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Aether Industries Limited — Capital/Financing Update 2023
Dec 19, 2023
59487_rns_2023-12-19_48c04642-4bc3-4968-ac24-5613dc95119a.pdf
Capital/Financing Update
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December 19, 2023
Ref. No.: AIL/SE/83/2023-24
To,
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001, MH. Scrip Code: 543534
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051, MH. Symbol: AETHER
Dear Madam / Sir,
Subject: Press Release
In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Press Release titled “Aether Industries executes strategic agreement with Global Lithium-Ion Battery Producer to announce entry in the electrolyte additives space”.
We request you to kindly take the information on your records.
Thank you. For Aether Industries Limited
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Chitrarth Rajan Parghi
Company Secretary & Compliance Officer Mem. No.: F12563
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Encl.: As annexed
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Aether Industries Limited
Page 1 of 2
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: [email protected] || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.
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Aether Industries executes strategic agreement with Global Lithium-Ion Battery Producer to announce entry in the electrolyte additives space
Surat, December 19, 2023
Aether Industries Limited (NSE: AETHER, BSE: 543534), one of India’s leading specialty and fine chemical manufacturers and a preferred provider of Contract Research and Manufacturing Services, has executed a strategic agreement and contract with a global lithium-ion battery producer, thereby announcing Aether’s entry in the electrolyte additives and battery space. The agreement includes the commercial supply finalization of one specific electrolyte additive and initiates the discussion on three others.
Commenting on the agreement, Dr. Aman Desai (Director, Research, Manufacturing, and Operations) for Aether Industries said,
“We are excited to announce this new partnership and strategic agreement with our new customer, a global lithium-ion battery producer. We are equally excited to announce Aether’s entry in the electrolyte additives and battery space. As the world marches on towards decarbonization and sustainable practices, I don’t need to emphasize the promise and tremendous opportunities that exist in this space for the speciality chemical industry. We have been developing products for this field for a long time but wanted to make it public knowledge only after securing a substantial commercial contract with a global lithium-ion battery producer, which I am happy to say that the current agreement has accomplished. Finally, coupled with our recent announcements with Saudi Aramco Technologies Company on the commercialization of the sustainable Converge[® ] polyols technology and multiple ongoing projects and research within Aether, I am happy to report that Aether is firmly established as a premier India-based provider of sustainable and carbon neutral chemistry solutions across the industry spectrum.”
Page 2 of 2
Aether Industries Limited
Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: [email protected] || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.