Diamines & Chemicals renews ammonia storage license till 2031 3 days ago
Diamines & Chemicals renews PESO license for ammonia storage. License validity extended until September 30, 2031. Renewal applies to the company's Vadodara manufacturing unit. Clearance ensures regulatory compliance for core operations.
Diamines & Chemicals Limited reported a 75% decline in standalone net profit to ₹448.73 lakh, with total revenue falling to ₹7,514.57 lakh. Operating profit margin contracted to 9.32% from 23.33%. Despite profit decline, a final dividend of ₹1 per share was recommended, down from ₹2.50. The 49th AGM is scheduled for September 4, with August 25 as the record date for dividend eligibility. The company allotted 9,06,390 warrants at ₹552 each on a preferential basis, raising ₹12.51 crore. Raw material inventory increase impacted inventory turnover ratio, declining to 1.47 times from 2.83 times.