Chembond Chemicals announced that the 45th Annual General Meeting (AGM) of the company will be held on 31 July 2020.

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Net loss of Chembond Chemicals reported to Rs 6.13 crore in the quarter ended March 2020 as against net profit of Rs 4.85 crore during the previous quarter ended March 2019. Sales declined 17.12% to Rs 63.14 crore in the quarter ended March 2020 as against Rs 76.18 crore during the previous quarter ended March 2019.

For the full year,net profit declined 89.20% to Rs 1.87 crore in the year ended March 2020 as against Rs 17.32 crore during the previous year ended March 2019. Sales declined 11.04% to Rs 268.04 crore in the year ended March 2020 as against Rs 301.31 crore during the previous year ended March 2019.

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Chembond Chemicals will hold a meeting of the Board of Directors of the Company on 28 May 2020.

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Chembond Chemicals has fixed 16 March 2020 as record date for payment of interim dividend for FY 2020. The dividend will be paid on or before 24 March 2020.

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