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Privi Speciality Chemicals Ltd

BSE Code : 530117 | NSE Symbol : PRIVISCL | ISIN:INE959A01019| SECTOR : Chemicals |

NSE BSE
 
SMC down arrow

528.75

-6.80 (-1.27%) Volume 280564

28-Oct-2020 EOD

Prev. Close

535.55

Open Price

543.80

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 543.85 - 523.25

52 wk High/Low 608.00 - 273.24

Key Stats

MARKET CAP (RS CR) 2069.74
P/E 66.23
BOOK VALUE (RS) 32.9165127
DIV (%) 15
MARKET LOT 1
EPS (TTM) 8
PRICE/BOOK 16.096784152958
DIV YIELD.(%) 0.28
FACE VALUE (RS) 10
DELIVERABLES (%) 82.52
4

News & Announcements

24-Oct-2020

Privi Speciality Chemicals to hold board meeting

23-Oct-2020

Privi Speciality Chemicals Ltd - Board Meeting Intimation for Un-Audited Financial Results On Standalone And Consolidated Basis For The 2Nd Quarter And Half Year Ended On September 30, 2020

23-Oct-2020

Privi Speciality Chemicals Ltd - Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations 2015 For Half Year Ended As On Sept 30, 2020

19-Oct-2020

Fairchem Speciality Ltd - Privi Speciality Chemicals Limited - Other General Purpose

