About Special Blasts Limited
Data last updated:
Special Blasts Limited is a public limited company based in Raipur, Chhattisgarh, India. It operates in the chemical products segment of the chemicals sector. It was incorporated on 25 August 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U24292CT1988PLC004746. Its GSTIN is 22AADCS2831D1ZY (Chattisgarh). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹266 Cr and a paid-up capital of ₹236.94 Cr. It was formerly known as Special Blasts P Limited. It is led by directors including Ajay Choudhari (Managing Director) and Satyawati Parashar.
Its last annual general meeting (AGM) was held on 30 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at G – 5 Wallfort Ozone Fafadih Chowk, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2025, the company reported a revenue of ₹542.88 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹39.84 Cr (net margin 7.3%) and EBITDA of ₹73.87 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
The company has about 73 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Special Blasts. As per MCA filings, the company has open charges of ₹292.83 Cr and satisfied charges of ₹250.98 Cr on record. Court records list 25 cases involving the company, including 8 filed by the company and 3 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website specialblasts.com.
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- Website
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- Registered AddressG – 5 Wallfort Ozone Fafadih Chowk, Raipur, Chhattisgarh, India – 492001
- IndustryChemicals, Chemical Products, Medicinal Chemical & Botanical Products, Pharmaceuticals
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Special Blasts Limited
The main business activities of Special Blasts are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Special Blasts Limited FY 2025 filings available
Special Blasts Limited reported revenue of ₹542.88 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Special Blasts Limited
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 42% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Special Blasts Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹542.88 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹73.87 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.84 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Special Blasts Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Special Blasts are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Special Blasts Limited
Special Blasts Limited is compared with the companies closest to it by revenue in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modulus Cosmetics Private Limited | ₹546.32 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Chandigarh, India |
| Nitta Gelatin India Limited Listed | ₹544.58 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Ernakulam, Kerala, India |
| Shalina Laboratories Private Limited | ₹544.47 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Graviti Pharmaceuticals Private Limited | ₹543.75 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Palvi Industries Limited | ₹543.65 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Vadodara, Gujarat, India |
| Special Blasts Limited this company | ₹542.88 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Raipur, Chhattisgarh, India |
| Ivp Ltd Listed | ₹542.57 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Fairchem Organics Limited Listed | ₹539.24 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Ahmedabad, Gujarat, India |
| Kusum Healthcare Private Limited | ₹537.89 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Drt-Anthea Aroma Chemicals Private Limited | ₹537.53 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Navi Mumbai, Maharashtra, India |
| Shantinath Detergents Private Limited | ₹537.23 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Special Blasts by revenue in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Special Blasts Limited
Special Blasts has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyawati Parashar Also directs: New Era Alkaloids and Exports Ltd, SBL Energy Limited | Director | 29 Mar 2021 | 5 Years 6 Months | Current |
| Ajay Choudhari Also directs: SBL Infra Raipur Private Limited, SBL Foundation | Managing Director | 17 Aug 1989 | 37 Years 1 Months | Current |
| Avdhesh Kumar Jain | Director | 18 Mar 2013 | 13 Years 6 Months | Current |
| Ajay Kumar Dev Also directs: Avynal Bharat Private Limited, Avynal Suppressants Private Limited | Director | 28 Oct 2024 | 1 Years 11 Months | Current |
| Aman Sinha | Director | 14 Aug 2024 | 2 Years 1 Months | Current |
Ownership and Shareholding of Special Blasts Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Special Blasts Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Feb 2026 | Others | ₹15 Cr | Open |
