Ducol Organics Acquires Chem Polymers India Private Limited
Ducol Organics And Colours Limited announced an agreement to acquire 100% of Chem Polymers India Private Limited for a total consideration of INR 75,00,00,000. The acquisition is expected to be completed within approximately 24 months, contingent upon the fulfillment of closing conditions outlined in the Share Purchase Agreement signed on March 26, 2026.Ducol Organics will invest INR 75,00,00,000 to subscribe to the equity shares of Chem Polymers India Private Limited on a fully diluted basis. The purchase consideration will be paid in two tranches: INR 38,00,00,000 as a first tranche in cash, and a second tranche of INR 37,00,00,000, to be paid in cash or through a mutually agreed method.
Chem Polymers India Private Limited, incorporated in 2012, is engaged in the business of delivering adhesives, specialty coatings, construction chemicals and cleaning chemicals to the Indian market. According to provisional financial data for the period of April 1, 2025, to December 31, 2025, the company reported a revenue of INR 53,78,04,577 and a net profit of INR 5,85,58,411.
The entity being acquired operates within the commercial and industrial sector and has a presence in India. Aamer Ahmed Farid, Managing Director of Ducol Organics, approved the acquisition. No related party interest exists regarding the transaction.
| Detail | Information |
|---|---|
| Name of Target Entity | M/s XChem Polymers India Private Limited |
| Revenue (Apr 2025 - Dec 2025, Provisional) | INR 53,78,04,577 |
| Net Profit (Apr 2025 - Dec 2025, Provisional) | INR 5,85,58,411 |
| Total Consideration | INR 75,00,00,000 |
| First Tranche | INR 38,00,00,000 (Cash) |
| Second Tranche | INR 37,00,00,000 (Cash or mutually agreed alternative) |
| Percentage of Shares Acquired | 100% |
| Incorporation Date | July 6, 2012 |
| Turnover (Apr-Mar 2023) | INR 54,44,97,810 |
| Turnover (Apr-Mar 2024) | INR 53,26,33,582 |
| Turnover (Apr-Mar 2025) | INR 60,28,72,417 |
| Profit (Apr-Mar 2023) | INR 2,34,24,755 |
| Profit (Apr-Mar 2024) | INR 2,34,76,630 |
| Profit (Apr-Mar 2025) | INR 3,36,95,488 |
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