24-Oct-2020

Privi Speciality Chemicals to hold board meeting

13-Oct-2020

Fairchem Speciality to hold AGM

28-Sep-2020

Fairchem Speciality receives credit ratings for bank facilities from CRISIL

12-Aug-2020

Board of Fairchem Speciality approves change in company name

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A-1 Acid Ltd 542012
Aarti Industries Ltd 524208 AARTIIND
Aarti Surfactants Ltd 543210 AARTISURF
Absolute Aromatics Ltd 40209
Aditya Info-Soft Ltd 530693
Advanced Enzyme Technologies Ltd 540025 ADVENZYMES
Akzo Nobel Chemicals (India) Ltd 500082 CENTAKCHEM
Alang Industrial Gases Ltd 531517
Alkali Metals Ltd 533029 ALKALI
Alkyl Amines Chemicals Ltd 506767 ALKYLAMINE
Allied Resins & Chemicals Ltd(merged) 524538 ALLIEDRES
Alufluoride Ltd 524634
Ambani Organics Ltd 535097 AMBANIORG
Amex Carbonates & Chemicals Ltd 531321
Amines & Plasticizers Ltd 506248
Aminex Chemicals Ltd (Wound-up) 524386
Amit Alcohol & Carbon Dioxide Ltd (Merged) 506904
Anan Drug & Chem Ltd 531999
Andhra Petrochemicals Ltd 500012 ANDHRAPET
Anjana Explosives Ltd 40329
Archit Organosys Ltd 524640
Arvin Liquid Gases Ltd 523404
Ashok Alco-Chem Ltd 524594 ASHOKALCO
Asian Petroproducts & Exports Ltd 524434
Asiatic Oxygen Ltd 40030
Avikem Resins Ltd 523784
Avon Lifesciences Ltd 531541
B L Industries (India) Ltd 530637
Balaji Amines Ltd 530999 BALAMINES
Barium Chemcials Ltd 506275
Baroda Carbons Ltd 523527
BASF India Ltd 500042 BASF
Benzo Petro International Ltd 524737
Benzo Petrochemicals Ltd (Wound Up) 524196
Bhagawati Gas Ltd 500051 BAGWATIGAS
Bhagawati Oxygen Ltd 509449
Bhuruka Gases Ltd 509728
Bhuvan Tripura Industries Ltd 524725
Binaca Synthetic Resins Ltd 514344
Borax Morarji Ltd(Merged) 506315
Burmah Petro Products Ltd 40310
C J Gelatine Products Ltd 507515
Cabot India Ltd 506700 CABOTINDIA
Camlin Fine Sciences Ltd 532834 CAMLINFINE
Canvay Chemicals Ltd 531535
Caprolactam Chemicals Ltd 507486
Carbon & Chemicals India Ltd (Merged) 505813
Castrol India Ltd 500870 CASTROLIND
Cellulose Products of India Ltd 506345
Chembond Chemicals Ltd 530871 CHEMBOND
Chemcon Speciality Chemicals Ltd 543233 CHEMCON
Chemcrux Enterprises Ltd 540395
Chemfab Alkalis Ltd 541269 CHEMFAB
Chemiesynth (Vapi) Ltd 539230
Chemplast Sanmar Ltd 506355 CHEMPLAST
Chimique Laboratories (India) Ltd 40300
Ciba India Ltd(merged) 532184 CIBASPEC
Cilson Organics Ltd 532147
Citric India Ltd 506370
Citurgia Biochemicals Ltd 506373 CITURGIBIO
Clariant (India) Ltd(merged) 500373 CLARIANT
Clariant Chemicals (India) Ltd 506390 CLNINDIA
Clarisis Organics Ltd 524806
Claro India Ltd 524366
Cochin Minerals & Rutile Ltd 513353
Continental Petroleums Ltd 523232
Core Organics Ltd 524466
Crestchem Ltd 526269
Dai-ichi Karkaria Ltd 526821 DAICHIKARK
Deccan Petroleums Ltd 526375
Deepak Fertilizers & Petrochemicals Corp Ltd 500645 DEEPAKFERT
Deepak Nitrite Ltd 506401 DEEPAKNTR
Dharamsi Morarji Chemicals Co Ltd 506405 DHARAMORAR
DIC India Ltd 500089 DICIND
Diviya Chemicals Ltd 506810
Doctors Biotech India Ltd 512079
Dujodwala Paper Chemicals Ltd 524276
Elantas Beck India Ltd 500123 DRBECK
Ellenbarrie Industrial Gases Ltd 590087
Emmessar Biotech & Nutrition Ltd 524768
EPIC Enzymes Pharma & Industrial Chemicals Ltd 524374
Excel Industries Ltd 500650 EXCELINDUS
Ficom Organics Ltd(merged) 506443 FICOMORGAN
Fine Organic Industries Ltd 541557 FINEORG
