Net loss of Clariant Chemicals (India) reported to Rs 2.72 crore in the quarter ended December 2018 as against net profit of Rs 16.82 crore during the previous quarter ended December 2017. Sales declined 4.89% to Rs 249.88 crore in the quarter ended December 2018 as against Rs 262.73 crore during the previous quarter ended December 2017.

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Clariant Chemicals (India) announced that the Board of Directors of the company at its meeting held on 12 February 2019 has approved the following -

1.Resignation of Mario Brocchi from the Directorship of the Company w.e.f. closing working hours of 12 February 2019;

2.Appointment of Thomas Wenger as an Additional Non-Executive Director of the Company, w.e.f. closing working hours of 12 February 2019.

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Clariant Chemicals (India) announced that on request of the company over non-availment of the proposed limits rated by CARE, CARE has agreed to withdraw the outstanding ratings of ''CARE AA+; Stable/CARE A1+ [Double A Plus; Outlook: Stable/A One Plus] assigned to the bank facilities of the Company with immediate effect. CARE has also received NOC from the banks that have extended the facilities rated by CARE.

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Clariant Chemicals (India) will hold a meeting of the Board of Directors of the Company on 12 February 2019.

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