Anupam Rasayan India Ltd. · NSE:ANURAS
Anupam Rasayan India — Merger or Acquisition (December 2025)
24 slides from Anupam Rasayan India's merger presentation, Dec 9, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
ANUPAM RASAYAN INDIA LTD. R ARILSLDSTX20251209065 Date: December 09, 2025 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, C-1, Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai-400001, India Mumbai-400051, India SCRIP CODE: 5
Slide 2: Jayhawk Acquisition Announcement
Anupam Rasayan India Limited Jayhawk Acquisition Announcement December 2025
Slide 3: Safe Harbor
Anupam Rasayan India Limited | 2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Anupam Rasayan India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation
Slide 4: Index
Anupam Rasayan India Limited | 3 Index 1. Jayhawk Overview 2. Strategic Rationale and Synergies 3. Transaction Details 4. Tanfac Case Study 5. Investor FAQs
Slide 5: Jayhawk Overview
lew Jayhawk Overvi \ =
Slide 6: Anupam is expanding its footprint in the U.S. by acquiring Jayhawk Fine Chemicals
Anupam Rasayan India Limited | 5 Anupam is expanding its footprint in the U.S. by entering into a definitive agreement for acquiring 100% equity of Jayhawk Fine Chemicals LLC, a U.S.-based specialty chemical company Anupam has signed a definitive agreement for acquisition of 100% equity in Jayhawk F
Slide 7: Jayhawk's revenue driven by performance materials segment contributing ~65%
Anupam Rasayan India Limited | 6 Jayhawk’s revenue driven by performance materials segment contributing ~65% of the total revenue Split of Jayhawk revenue in 2025F 35% 35% 20% 65% 45%
Slide 8: Jayhawk is a multi-purpose, well-maintained site with strong scale-up capability
Anupam Rasayan India Limited | 7 Jayhawk is a multi-purpose, well-maintained site with strong scale-up capability and deep chemistry expertise Multi-solution site spread across ~3M sq.m. with 2 mfg. units Jayhawk is capable of undertaking various chemistries; and pilot plant in US Anupam to benefit
Slide 9: Strategic rationale and Synergies
Anupam Rasayan India Limited | 02 Strategic rationale and Synergies
Slide 10: Strategic complementarity in performance materials across chemistries, capabilities, customers
Anupam Rasayan India Limited | 9 Jayhawk and Anupam show strong strategic complementarity in the performance materials space across chemistries, capabilities, and customer access Jayhawk Fine Chemicals Jayhawk Fine Synergy Potential and Chemicals value creation upside • Develop full-range niche (35%
Slide 11: Integrated platform: Chemistry, Capability & Customers
Anupam Rasayan India Limited | 10 Integrated platform: Chemistry, Capability & Customers - unlocking full value-chain strength and high-growth end-markets Key intermediates Material types End sectors Jayhawk Fine Polymers Electronics Chemicals Flexible circuits, chip packaging, Polyimides advanced d
Slide 12: Jayhawk provides Anupam a strategic entry to scale US presence
Anupam Rasayan India Limited | 11 Jayhawk provides Anupam a strategic entry to scale US presence and diversify into high-value markets and customers Play in high value Expands access to fast-growing, innovation-led segments such as end markets semiconductors, automotive / EV, aviation and electronic
Slide 13: Anupam aspires to create a diversified, multi-geography growth engine
Anupam Rasayan India Limited | 12 With Jayhawk, Anupam aspires to create a diversified, multi-geography growth engine powered by specialty and high-purity chemistries Build a global, Scale high-value Unlock long-term Strengthen Establish a US diversified chemistries capacity & global customer innova
Slide 14: Transaction Details
Anupam Rasayan India Limited | 03 Transaction Details
Slide 15: Jayhawk acquisition to be co-funded by Anupam and global investment management firm
Anupam Rasayan India Limited | 14 Jayhawk acquisition to be co-funded by Anupam and leading global investment management firm Deal overview Transaction structure 100% acquisition of Jayhawk Fine Chemicals LLC, part of the CABB group, specializing in custom manufacturing of advanced intermediates, ac
Slide 16: Transaction advisors
Anupam Rasayan India Limited | 15 Transaction advisors Exclusive financial advisor Commercial diligence Financial diligence Legal diligence Tax diligence
Slide 17: Tanfac Case Study
Anupam Rasayan India Limited | 04 Tanfac Case Study
Slide 18: Fluoro platform play: Acquisition of Tanfac
Anupam Rasayan India Limited | 17 Fluoro platform play: Acquisition of Tanfac has made Anupam one of the few backward integrated Fluorination players globally Anupam acquired ~26% stake in Backward integration with Tanfac to Tanfac for ~₹1,530M in May’22 at secure KSM market cap of ₹5,950M Uninterru
Slide 19: Post acquisition, Tanfac has shown strong revenue growth and improved EBITDA margins
Anupam Rasayan India Limited | 18 Post acquisition by Anupam, Tanfac has shown strong revenue growth along with improved and sustained EBITDA margins and continued capex investments Tanfac growth (post ~3x 10-15% → 23% ~7x 15KT → 30 KT acquisition) increase in revenue EBITDA margins increase in mark
Slide 20: Investor FAQs
Anupam Rasayan India Limited | 05 Investor FAQs
Slide 21: Investor FAQs (1/3)
Anupam Rasayan India Limited | 20 Investor FAQs (1/3) ❑ Could you please describe Jayhawk’s business capabilities and outline the unique value propositions and core chemistries? Jayhawk is a specialised manufacturer with strong capabilities in complex chemical synthesis, high-purity processing, and
Slide 22: Investor FAQs (2/3)
Anupam Rasayan India Limited | 21 Investor FAQs (2/3) ▪ Cost Efficiency and Integrated Supply Chain Offering: The synergy between Jayhawk’s technologically advanced operations and Anupam’s cost-efficient, backward-integrated manufacturing base in India creates a powerful dual-site model. This will p
Slide 23: Investor FAQs (3/3)
Anupam Rasayan India Limited | 22 Investor FAQs (3/3) ❑ Given the overlaps in certain chemistries and end-use segments between Anupam and Jayhawk, do we intend to consolidate specific productions at a single location to avoid duplication and optimize costs? While there are overlaps in certain chemis
Slide 24: Thank You
Corporate Office Anupam Rasayan India Ltd. India (HQ) 10th Floor, Icon Rio, Dumas Road, Surat, Gujarat, India – 395 007 Thank You
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