Kanoria Chemicals & Industries Limited — Board Meeting, 05-08-2025: Outcome of Board Meeting

Kanoria Chemicals & Industries has announced consolidated financial results for the quarter ended June 30, 2025. Revenue from operations grew to ₹453.78 Cr, up from ₹384.13 Cr in the same quarter last year. The company narrowed its loss for the period to ₹13.78 Cr from ₹22.93 Cr. A major strategic move involves diluting its stake in subsidiary APAG Holding AG to ~14.3% from 55%. This involves APAG issuing new shares, converting parts of loans worth EUR 0.264 Cr and CHF 0.495 Cr, and raising USD 1.938 Cr from strategic investors. The remaining stake will be divested by FY29-30.