Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’) and other applicable rules, regulations, circulars, and notifications issued by the Securities and Exchange Board of India and the Stock Exchange(s), Shivam Chemicals has informed about certain recent business developments of the Company, as detailed below: The Company has successfully restarted its export business to the United States, following a period of disruption arising from changes in the U.S. tariff and trade environment. The Company has recommenced exports of renewable energy feedstock for application in the biofuel industry to a leading global energy company in the United States. Following the successful resumption and execution of supplies, the Company has secured further repeat export business, reflecting continuity of demand and strengthening the Company's confidence in the growth potential of this business. The resumption and continuation of this export business represents an important development for the Company and further strengthens its presence in the international market. Based on the business secured and current business visibility, the Company expects this business to make a meaningful positive contribution to its turnover and profitability during the current financial year, subject to prevailing market conditions, trade policies, foreign exchange movements and continuity of business. The continued business also demonstrates the Company's capabilities in domestic sourcing, supply-chain management and execution of export business in accordance with global customer requirements. The Company sees encouraging potential for further growth in this business and remains focused on strengthening its international presence while maintaining commercial confidentiality in relation to its customers, products, volumes, pricing and contractual terms. Further material developments shall be communicated in accordance with applicable regulatory requirements.
The above information is a part of company’s filings submitted to BSE.
