NSEPress Release15 Jul 2026 · 15 Jul 2026, 10:47 am
Press Release
Anupam Rasayan India Limited · ANURAS
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Anupam Rasayan India Limited has signed a non-binding Letter of Intent (LOI) with BASQUEVOLT, S.A. to explore the potential supply of a specialty chemical product worth $300 Mn over a period of up to 10 years.
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Full Announcement
Anupam Rasayan India Limited has informed the Exchange regarding a press release dated July 15, 2026, titled "Anupam Rasayan signs Letter of Intent with BASQUEVOLT, S.A. for the potential long-term supply of a specialty chemical product worth 300 Million Dollar".
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ANUPAM RASAYAN INDIA LTD.
ARILSLDSTX20260715031 Date: July 15, 2026
To, T o ,
BSE Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, C-1, Block-G,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai-400001, India Mumbai-400051, India
SCRIP CODE: 543275 SYMBOL: ANURAS
Dear Sir/Madam,
Subject: Intimation of Press Release
Pursuant to Regulation 30 and applicable regulations, if any, of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing
Regulations”), please find enclosed herewith the Press Release to be issued by Anupam Rasayan
India Limited today i.e., July 15, 2026, titled “Anupam Rasayan signs Letter of Intent with
BASQUEVOLT, S.A. for the potential long-term supply of a specialty chemical product worth
$300 Mn.”
Disclosure of information as required under Regulation 30 read with Clause 4 of Para B of Part A
of Schedule III of the SEBI Listing Regulations and SEBI Master Circular no. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026, issued on January 30, 2026 is enclosed as ‘Annexure-A’.
This intimation will also be hosted on the website of the Company at www.anupamrasayan.com.
We request you to kindly note the same and take into your records.
Thanking you,
Yours Faithfully,
For Anupam Rasayan India Limited
Anand Desai
Managing Director
DIN: 00038442
Encl.: As above
Registered Office: Tel. : +91-261-2398991-95
Office Nos. 1101 to 1107, 11th Floor, Icon Rio, Fax : +91-261-2398996
Behind Icon Business Centre, Dumas Road, E-mail : office@anupamrasayan.com
Surat-395007, Gujarat, India.
Website : www.anupamrasayan.com
CIN - L24231GJ2003PLC042988
ANUPAM RASAYAN INDIA LTD.
Annexure – A
The details required under Regulation 30 read with Clause 4 of Para B of Part A of Schedule III of
the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 are as under:
Sr. No. Particulars Details
1. name of the entity awarding the BASQUEVOLT, S.A., a European developer
order(s)/contract(s) of solid-state lithium batteries,
headquartered in Miñano (Araba/Álava),
Spain
2. significant terms and conditions of Under the Letter of Intent (LOI), the parties
order(s)/contract(s) awarded in brief intend to explore the potential supply of a
specialty chemical product over a period of
up to 10 years for cumulative revenue of
$300 Million. The LOI is non-binding and
preliminary. Any supply would be subject to
the successful completion of product
development and to the negotiation and
signing of a definitive supply agreement.
3. whether order(s) / contract(s) have been International entity
awarded by domestic/ international
entity
4. nature of order(s) / contract(s) Letter of Intent (LOI)
5. whether domestic or international International
6 time period by which the Under the LOI, the parties intend to explore
order(s)/contract(s) is to be executed the potential supply of a specialty chemical
product over a period of up to 10 years for
cumulative revenue of $300 Million.
7 broad consideration or size of the Under the LOI, the parties intend to explore
order(s)/contract(s) the potential supply of a specialty chemical
product over a period of up to 10 years for
cumulative revenue of $300 Million.
8 whether the promoter/ promoter group / No
group companies have any interest in the
entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof
9 whether the order(s)/contract(s) would No
fall within related party transactions? If
yes, whether the same is done at “arm’s
length”
Registered Office: Tel. : +91-261-2398991-95
Office Nos. 1101 to 1107, 11th Floor, Icon Rio, Fax : +91-261-2398996
Behind Icon Business Centre, Dumas Road, E-mail : office@anupamrasayan.com
Surat-395007, Gujarat, India.
Website : www.anupamrasayan.com
CIN - L24231GJ2003PLC042988
Anupam Rasayan signs Letter of Intent with BASQUEVOLT, S.A. for the potential long-term
supply of a specialty chemical product worth $300 Mn
Surat, July 15, 2026: Anupam Rasayan India Ltd. (NSE: ANURAS, BSE: 543275), a leading custom
synthesis and specialty chemicals company, announces that it has signed a non-binding Letter of Intent
(LOI) with BASQUEVOLT, S.A., a European developer of solid-state lithium batteries, headquartered in
Miñano (Araba/Álava), Spain. Under the LOI, the parties intend to explore the potential supply of a
specialty chemical product over a period of up to 10 years for cumulative revenue of $300 Mn. The
LOI is non-binding and preliminary. Any supply would be subject to the successful completion of
product development and to the negotiation and signing of a definitive supply agreement.
Speaking about the signed LOI, Anand Desai, Managing Director of Anupam Rasayan, said:
"This LOI reinforces our strategic focus on expanding in the electronic chemical domain, which we
believe will be a key growth driver going forward. Our continued investments in R&D, process
capabilities, and customer-centric innovation positions us well to capture emerging opportunities in
this space.
This development marks a significant step forward in the Company’s strategy to deepen its footprint
in the high-growth electronic chemicals space, catering to advanced manufacturing and technology-
driven industries. The engagement underscores the Company’s strong R&D capabilities, quality
standards, and its ability to meet stringent customer requirements in specialized chemical
formulations."
About Anupam Rasayan India Ltd.:
Anupam Rasayan India Ltd (Anupam) is one of the leading companies engaged in the custom synthesis
(CSM) and manufacturing of specialty chemicals in India. Incorporated in 1984, the specialty chemicals
major has two verticals: Life science related Specialty Chemicals comprising products related to
Agrochemicals, Personal Care and Pharmaceuticals, Performance Materials comprising Electronics &
EV Chemicals and Polymers.
Anupam caters to a diverse base of Indian and global customers. It is currently manufacturing products
for over 75 domestic and international customers, including 31 multinational companies. Anupam
operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat
and two located at Jhagadia, Bharuch with an aggregate installed capacity of about 30,000 MT as of
March 31, 2026. Anupam offers multistep synthesis capturing larger part of value chain, thereby
providing complimentary products for a diverse base of Indian and global customers.
About BASQUEVOLT, S.A.:
Basquevolt is a European technology company focused on developing next-generation solid-state
lithium metal battery solutions for applications such as electric vehicles, heavy transport, renewable
energy storage, and aviation. The company leverages proprietary polymer electrolyte technology built
on over a decade of research, to create batteries that are safer, more energy-dense, and cost-efficient
compared to conventional lithium-ion systems. After years of still ongoing R&D, partnerships, and
pilot-scale development, Basquevolt aims to scale in the coming years its proprietary electrolytes
deploying them either directly in proprietary cells, or via third parties cell producers.
For further details please get in touch with:
Ms. Sachi Yadav Mr. Jigar Kavaiya
Email: sanchi.yadav@adfactorspr.com Email: jigar.kavaiya@sgapl.net
Phone: +91 98336 40764 Phone: +91 99206 02034