Dhanuka Agritech will hold a meeting of the Board of Directors of the Company on 30 October 2020.

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Dhanuka Agritech has changed its corporate office from 14th Floor, Building No.5, Tower 'A', DLF Phase-Ill, Cyber City, Gurugram, Haryana 122002; Tel. No. 0124-3838592, 658 to Global Gateway Tower - B, Ground and 1st Floor, MG Road, Near Dronacharya Metro Station, Gurugram -122 002, Haryana Tel. No.: 0124 4345000 / 4345001w.e.f 15 October 2020.

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Dhanuka Agritech announced that ICRA has reaffirmed and removed from watch with negative implications the company's credit rating in respect of fund based working capital facilities and non-fund based - LC/BG respectively as follows:

Fund based working capital facilities (Rs 30 crore) - ICRA AA-; Positive
Non-fund based LC/BG (Rs 33.35 crore) - ICRA A1+

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In July, the board approved buyback of upto 10 lakh equity shares at a final buyback price of Rs 1,000 each for an aggregate amount not exceeding Rs 100 crore.

Dhanuka Agritech manufactures insecticides, pesticides and other chemicals. The company has technical tie-ups with 4 American and 6 Japanese companies.

The company's consolidated net profit surged 252.80% to Rs 51.79 crore on 70.7% jump in net sales to Rs 373.85 crore in Q1 June 2020 over Q1 June 2019.

In the past six months, the stock has surged 157.38% while the benchmark S&P BSE Sensex has added 28.10% during the same period.

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