Hindustan Organic Chemicals
30.80
+0.11(+0.36%)
Market Cap₹- Cr
PE Ratio-
IndustryChemicals
Company Performance:
1D+0.36%
1M-5.03%
6M-12.03%
1Y-32.71%
5Y+100.13%
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More news about Hindustan Organic Chemicals
28Jul 25
Supreme Court Orders HOCL to Pay Rs. 43.50 Cr in 25-Year-Old Rent Dispute
Hindustan Organic Chemicals Limited (HOCL) has been directed by the Supreme Court of India to settle a 25-year landlord-tenant dispute. The court order requires HOCL to pay disputed rent with 6% simple interest per annum to its former landlord, M/s. Harchandrai & Sons, for office premises in Mumbai. The financial implication is approximately Rs. 43.50 crores. HOCL will seek legal advice from the government and has assured no impact on its operations. The company has informed the BSE as per SEBI regulations.
24Mar 25
Hindustan Organic Chemicals Receives Rs 1,351.38 Crore Government Dues Waiver
The Indian government has approved a financial relief measure for Hindustan Organic Chemicals Limited (HOCL), waiving outstanding dues of Rs 1,351.38 crore. This amount significantly exceeds HOCL's current total assets of Rs 1,569.40 crore. The waiver is expected to substantially improve HOCL's balance sheet, enhance financial flexibility, boost investor confidence, and allow management to focus on operational improvements and strategic initiatives.
22Mar 25
Hindustan Organic Chemicals Gets Rs 1,351.38 Crore Government Dues Waiver, Boosting Financial Outlook
The Indian government has approved a waiver of Rs 1,351.38 crores in dues for Hindustan Organic Chemicals Limited (HOCL). This waiver, effective September 30, 2024, includes government loans, interest, preference shares, and associated penalties. The decision is expected to significantly improve HOCL's financial position by reducing its liability burden and potentially transforming its balance sheet structure. This move could lead to an improved debt-to-equity ratio, enhanced financial flexibility, and increased market confidence for the company.
1 Year Returns:-32.71%
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