Deepak Nitrite Limited Recommends Dividend for the Year Ended March 31, 2024
May 20, 2024 at 11:44 am
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Board of Directors of Deepak Nitrite Limited, at their Meeting held on 20th May, 2024, have recommended, for approval by the shareholders, a dividend of INR 7.501/- (Rupees Seven and Fifty Paisa Only), being 375%, per equity share for the year ended March 31,2024 on 13,63,93,041 equity shares of face value of INR 2/- (Rupees Two only) each.
Deepak Nitrite Limited is an India-based company, which is engaged in manufacturing and trading of chemicals. The Company operates through two segments: Advanced Intermediates and Phenolics. Its Advanced Intermediates segment offers sodium nitrite, sodium nitrate, nitro toluidines, fuel additives, nitrosyl sulphuric acid, xylidines, oximes, cumidines, specialty agrochemicals, optical brightening agent (OBA), diamino stilbene disulfonic acid (DASDA). Its Phenolics segment offers cumene, phenol, acetone, isopropyl alcohol, ammonium sulfate (AMS). The Company's products cater to several industries, such as colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, diesel blending, agrochemicals, glass, personal care, paper, detergents and textiles, laminates, ply, adhesive, paints, auto, pharmaceuticals, plastics, and others. The Company's manufacturing facilities are located at Nandesari, Dahej (Gujarat), Roha, Taloja (Maharashtra) and Hyderabad (Telangana).