Chembond Chemicals Announces Demerger and Business Reorganization
• The Board of Directors of Chembond Chemicals Limited (‘CCL’) at its Board of Directors meeting
today approved:
Demerger of the construction chemicals and water technologies businesses into Chembond
Chemical Specialties Limited (‘CCSL’).
Amalgamation of Chembond Clean Water Technologies Limited into CCSL.
Amalgamation of Chembond Material Technologies Private Limited, Phiroze Sethna Private
Limited and Gramos Chemicals (India) Private Limited into CCL.
• Subject to shareholder, creditors, and regulatory approvals, the shareholders of CCL will get 2
(two) equity shares of CCSL for every 1 (one) equity share held by them in CCL.
• On the scheme’s effective date, the demerger will result in two distinct listed entities aligned
along business lines. As a part of the scheme, CCL will be renamed to Chembond Material
Technologies Limited and will house the metal treatment chemicals, sealants, coatings, industrial
adhesives, and the biotechnology businesses. Further, CCSL will be renamed to Chembond
Chemicals Limited and will house the construction chemicals, water technologies, cleaning and
hygiene and distribution businesses.
• The demerger is intended to allow room for both listed entities to obtain leadership positions in
their respective sectors and unlock value for CCL shareholders.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/25517598-def4-40a0-9971-070dc0733b47.pdf
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