MoU6 Dec 2025, 07:01 pm
ARCL Organics Ltd Signs MoU for Land, Industrial Plant, Machinery, and Equipment Purchase from Visham Formalin and Angel Resins
AI Summary
ARCL Organics Ltd has signed an MoU with Vishvam Formalin, Angel Resins, Mr. Hasmukhbhai Patel, and Mr. Sandeep Patel for the purchase of land, industrial plants, machinery, and equipment situated at Kadadra, Zak-Kdadra Road, Ta-Dehgam, District Gandhinagar, Gujarat. The total consideration for the assets is INR 26 Crores, with a refundable advance of INR 13 Crores already paid. The remaining amount is expected to be paid in two installments by 13th December 2025 and 31st December 2025. The proposed acquisition is subject to statutory/regulatory approvals and internal corporate approvals. This acquisition is expected to strengthen ARCL Organics Ltd's manufacturing footprint and enhance operational capacity.
Key Highlights
- ARCL Organics Ltd signs MoU with Vishvam Formalin, Angel Resins, Mr. Hasmukhbhai Patel, and Mr. Sandeep Patel
- Purchase of land, industrial plants, machinery, and equipment for INR 26 Crores
- INR 13 Crores paid as refundable advance, with remaining payments due by December 2025
- Subject to statutory/regulatory and internal corporate approvals
- Expected to strengthen ARCL Organics Ltd's manufacturing footprint and enhance operational capacity