The Thailand unit reported a income of Rs 976 crore within the monetary 12 months 2023 in comparison with Rs 1,484 crore in fiscal 2022. The acquisition is anticipated to be accomplished by early 2025, topic to completion of customary situations, it stated.
Additional, the board additionally accredited the incorporation of a step-down subsidiary in Thailand wherein 99.99% shares might be held by Styrenix Efficiency Supplies FZE, Dubai, an entirely owned subsidiary of the corporate. “Identify of the proposed step-down subsidiary can be out there as soon as it’s integrated,” the assertion stated.
The specialty chemical agency additionally introduced an interim dividend of Rs 31 per share for the fiscal 2024-25, with Dec. 17, 2024 because the document date to find out the eligible stockholders.
