicon carbide research at IIT Bhubaneswar. The total outstanding loan to the subsidiary stands at Rs. 73 Cr. There is no security provided against the loan, and the transaction is at arm’s length. This move underscores the company’s focus on advancing its semiconductor segment through its subsidiary.