Chemtech Industrial Valves Ltd — Updates, 29-05-2025: Company Update

Chemtech Industrial Valves Ltd. has announced a board meeting to consider the financial results for the quarter and half-year. The company reported consolidated revenues of ₹1356.62 million for the quarter, up from ₹939.17 million in the previous quarter, with manufacturing contributing ₹1236.42 million. Profit before tax rose to ₹231.60 million. Capital employed increased to ₹9583.05 million. The statutory auditor issued an unmodified opinion on the annual audited standalone financial statements, confirming compliance with accounting standards and effective internal financial controls. The company is contesting a penalty related to ineligible ITC of approximately ₹39.4 million, for which a deposit under protest has been made. Loans totaling ₹6 crore have been extended to related parties during the year. No dividend was declared.