Daikaffil Chemicals India Incorporates Wholly Owned Subsidiary in Nigeria

Daikaffil Chemicals India Limited has incorporated a wholly owned subsidiary named Mikusu Global Industries Limited in Nigeria. The Board of Directors approved the incorporation on August 12, 2025, and the Certificate of Incorporation was obtained on August 22, 2025. The subsidiary has a total share capital of ₦100,000,000 (approximately INR 57,00,000) divided into 100,000,000 ordinary shares of ₦1 each. Mikusu Global will operate in the agro-chemical industry, focusing on pesticides, insecticides, herbicides, fungicides, and weedicides. The company will remit funds for the share capital in compliance with the Foreign Exchange Management Act, 1999. Daikaffil Chemicals holds 100% shareholding in the new subsidiary, which was incorporated under the Companies And Allied Matters Act, 2020 of Nigeria.

Daikaffil Chemicals Reports Quarterly Profit, Schedules AGM and Approves International Expansion

Daikaffil Chemicals India Limited reported a profit after tax of Rs. 42.47 lacs for the quarter ended June 30, 2025, compared to a loss of Rs. 30.03 lacs in the same quarter last year. Revenue from operations stood at Rs. 387.69 lacs. The Board scheduled the 33rd Annual General Meeting for September 23, 2025, via video conferencing, with book closure from September 17-23, 2025. Key appointments include Mr. Roshan R Shetty as Additional Executive Director for five years and Mr. Sanjeev Kapoor's designation as Senior Management Personnel. The Board proposed M/s. NVC & Associates LLP as statutory auditors for five years starting FY 2025-26, subject to shareholder approval. The company approved incorporation of wholly owned subsidiaries in Nigeria and United Arab Emirates. Daikaffil Chemicals manufactures OBA and other chemicals, operating as a single business segment.