Indian Emulsifiers Limited — JV/Acquisition, 18-03-2026: Acquisition

INDIAN EMULSIFIERS LIMITED (IEML) has acquired 100% ownership of POLARIS SPECIALTY CHEMICALS INC, a newly incorporated US-based entity, for USD 10,000. This move establishes Polaris as IEML's Wholly Owned Subsidiary. The strategic rationale is to enhance global business operations and tap into new growth opportunities in the US markets. Polaris will distribute specialty chemicals to sectors like Oil & Gas, Food, Technical Textiles, and Water Treatment, significantly expanding IEML's international reach and product distribution capabilities.