Galaxy Surfactants , a leading manufacturer of surfactants and specialty chemicals, has seen a significant change in its shareholding pattern. ICICI Prudential Mutual Fund, a prominent player in the Indian mutual fund industry, has increased its stake in the company through a substantial open market transaction.

Transaction Details

ICICI Prudential Mutual Fund has acquired an additional 0.83% stake in Galaxy Surfactants, purchasing 2.97 lakh shares for a total consideration of Rs 124.00 crore. The transaction was executed at a price of Rs 2,092.00 per share through open market transactions.

Stake Increase Summary

Increased Ownership

Following this acquisition, ICICI Prudential Mutual Fund's total stake in Galaxy Surfactants has risen to 1.02%. This move indicates the fund's confidence in the company's prospects and potential for growth.

Market Implications

The substantial investment by ICICI Prudential Mutual Fund could be seen as a positive signal for Galaxy Surfactants. Such transactions by institutional investors often attract attention from other market participants and may influence investor sentiment towards the company.

About Galaxy Surfactants

Galaxy Surfactants is a leading manufacturer of surfactants and specialty chemicals used in personal care and home care industries. The company's products find applications in various consumer-centric industries, making it an important player in the chemical sector.

While specific financial details are not available at this time, the increased interest from a major mutual fund suggests that Galaxy Surfactants may be positioned favorably in its market segment. However, investors are advised to conduct their own research and consider various factors before making investment decisions.

Galaxy Surfactants Ltd (NSE: GALAXYSURF, BSE: 540935) has announced a significant interim dividend and revised its growth projections, signaling both rewards for shareholders and caution in market outlook.

Interim Dividend Declaration

The Board of Directors of Galaxy Surfactants, in a meeting held on March 15, 2025, has declared an interim dividend of ₹18 per equity share for the financial year 2024-25. This dividend comes on shares with a face value of ₹10 each, representing a 180% payout ratio.

Key details of the dividend:

• Dividend Amount: ₹18 per equity share
• Record Date: March 20, 2025
• Payment Timeline: Within 30 days from the declaration date

Shareholders whose names appear in the Register of Members as of the record date will be eligible for this interim dividend.

Revised Growth Projections

In a notable development, Galaxy Surfactants has moderated its volume growth targets to approximately 4%. This adjustment comes in response to headwinds experienced in the Indian market, suggesting a cautious stance on near-term business prospects.

Corporate Governance and Transparency

The company has promptly communicated these decisions to the stock exchanges, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting, which commenced at 10:15 a.m. and concluded at 02:00 p.m. on March 15, 2025, addressed these critical matters.

Galaxy Surfactants continues to maintain transparency with its stakeholders, ensuring that all relevant information is made available on the company's official website ( www.galaxysurfactants.com ).

About Galaxy Surfactants

Galaxy Surfactants Ltd, headquartered in Navi Mumbai, is a leading manufacturer of surfactants and other specialty ingredients for the personal care and home care industries. The company's commitment to shareholder value is evident in its dividend policy, while its revised growth targets reflect a pragmatic approach to market challenges.

Investors and stakeholders are advised to keep an eye on further announcements from the company as it navigates the current market conditions and works towards sustainable growth.