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

Kanoria Chemicals' Board has approved its Q1 FY25 consolidated financial results. Revenue from operations reached ₹453.78 Cr, with the company reporting a consolidated loss of ₹13.78 Cr for the quarter.

A major strategic update involves diluting its stake in subsidiary APAG Holding AG from 55% to approximately 14.3%. This will happen via new share issuance where existing loans (EUR 2.64 million from Kanoria, CHF 4.95 million from a related party) convert to equity, alongside a USD 19.38 million investment from new strategic investors. Full divestment of the remaining stake is planned for FY29-30.