Clariant Chemicals (India) announced that its ultimate global holding Company Clariant informed that SABIC has recently completed the purchase of 24.99 % stake in Clariant globally as a strategic anchor shareholder.

Further, its ultimate global holding Company Clariant announced its intention to combine its Additives and high value Masterbatches with parts of SABIC's Specialties business to form the Business Area High Performance Materials which will provide customers with significant benefits and strategic advantages. It also announced about its intention to divest the remaining Plastics & Coatings business by 2020, subject to necessary approvals.

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Clariant Chemicals (India) will hold a meeting of the Board of Directors of the Company on 9 August 2018.

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Net profit of Clariant Chemicals (India) declined 77.11% to Rs 1.79 crore in the quarter ended March 2018 as against Rs 7.82 crore during the previous quarter ended March 2017. Sales declined 4.00% to Rs 243.56 crore in the quarter ended March 2018 as against Rs 253.72 crore during the previous quarter ended March 2017.

For the full year,net profit declined 11.76% to Rs 21.60 crore in the year ended March 2018 as against Rs 24.48 crore during the previous year ended March 2017. Sales rose 3.32% to Rs 1013.55 crore in the year ended March 2018 as against Rs 980.98 crore during the previous year ended March 2017.

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Clariant Chemicals (India) announced that the Board of Directors of the Company at its meeting held on 15 May 2018, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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