Fineotex Chemical Ltd 533333 FCL
Fischer Chemic Ltd 524743
Foseco India Ltd 500150 FOSECOIND
Futuristic Offshore Services and Chemical Ltd 500154 GANESHANHY
Gagan Gases Ltd 524624
Galaxy Oleo-Chem (India) Ltd 40207
Ganesh Benzoplast Ltd 500153 GANESHBENZ
GBL Industries Ltd 539009
GFL Ltd 500173 GFLLIMITED
GHCL Ltd 500171 GHCL
Glory Chemicals Ltd 531532
Goa Carbon Ltd 509567 GOACARBON
GOCL Corporation Ltd 506480 GOCLCORP
Godrej Industries Ltd 500164 GODREJIND
Goiex Michio Sudo Ltd 507978
GOM Industries Ltd 523802
Goodearth Industries Ltd 526929
Goodearth Organic (India) Ltd [Wound-up] 524300
Govind Poy Oxygen Ltd 509586
GP Petroleums Ltd 532543 GULFPETRO
Grauer & Weil (India) Ltd 505710
Gresoil (India) Ltd 530483
Gujarat Carbon & Industries Ltd 506457
Gujarat Fluorochemicals Ltd 542812 FLUOROCHEM
Gujarat Indo-Lube Ltd 523552
Gujarat Oiland Industries Ltd (Wound Up) 507866
Gujarat Organics Ltd 501368
Gujarat Speciality Lubes Ltd 523880
Gujchem Distillers India Ltd 506640
Gulf Oil India Ltd - Merged 511026 GULFOIL
Gulf Oil Lubricants India Ltd 538567 GULFOILLUB
Gulshan Polyols Ltd 532457 GULPOLY
Gulshan Sugars & Chemicals Ltd(merged) 524184
Haryana Leather Chemicals Ltd 524080
Hemo Organic Ltd 524590
Hico Products Ltd 506461
Hilltone Industrial Gases Ltd 40441
Himadri Speciality Chemical Ltd 500184 HSCL
Hindcon Chemicals Ltd 535053 HINDCON
Hindustan Industrial Chemicals Ltd 524679 HINDINDCHM
Hindustan Organic Chemicals Ltd 500449 HOCL
Hindustan Oxygen Gas Ltd 509660
Hubergroup India Pvt Ltd 523886 MICRO
I G Petrochemicals Ltd 500199 IGPL
IBP Co. Ltd(merged) 500198 IBP
Iccon Oil & Specialities Ltd 523766
India Carbon Ltd 40012
India Gelatine & Chemicals Ltd 531253
India Glycols Ltd 500201 INDIAGLYCO
Indian Electro Chemicals Ltd 506490
Indo Amines Ltd 524648
Indo Borax & Chemicals Ltd 524342
Indo Gulf Industries Ltd 506945
Indo Vanillon Chemicals Ltd 531267
Indu Nissan Oxo Chemicals Industries Ltd 500208 INDUNISSAN
Inox Air Products Pvt Ltd 526534 INDOXYGEN
Insilco Ltd 500211 INSILCO
Iota Chemiculture Ltd(Liquidated) 524630
IVP Ltd 507580 IVP
J F Laboratories Ltd 523804 JFLABS
J.R. Organics Ltd 506650
Jay Agrochem Ltd (Wound Up) 513504
Jayant Agro Organics Ltd 524330 JAYAGROGN
Jocil Ltd 500561 JOCIL
Jyoti Resins and Adhesives Ltd 514448
K P Gelatines & Chemicals India Ltd (Wound-up) 524741
Kamar Chemicals & Industries Ltd 531001
Kanchi Karpooram Ltd 538896
Kanva Hydro Chem Ltd 524685
Karnataka Chemical Industries Corp Ltd 530105
Karnav Leather Chemicals Ltd 524432
Kavit Industries Ltd 524444
Keltech Energies Ltd 506528
Kesar Petroproducts Ltd 524174
Kilburn Chemicals Ltd 524699
Kings India Chemicals Corporation Ltd 524214
Kothari Polymers Ltd 40360
Krishna Plastochem Ltd (Wound Up) 524254
Laffans Petrochemicals Ltd 524522
Lime Chemicals Ltd 507759
Linde India Ltd 523457 LINDEINDIA
Link Pharma Chem Ltd 524748
Lords Chemicals Ltd 530039
M.P. Carbide & Chemicals Ltd 506925
Madras Petrochem Ltd 500261
Maha Chemicals Ltd (Wound-up) 524556
Maharashtra Explosives Ltd (Wound-up) 506871
Maharashtra Polybutenes Ltd 524232
Mangalam Organics Ltd 514418
Mark Omega Organic Industries Ltd 524681
Maruti Industrial Carbohydrates Ltd 524814
Maruti Organics Ltd 524402 MARUTIORNG
Master Chemicals Ltd 506867
Mehta Rubber Chemcials Ltd 526536
Mehta Sulfites (India) Ltd 530029
mk Aromatics Ltd 531011
