Kanoria Chemicals & Industries News

Kanoria Chemicals Reports Mixed Results with Gain from Subsidiary Divestment

Kanoria Chemicals Industries Limited reported quarterly results for the period ended September 30, 2025. The company's revenue from operations increased to Rs 19,087 lakhs compared to Rs 16,094 lakhs in the same quarter last year. However, the company recorded a significant gain of Rs 9,766 lakhs from loss of control of discontinued operations, primarily due to APAG Holding AG ceasing to be a subsidiary on July 31, 2025. The company also reported exceptional items including impairment in investment value of Rs 1,064 lakhs. For continuing operations, the company showed a profit before tax of Rs 853 lakhs. The Solar Power Division was previously sold in June 2024 and is being treated as discontinued operations. The company operates primarily in chemicals manufacturing, which is considered as one reportable segment.

Kanoria Chemicals Enters Shareholders Agreement with Four International Entities

Kanoria Chemicals & Industries Limited entered into a shareholders agreement with APAG Holding AG (Switzerland), Anevolve Private Limited, Asia Investments UK Private Limited, and CoSyst Holding AG on September 15, 2025. The agreement follows up on the company's earlier communication dated July 29, 2025. The company has informed stock exchanges BSE and NSE about this development for their records.