| 20 Jan 2026 | Others | ₹2 Cr | Open |
| 30 Dec 2025 | Others | ₹1.51 Cr | Open |
| 10 Sep 2025 | Others | ₹80 Lakh | Open |
| 01 May 2025 | Others | ₹1.23 Cr | Open |
Total charge records: 62 View all charges
Legal Cases of Special Blasts Limited
Special Blasts Limited has 25 court cases on record: 8 filed by Special Blasts, 3 filed against it, 14 where it is another party. 9 cases are pending and 16 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 4 |
| High courts | 12 | 3 | 5 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Chhattisgarh | Court case (WPT) | Filed by the company against Deputy Commissioner of Income Tax, Central Circle - 2 | Pending |
| District court, Surguja at Ambikapur, Chhattisgarh | Court case (MACC EXE) | Company is another party | Pending |
| District court, Raipur, Chhattisgarh | Court case (COMPLAINT CASES) | Filed by the company against an individual | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Andhra Pradesh | Court case (TREVC) | Filed against the company by State of Andhra Pradesh | Pending |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Special Blasts Limited
Special Blasts operates one associated brand: Special Blasts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial explosives and accessories are manufactured for industrial applications. | specialblasts.com |
Employees and EPFO Compliance at Special Blasts Limited
Special Blasts Limited has a workforce of 73 employees as of Feb 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Special Blasts Limited
Special Blasts has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Khanij Corporation Private Limited | U35106CT2023PTC014380 | Locked |
Showing major subsidiaries. Total: 1.
CIN History of Special Blasts Limited
Special Blasts has one previous CIN (Corporate Identification Number): U24292MP1988PLC004746. The current CIN is U24292CT1988PLC004746, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24292CT1988PLC004746 | Current |
| U24292MP1988PLC004746 | Previous |
Recent Activity on Special Blasts Limited
Special Blasts Limited has 21 board changes on record since 1989: 6 appointments and 15 cessations. The latest: Ajay Kumar Dev ceased to be Additional Director on 30 Dec 2024.
115 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Special Blasts Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Special Blasts Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Special Blasts Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Special Blasts Limited
Special Blasts has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AADCS2831D1ZY | Chattisgarh | Active | 01 Jul 2017 |
| 23AADCS2831D1ZW | Madhya Pradesh | Active | 01 Jul 2017 |
| 20AADCS2831D3Z0 | Jharkhand | Active | 21 Aug 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Special Blasts Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Special Blasts Limited
Special Blasts is an active public limited company based in Raipur, Chhattisgarh, India. The company works in chemical products, within the chemicals industry. It was incorporated on 25 August 1988 (38+ years old) and is registered under CIN U24292CT1988PLC004746.
Special Blasts reported revenue of ₹542.88 Cr for FY 2025 (down 15% YoY).
Special Blasts has 5 current directors:
- Ajay Choudhari - Managing Director
- Satyawati Parashar - Director
- Avdhesh Kumar Jain - Director
- Ajay Kumar Dev - Director
- Aman Sinha - Director
Special Blasts reported a net profit of ₹39.84 Cr (net margin 7.3%) and EBITDA of ₹73.87 Cr (EBITDA margin 13.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Special Blasts is 4% over three years. In the latest year (FY 2025) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Special Blasts is 22AADCS2831D1ZY, registered in Chattisgarh. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 23AADCS2831D1ZW (Madhya Pradesh), 20AADCS2831D3Z0 (Jharkhand).
The CIN (Corporate Identification Number) of Special Blasts is U24292CT1988PLC004746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Special Blasts has 25 court cases on record: 8 filed by the company and 3 filed against it. 9 are pending. Most are in the district courts.
Special Blasts was incorporated on 25 August 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
The peers of Special Blasts by revenue are Modulus Cosmetics Private Limited, Nitta Gelatin India Limited, Shalina Laboratories Private Limited, Graviti Pharmaceuticals Private Limited, Palvi Industries Limited and 5 more, all in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ajay Kumar Dev ceased to be Additional Director on 30 Dec 2024. Aman Sinha ceased to be Additional Director on 30 Dec 2024. Ajay Kumar Dev was appointed as Director on 28 Oct 2024. Special Blasts has 21 board changes on record in total.