ARCL Organics Ltd. Acquires Assets from Angel Resins
Kolkata – April 3, 2026 – ARCL Organics Ltd. has entered into a definitive agreement with Vishvam Formalin, Angel Resins, and Mr. Hasmukhbhai Patel and Mr. Sandeep Patel, resulting in the acquisition of assets from Angel Resins.Under the agreement, Mr. Sandeep Patel and Mr. Hasmukhbhai Patel have executed a sale deed in favor of ARCL Organics Ltd., and ARCL Organics Ltd. has taken possession of the plant and machinery of Angel Resins located at Survey No: 357 and 358, Village - Kadadra, Zak-Kadadra Road, Ta-Dehgam, District Gandhinagar, Gujarat - 382305. The acquired assets consist of land, industrial plant, machinery, and related equipment currently engaged in the manufacture of powder resins.
The transaction consideration totaled Rs. 3 Crores.
According to details released, regulatory approvals were secured before the transaction’s completion, and ARCL Organics will now initiate applications to change the name on various licenses. The acquisition is anticipated to strengthen ARCL Organics' manufacturing footprint and enhance operational capacity.
| Sr No. | Particulars | Details |
|---|---|---|
| 1 | Name of the listed company | ARCL Organics Ltd. |
| 2 | Nature of the Agreement | Sale deed of land has been executed by Mr. Sandeep Patel and Mr. Hashmukhbhai Patel in favour of ARCL Organics Ltd., and ARCL Organics Ltd. has taken over possession of the plant and machinery of Angel Resins situated at Survey No: 357 & 358, Village - Kadadra, Zak-Kadadra Road, Ta- Dehgam, District Gandhinagar, Gujarat - 382305. |
| 3 | Name of the Entity / Person(s) | M/s. Angel Resins, Mr. Sandeep Patel and Mr. Hashmukhbhai Patel |
| 4 | Details of the Proposed Assets | The assets consist of land, industrial plant, machinery and related equipment currently engaged in the manufacture of powder resins. |
| 7 | Consideration | Rs. 3 Crores (Three Crores only) * |
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