Archean Chemical Industries Ltd Enters Loan Agreement with Wholly Owned Subsidiary for Semiconductor Manufacturing Facility

Archean Chemical Industries Ltd has entered into a loan agreement with its wholly owned subsidiary, Neun Infra Private Limited, to fund the procurement of long-lead machinery, equipment, and associated items required for the compound semiconductor manufacturing facility of SiCSem Private Limited. The loan is part of the overall capital expenditure outlay for the said facility. Neun Infra Private Limited is the holding company for SiCSem Private Limited, which has received approval under the India Semiconductor Mission (ISM) of the Government of India for setting up a compound semiconductor and ATMP manufacturing facility in India. The proposed funding supports the timely advancement of capital commitments for the project. The loan is repayable over a period of 5 years at an interest rate of 9.00% p.a., starting from the FY 2031-32.