GMM Pfaudler announced that CRISIL has upgraded the outlook on the Company to AA-/ Positive Outlook from AA-/ Stable Outlook, as under:Long term debt (term loans) (Rs 176.40 crore) - CRISIL AA-/ PositiveFund-based working capital limits (Rs 244.98 crore) - CRISIL AA-/ Positive/ CRISIL A1+Non-fund based facilities (Rs 178.62 crore) - CRISIL A1+Powered by Capital Market - Live News

Net profit of GMM Pfaudler rose 69.90% to Rs 31.72 crore in the quarter ended December 2023 as against Rs 18.67 crore during the previous quarter ended December 2022. Sales rose 8.04% to Rs 856.00 crore in the quarter ended December 2023 as against Rs 792.31 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales856.00792.31 8 OPM %13.3014.94 - PBDT83.1686.56 -4 PBT50.4956.42 -11 NP31.7218.67 70 Powered by Capital Market - Live News

GMM Pfaudler will hold a meeting of the Board of Directors of the Company on 1 February 2024.Powered by Capital Market - Live News

GMM Pfaudler announced that the Patel Family (through Millars Machinery Company) have completed acquisition of 1% equity stake in GMM Pfaudler from Pfaudler Inc. (ultimately held by DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG) by way of an off market inter-se transfer between promoters at Rs 1,700 per share with 75% of the consideration being paid upfront and remaining 25% to be paid on or before 15 March 2024.The Patel Family`s shareholding now stands at 25.18% and they remain the largest shareholder of the Company.Powered by Capital Market - Live News

GMM Pfaudler announced that GMM Pfaudler US Inc., (a wholly owned subsidiary of the Company) has completed the acquisition of Professional Mixing Equipment Inc. (MixPro) by way of acquisition of 100% share capital of its holding company 2012875 Ontario Inc. on 01 December 2023. Powered by Capital Market - Live News