Bhagiradha Chemicals & Industries Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Bhagiradha Chemicals has announced a board meeting on converting outstanding loans of Rs. 368 Cr (including interest) to its wholly owned subsidiary, Bheema Fine Chemicals, into equity shares. This will bolster Bheema’s balance sheet and cut its interest costs, aiding growth without new cash input. Bheema, focused on agrochemicals, saw turnover jump to Rs. 17.02 Cr in FY25 from Rs. 0.93 Cr the prior year. Bhagiradha will maintain full ownership post-conversion.