The Board of India Glycols at its meeting held on 21 September 2024 has approved appointment of Sushil Dutt Salwan (DIN: 10776621) and Samrat Banerjee (DIN: 06706345) as Additional Directors in the category of independent directors of the Company with effect from 01 October 2024. The Board also noted the cessation of Pradip Kumar Khaitan (DIN: 00004821), Jagmohan N. Kejriwal (DIN: 00074012), Ravi Jhunjhunwala (DIN: 00060972), and Jitender Balakrishnan (DIN: 00028320) as Independent Directors of the Company upon the completion of their second term, with effect from the close of business hours on 30 September 2024. Powered by Capital Market - Live News

India Glycols has tied up with Amrut Distilleries, Bengaluru, for manufacturing, bottling, marketing and selling of Amrut`s few premium brands on royalty basis. The Board at its meeting held on 21 September 2024 has noted the same.Powered by Capital Market - Live News

India Glycols announced that CARE Ratings has revised the ratings on bank facilities of the company as under:Fund based LT bank guarantee (Rs 72.63 crore) - CARE A-; Stable (reaffirmed)Fund based LT term loan (Rs 1405.31 crore) - CARE A-; Stable (reaffirmed)Fund based LT / ST working capital limits (Rs 450 crore) - CARE A-; Stable/ CARE A2+ (revised from CARE A-; Stable) Non fund based ST BG/ LC (Rs 846.98 crore) - CARE A2+ (reaffirmed)Powered by Capital Market - Live News

India Glycols announced that the 40th Annual General Meeting (AGM) of the company will be held on 28 August 2024.Powered by Capital Market - Live News

Net profit of India Glycols rose 18.07% to Rs 60.38 crore in the quarter ended June 2024 as against Rs 51.14 crore during the previous quarter ended June 2023. Sales rose 40.58% to Rs 968.64 crore in the quarter ended June 2024 as against Rs 689.01 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales968.64689.01 41 OPM %12.9614.52 - PBDT103.2284.25 23 PBT75.6563.72 19 NP60.3851.14 18 Powered by Capital Market - Live News