Acutaas Chemicals Limited (NSE:ACUTAAS), formerly known as Ami Organics Limited, disclosed on 18 August 2026 that Engineers India Limited, acting as Project Management Agency for MeitY, approved the company's application under the Electronics Components Manufacturing Scheme for its Electrolyte Additives manufacturing business located in Jhagadia, Gujarat.
Key Highlights
- Engineers India Limited, as MeitY's Project Management Agency, communicated ECMS approval to Acutaas Chemicals via a letter dated 17 August 2026.
- Total cumulative investment by the company under the project stands at Rs 256.47 crore, of which Rs 119.12 crore qualifies as Eligible Investment under the scheme.
- The company is eligible to receive incentives up to 25% of the Rs 119.12 crore Eligible Investment over a benefit period extending through FY 2030-31, subject to fulfilment of applicable scheme terms and conditions.
- The incentive period spans five years from the scheme's acknowledgement date of 27 January 2026, as disclosed in the Annexure filed with stock exchanges under Regulation 30.
About the Company
Acutaas Chemicals Limited (NSE:ACUTAAS), formerly Ami Organics Limited, is a Gujarat-based specialty chemicals manufacturer listed on the NSE with CIN L24100GJ2007PLC051093. The company operates from its registered office at Plot No. 440/4, 5 and 6, Road No. 82/A, GIDC Sachin, Surat, and has manufacturing operations in Jhagadia, Gujarat. Its product portfolio includes electrolyte additives, which are critical inputs in the lithium-ion battery supply chain.
Announcement in Detail
Pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015, Acutaas Chemicals filed an intimation on 18 August 2026 confirming receipt of approval under the Electronics Components Manufacturing Scheme. Engineers India Limited, acting as Project Management Agency on behalf of the Ministry of Electronics and Information Technology, issued the formal communication on 17 August 2026 in respect of the company's Electrolyte Additives manufacturing business at Jhagadia, Gujarat.
According to the Annexure filed with both BSE and NSE, the cumulative investment under the project is Rs 256.47 crore, with Rs 119.12 crore classified as Eligible Investment for ECMS incentive computation. The company is eligible to receive incentive benefits of up to 25% of the Eligible Investment during the benefit period, which runs through FY 2030-31, contingent on compliance with all applicable scheme terms, conditions, and guidelines. The incentive period is five years from the acknowledgement date of 27 January 2026.
Impact on Investors
Investors will note that the disclosed terms indicate a potential incentive of up to 25% of Rs 119.12 crore in Eligible Investment, which represents the upper ceiling of the benefit as outlined in the filing. The filing specifies that actual receipt of incentives is subject to ongoing fulfilment of ECMS scheme conditions and guidelines through FY 2030-31, meaning the benefit is contingent rather than unconditional. Shareholders will observe that the company's total project investment of Rs 256.47 crore is already committed, with the ECMS approval providing a framework for partial cost recovery through government incentives.
Sector / Market Context
The Electronics Components Manufacturing Scheme, administered by MeitY, forms part of India's broader push to develop a domestic electronics supply chain, including materials used in battery technology. India's Production Linked Incentive and sector-specific schemes for electronics have collectively targeted capacity creation across components, with electrolyte additives representing an upstream segment in the lithium-ion battery ecosystem increasingly relevant to the country's electric vehicle and energy storage ambitions.