Corporate Announcement

The Board of Directors of the Company at their meeting held today have approved the expansion of the Phthalic Anhydride plant with a capacity of 53,000 MTPA at the existing location and to also foray into the downstream products.

The plant is expected to be commissioned in FY 2018-19.

Press release on the unaudited financial results for quarter ended 30th June 2017
Notice of Board Meeting to be held on 24/07/2017
Press release on the audited financial results for the year FY 2016 – 17
Notice of Board Meeting to be held on 03/05/2017

The Board of Directors at their Meeting held today has, inter alia :

Approved the standalone unaudited financial results of the Company for the third quarter ended 31st December, 2016

Re-appointed Shri J K Saboo as Executive Director of the Company for a period of 3 years with effect from 1st April, 2017 subject to the approval of Members of the Company.

Notice of Board Meeting to be held on 13/02/2017

The members of the Company at an extra-ordinary general meeting held on 14th December, 2016 have approved the acquisition of the Maleic Anhydride business from Mysore Petro Chemicals Ltd.

The Board of Directors at their Meeting held today has, inter alia :

Approved the standalone unaudited financial results of the Company for the second quarter and half year ended 30th September, 2016.

Approved the acquisition of the Maleic Anhydride business from Mysore Petro Chemicals Ltd. subject to the approval of the shareholders of the Company.Decided to convene an extra-ordinary general meeting of the members of the Company on 14th December, 2016.

Notice of Board Meeting to be held on 09/11/2016

The Board of Directors at their Meeting held today has, inter alia approved the standalone unaudited financial results of the Company for the first quarter   ended 30th June, 2016 as reviewed by the Audit Committee at its Meeting of even date pursuant to Regulation 33 of the SEBI (Listing Obligations and  Disclosure Requirements) Regulations, 2015.

Notice of Board Meeting to be held on 11/08/2016

The members of the Company at an extra-ordinary general meeting held on 14th December, 2016 have approved the acquisition of the Maleic Anhydride business from Mysore Petro Chemicals Ltd.

The Board of Directors at their Meeting held today has, inter alia :

Approved the standalone and consolidated financial statements of the Company for the year ended 31st March, 2016.

Approved the standalone and consolidated audited financial results of the Company for the year ended 31st March, 2016.

Recommended a dividend @ 20% i.e. Rs. 2/- per equity share of the face value of Rs. 10/- each for the financial year 2015-16 subject to the approval of the members of the Company.

Appointed M/s Makarand M Joshi & Co. as Secretarial Auditor of the Company for the year 2016-17.

Appointed M/s Krishna S & Associates, Cost Accountant as Cost Auditors of the Company for the year 2016-16.

Notice of Board Meeting to be held on 23/05/2016

The Board of Directors at their Meeting held today has, inter alia :

Approved the standalone Unaudited Financial Results of the Company for the third quarter and nine months ended 31st December, 2015 as reviewed by the Audit Committee at its Meeting of even date pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Severally authorized the Key Managerial Personnel of the Company for the purpose of determining materiality of an event or information and for making disclosures to the Stock Exchanges as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as per the details given below :

Sr. No. Name Of The Key Managerial Personnel Contact Details
1. Shri Nikunj Dhanuka, Managing Director & Chief Executive Officer 022-3028 6100
2. Shri R. Chandrasekaran, Chief Financial Officer 022-3028 6100
3. Shri Sudhir R. Singh, Company Secretary 022-3028 6100
Re-appointed Shri Nikunj Dhanuka as Managing Director & Chief Executive Officer of the Company for a period of 3 years with effect from 27-04-2016 subject to the approval of Members of the Company.

Approved the following Policies under the SEBI (Listing Obligations and Disclosure Requirements) 2015 :

Board Policy on Preservation of Documents under Regulation 9
Archival Policy under Regulation 30(8) and
Board Policy for determination of materiality of an event or information under Regulation 30(4)

Pursuant to Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, a Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 11th February, 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the third quarter and nine months ended 31st December, 2015.

The Board of Directors at their Meeting held today has approved entering into Maleic Anhydride business in Dubai with M/s Dubai Natural Gas Company Ltd. by way of way of setting up of a Joint Venture through its wholly owned subsidiary IGPL (FZE).

The Board of Directors at their Meeting held today has, inter alia, approved :

The Unaudited Financial Results of the Company for the second quarter ended 30th September, 2015 as reviewed by the Audit Committee at its Meeting of even date.

To avail the premises on leave and licence basis.

To issue Power of Attorney in favour of Shri R Chandrasekaran, Chief Financial Officer of the Company for the day to day operations of the Company.

The 26th Annual General Meeting of the Company was held today. The members of the Company have declared a dividend of Re. 1/- per share of the face value of Rs. 10/- for the financial year 2014-15.
The dividend will be paid to the eligible shareholders on 25th August, 2015.

The Board of Directors at their Meeting held today has, inter alia :

Approved the Unaudited Financial Results of the Company for the first quarter ended 30th June, 2015 as reviewed by the Audit Committee at its Meeting of even date.

Re-designated Mr. R Chandrasekaran as Chief Financial Officer and appointed Mr. Sudhir R Singh as Company Secretary of the Company.

Appointed M/s ASA & Associates LLP as Joint Statutory Auditors of the Company subject to the approval of the members of the Company.

Appointed M/s Krishna S & Associates as Cost Auditors of the Company for the year 2015-16.

Approved the alteration of Articles of Association subject to the approval of the members of the Company.

Approved the keeping of Register of Members and other related statutory books at a place other than the registered office of the Company subject to the approval of the members of the Company.

Appointed M/s Makarand M Joshi & Co. as the Secretarial Auditor of the Company for the year 2015-16.

The Board of Directors as their Meeting held today has, inter alia :

Approved the Audited Financial Results of the Company for the financial year ended 31st March, 2015 as reviewedm by the Audit Committee at its Meeting of even date.

Recommended a final dividend at the rate of Re.1/- per equity share of the face value of Rs. 10/- for the financial year ended 31st March, 2015.

Approved the Notice convening the 26th Annual General Meeting (AGM) of the Company on 17th August, 2015 and close the Register of Members and Share Transfer Books from Tuesday, 14th August, 2015 to Monday, 17th August, 2015 (both days inclusive) for the purpose of the AGM and to ascertain the eligibility for the entitlement of final dividend.