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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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8th February 2014
OUTCOME OF THE BOARD MEETING HELD ON 08 FEBRUARY 2014

Board of Directors in its meeting held on today i.e. 08 February 2014 has approved the following: 1. Un-audited financial results for the quarter and nine months ended 31 December 2013 The net sales for the quarter ended 31 December 2013 is 138.78 crore against 117.05 crore during corresponding quarter ended 31 December 2012. The Profit before interest & depreciation has decreased by 1.25% to 23.63 crore during the quarter under review against 23.93 crore during the corresponding quarter ended 31 December 2012 and Profit after tax 0.59 crore during the quarter ended 31 December 2013. 2. Considered and approved the extension of date of redemption of 7% Non Cumulative Redeemable Preference Shares subject to the approval of the shareholders through Postal Ballot. 3. The Board considered and discussed to restructure the business of the company and authorized the Managing Director to explore the possibility of various options consisting of demerger or merger, incorporate one or more subsidiary companies, joint ventures and to transfer the business of one segment/product, or in combination or otherwise arrange the business of company to unleash the potential of the Company.






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