Shish Industries(SIL) announced the signing of a significant long-term commercial trade agreement, with the USA based entity Best Construction Products Inc. (BCP). This agreement brings together SIL, a leading company specialising in the production and supply of Construction, Packaging & Thermal Insulation related Products, and BCP, a distinguished entity in the United States engaged in quality construction materials. Under the terms of the agreement, SIL will supply a variety of agreed products crucial for construction purposes to BCP over a period of 5 years amounting to minimum USD 37.5 millions (approx. Rs. 312 crores present value). The parties have agreed on dynamic pricing based on raw material pricings, actual freight charges, quality assurance and more. The agreement also outlines the minimum commitment purchase by BCP year on year and compensation of 3% for any shortage in that, given as advance deposit to SIL.Powered by Capital Market - Live News

Net profit of Shish Industries rose 31.33% to Rs 3.06 crore in the quarter ended March 2024 as against Rs 2.33 crore during the previous quarter ended March 2023. Sales rose 24.63% to Rs 23.33 crore in the quarter ended March 2024 as against Rs 18.72 crore during the previous quarter ended March 2023.For the full year,net profit rose 17.99% to Rs 8.00 crore in the year ended March 2024 as against Rs 6.78 crore during the previous year ended March 2023. Sales rose 25.09% to Rs 85.74 crore in the year ended March 2024 as against Rs 68.54 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales23.3318.72 25 85.7468.54 25 OPM %20.1919.60 -12.6913.10 - PBDT4.993.09 61 12.5710.26 23 PBT4.522.75 64 11.148.98 24 NP3.062.33 31 8.006.78 18 Powered by Capital Market - Live News

Shish Industries has revised the meeting of the Board of Directors which was scheduled to be held on 12 April 2024. The meeting will now be held on 18 April 2024.Powered by Capital Market - Live News

Shish Industries will hold a meeting of the Board of Directors of the Company on 12 April 2024.Powered by Capital Market - Live News

Shish Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 6 April 2024 .Powered by Capital Market - Live News