Bhansali Engineering Polymers announced that the Board of Directors of the Company at its meeting held on 13 July 2024, inter alia, have recommended the First Interim dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Bhansali Engineering Polymers rose 5.62% to Rs 53.35 crore in the quarter ended June 2024 as against Rs 50.51 crore during the previous quarter ended June 2023. Sales rose 15.48% to Rs 340.06 crore in the quarter ended June 2024 as against Rs 294.48 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales340.06294.48 15 OPM %18.1119.21 - PBDT73.5669.22 6 PBT71.2266.77 7 NP53.3550.51 6 Powered by Capital Market - Live News

The Board of Bhansali Engineering Polymers at its meeting held on 13 July 2024 has updated the Board members on the proposed enhancement of ABS production capacity from 75000 TPA to 200000 TPA at Company`s existing plants at Abu Road (Rajasthan) and Satnoor (Madhya Pradesh) and were informed that TOYO`s report (on Front End Engineering Design (FEED) and CAPEX Cost Estimation) was expected in June 2024 but the same is taking more time as compared to the original timelines, mainly due to required multiple interactions with International suppliers to select the most advanced machinery for vital Process Sub-systems such as Slurry Filtration system, Powder Drying system, Strand pelletising system etc. The FEED package with realistic project cost is now expected from TOYO by the end of September 2024. Inspite of this timings, the Management shall endeavour to implement the project as per original schedule i.e. by March 2026. Powered by Capital Market - Live News

Bhansali Engineering Polymers will hold a meeting of the Board of Directors of the Company on 13 July 2024.Powered by Capital Market - Live News

Bhansali Engineering Polymers announced that the 40th Annual General Meeting (AGM) of the company will be held on 29 June 2024.Powered by Capital Market - Live News