i Develop Stocks Advisory: Vinyl Chemicals update....

Wednesday, December 12, 2007

Vinyl Chemicals update....

Thursday, December 06, 2007

The Scheme of demerger of the Company´s Manufacturing Undertaking at Mahad (Appointed date being April 01, 2007) into Pidilite Industries Ltd has been approved by the Shareholders of the Company as well as of Pidilite Industries Ltd at the Court Convened Meetings of the Equity Shareholders of both the Companies held on August 27, 2007. The Hon’ble High Court of Judicature at Bombay has fixed the date of hearing on November 23, 2007 for considering the Scheme. Accordingly, the figures shown herein also include those relating to the said Manufacturing Undertaking and provision for tax (MAT) and review of Deferred Tax Asset (as earlier recognised) have been dealt with in consonance therewith, all of which are subject to review after the outcome of the foregoing Scheme is known.

The Company´s current business activity has only one primary reportable segment, namely Chemicals - which comprises manufacturing and trading mainly in Vinyl Acetate Monomer.

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Wednesday, December 12, 2007

Vinyl Chemicals update....

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