Vinati Organics has subscribed to the additional 4,98,95,000 fully paid-up equity shares of the face value of Rs 10/- each at par, amounting to Rs 49.89 crroe by way of subscription towards the rights issue of Veeral Organics, a wholly owned subsidiary, the shares rank pari-passu to existing equity shares of the Company. Powered by Capital Market - Live News

Vinati Organics has allotted 8,83,582 equity shares pursuant to the Scheme of Amalgamation of Veeral Additives (transferor company) with Vinati Organics (transferee company). Consequently, the paid up equity share capital has increased to Rs 10,36,65,632 comprising of 10,36,65,632 equity shares of INR 1 each.Powered by Capital Market - Live News

Net profit of Vinati Organics declined 28.05% to Rs 76.94 crore in the quarter ended December 2023 as against Rs 106.94 crore during the previous quarter ended December 2022. Sales declined 13.27% to Rs 447.99 crore in the quarter ended December 2023 as against Rs 516.53 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales447.99516.53 -13 OPM %25.5928.65 - PBDT122.47159.03 -23 PBT103.14142.40 -28 NP76.94106.94 -28 Powered by Capital Market - Live News

Vinati Organics will hold a meeting of the Board of Directors of the Company on 11 February 2024.Powered by Capital Market - Live News

Net profit of Vinati Organics declined 27.45% to Rs 84.16 crore in the quarter ended September 2023 as against Rs 116.01 crore during the previous quarter ended September 2022. Sales declined 20.86% to Rs 448.14 crore in the quarter ended September 2023 as against Rs 566.29 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales448.14566.29 -21 OPM %24.7326.22 - PBDT126.76168.43 -25 PBT113.03155.38 -27 NP84.16116.01 -27 Powered by Capital Market - Live News