Net profit of Vinati Organics declined 0.50% to Rs 104.14 crore in the quarter ended March 2024 as against Rs 104.66 crore during the previous quarter ended March 2023. Sales rose 5.98% to Rs 550.31 crore in the quarter ended March 2024 as against Rs 519.28 crore during the previous quarter ended March 2023.For the full year,net profit declined 22.95% to Rs 322.97 crore in the year ended March 2024 as against Rs 419.16 crore during the previous year ended March 2023. Sales declined 8.34% to Rs 1899.96 crore in the year ended March 2024 as against Rs 2072.73 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales550.31519.28 6 1899.962072.73 -8 OPM %27.2428.35 -24.7227.56 - PBDT158.68158.03 0 504.89622.19 -19 PBT139.13141.51 -2 431.96563.16 -23 NP104.14104.66 0 322.97419.16 -23 Powered by Capital Market - Live News

Vinati Organics will hold a meeting of the Board of Directors of the Company on 17 May 2024Powered by Capital Market - Live News

Vinati Organics has subscribed to the additional 5,80,58,500 fully paid-up equity shares of the face value of Rs 10/- each at par, amounting to Rs 58,05,85,000 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 CompanyPowered by Capital Market - Live News

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