Laxmi Organic Industries Completes Acquisition of Acetyls Holding

Laxmi Organic Industries has completed the acquisition of 100% equity share capital of Acetyls Holding in accordance with terms of the Share Purchase Agreement dated 09 December 2020 and Prospectus dated 18 March 2021. With this acquisition, Acetyls Holding and its subsidiary Company namely Yellowstone Chemicals have become subsidiaries of the Company w.e.f. 01 October … Read more

India’s Laxmi Organic Industries Reports 379.3% YoY Net Profit Growth in Q1FY21-22

Laxmi Organic Industries Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 182% to Rs 102.32 crores ($13.8 million) for the period ended June 30, 2021 as against net profit of Rs 36.34 crores ($4.9 million) for … Read more

India’s Laxmi Organic Reports 262% Rise in Net Profit for Q4 FY20-21

Laxmi Organic Industries Ltd., a specialty ingredients and solvents manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2021. Q4 Results The company’s net profit increased 262% to Rs 36.34 crores ($5 million) for the period ended March 31, 2021 as against Rs 10.04 crores ($1.4 million) for … Read more