Net profit of Panama Petrochem rose 20.02% to Rs 60.98 crore in the quarter ended March 2024 as against Rs 50.81 crore during the previous quarter ended March 2023. Sales rose 45.17% to Rs 740.97 crore in the quarter ended March 2024 as against Rs 510.40 crore during the previous quarter ended March 2023.For the full year,net profit declined 16.23% to Rs 195.15 crore in the year ended March 2024 as against Rs 232.97 crore during the previous year ended March 2023. Sales rose 4.80% to Rs 2356.74 crore in the year ended March 2024 as against Rs 2248.72 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales740.97510.40 45 2356.742248.72 5 OPM %10.5512.95 -10.7813.74 - PBDT76.3664.90 18 250.60303.98 -18 PBT73.7462.57 18 240.77294.55 -18 NP60.9850.81 20 195.15232.97 -16 Powered by Capital Market - Live News

Panama Petrochem has recommended to the members of the Company the appointment of Almas Nanda (DIN: 05329210) as an Independent Director on the Board of the Company at the ensuing Annual General Meeting (AGM) of the Company for a term of five (5) consecutive years commencing from 13 February 2025. Almas Nanda is the visionary behind Inc. 5 Shoes Private Limited. She has shaped the brand`s identity and improved customer experience, setting industry standards for quality and innovation. As the Whole-Time Director, she leads the research and development for women`s footwear and manages merchandising operations. Beyond her brand, she had also been a visiting faculty at NIFT New Delhi and contributed as a designer for the World Gold Council`s, WGC Book.Powered by Capital Market - Live News

Panama Petrochem announced that the Board of Directors of the Company at its meeting held on 27 May 2024, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Panama Petrochem announced that its wholly owned subsidiary Panol Industries RMC FZE incorporated in UAE, has executed an Musataha (Lease) Agreement with RAK Maritime City Free Zone Authority for Plot No. 25, located at RAK Maritime City Free Zone, having an area of 9500 square meters for a period of 25 years. The lease agreement is for a sum of AED 522,500 per annum for the first year. The consideration shall be subject to increase every year by 4% of the then current Consideration. Powered by Capital Market - Live News

Panama Petrochem will hold a meeting of the Board of Directors of the Company on 27 May 2024Powered by Capital Market - Live News