Deepak Nitrite Board of Directors to Hold Fundraiser on December 22


Deepak Nitrite announced on Tuesday that the company’s board of directors will meet on December 22, 2021 to consider raising funds.

In an exchange filing, Deepak Nitrite said that a meeting of the company’s board of directors is scheduled to be held on Wednesday, December 22, 2021 to consider raising funds through the issuance of shares or any other instruments or securities, including fully/partially convertible or through a composite issue of non-convertible debentures or any other qualifying security through qualified institutions, private placement and/or public issue of equity securities /borrow.

Deepak Nitrite is one of the fastest growing chemical intermediates with a diverse portfolio that caters to the dyestuffs & pigments, agrochemicals, pharmaceuticals, plastics, textiles, paper and chemicals segments. personal and household care and petro-derivative intermediates – phenolics, acetone and IPA in India and abroad. Its products are manufactured in six factories across five sites, all of which are accredited by Responsible Care.

The company recorded a 49.4% increase in its consolidated net profit to Rs 254.34 crore in Q2 FY22 from Rs 170.19 crore posted in Q2 FY21. Operating income increased by 70.3% of net sales to Rs 1,681.35 crore in Q2 FY22 from Q2 FY21.

Shares of Deepak Nitrite were trading up 1.06% at Rs 2,349.95 on BSE.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous Burger King India Ltd board approves fundraising proposal of up to Rs. 1500 crore
Next Godrej Fund Management Holds Final Close of its € 500 Million Office Fund