Modipon Ltd 503776 MODIPON
Motorol (I) Ltd 508965 MOTOROL
Motorol Enterprises Ltd 523049 RINKIPETRO
Motorol Speciality Oils Ltd 506954
MTZ Industries Ltd 500275 METAZINC
Murablack India Ltd 523578 MURABLACK
Mysore Petro Chemicals Ltd 506734 MYSORPETRO
Nacro Chemicals Ltd 524350
Nariman Point Chemical Industries Ltd 524224
Narmada Gelatines Ltd 526739 SHAWGELTIN
National Oxygen Ltd 507813 NOL
National Peroxide Ltd 500298 NATPEROXID
Navin Fluorine International Limited 532504 NAVINFLUOR
Neogen Chemicals Ltd 542665 NEOGEN
Newton Engineering & Chemicals Ltd 524474
Nikhil Adhesives Ltd 526159
Niraj Petrochemicals Ltd 500454 NIRAJPETRO
Nitta Gelatin India Ltd 506532 KERALACHEM
NLC Nalco India Ltd 524101 NALCOCHEM
Noble Explochem Ltd 506991
NOCIL Ltd 500730 NOCIL
Nova Chemie (India) Ltd 40188
Ojas Technochem Products Ltd(wound-up) 526427
Omkar Pharmachem Ltd 532167
Omkar Speciality Chemicals Ltd 533317 OMKARCHEM
Organic Coatings Ltd 531157
Orient Organics Ltd 524766
Oriental Aromatics Ltd 500078 OAL
Oriental Carbon & Chemicals Ltd 506579 OCCL
Orissaa Organics Ltd 524392
Oswali Chemicals Ltd 506916
Padmanabh Industries Ltd 526905
Paintex Chemicals (Bombay) Ltd 524178
Partap Industries Ltd 531926
Paschim Petrochem Ltd 531005
Pentasia Chemicals Ltd (Merged) 507739
Pentokey Organy (India) Ltd 524210
Phillips Carbon Black Ltd 506590 PHILIPCARB
Pidilite Industries Ltd 500331 PIDILITIND
Pinky Chemicals Ltd 524671
Plastiblends India Ltd 523648 PLASTIBLEN
POCL Enterprises Ltd 539195
Poddar Pigments Ltd 524570 PODDARMENT
Polyolefins Industries Ltd (Merged) 506610
Pondy Oxides & Chemicals Ltd 532626 PONDYOXIDE
Premier Explosives Ltd 526247 PREMEXPLN
Prolife Industries Ltd 538392 PROLIFE
Protchem Industries (India) Ltd 524117
Punjab Chemicals & Crop Protection Ltd 506618 PUNJABCHEM
Rain Calcining Ltd(merged) 532153 RAINCALCIN
Rathi India Ltd 506959
Refex Industries Ltd 532884 REFEX
Refnol Resins & Chemicals Ltd 530815
Rencal Chemicals (India) Ltd 524510
Resonance Specialities Ltd 524218
Revati Organics Ltd 524504
Rhodia Specialty Chemicals India Ltd(Merged) 506230 ALBRMORARJ
Ritesh International Ltd 519097
Rock Hard Petro Chemical Industries Ltd 524194
Rossari Biotech Ltd 543213 ROSSARI
Rukmani Metals & Gaseous Ltd 40695
S H Kelkar & Company Ltd 539450 SHK
S K R Chemicals Ltd 530371
Salvigor Laboratories Ltd (Merged) 524268
Sanderson Industries Ltd 507728 SANDERIND
Sanginita Chemicals Ltd 538408 SANGINITA
Sarang Chemicals Ltd 532031
Searsole Chemicals Ltd (Wound-up) 506644
Seya Industries Ltd 524324 SEYAIND
Shaba Chemicals Ltd 524546
Shaper Chemicals Ltd (Wound-up) 524566
Shayona Petrochem Ltd 531538
Shentracon Chemicals Ltd 530757
Shree Benzophen Industries Ltd 531389
Shree Neelachal Laboratories Ltd 531487
Shri Ambuja Petro Chemicals Ltd 506742
Shri Aster Silicates Ltd 533219 SHRIASTER
Shri Nicosect Ltd 526437
SI Group - India Ltd 506460 SIGROUPIND
SMZS Chemicals Ltd(wound-up) 524160 SMZSCHEM
Solar Industries India Ltd 532725 SOLARINDS
Sonal Sil Chem Ltd 524673
Southern Gas Ltd 509910
Speciality Petrolubes Ltd 523525
Sree Rayalaseema Hi-Strength Hypo Ltd 532842 SRHHYPOLTD
Sree Rayalaseema Petrochemicals Ltd (Merged) 524618
Sreechem Resins Ltd 514248
SRHHL Industries Ltd (Merged) 524410 SRHHLINDST
Sterling Biotech Ltd 512299 STERLINBIO
Sudev Chemicals Ltd 40666
Sun Star Chemicals Ltd 524536 SUNSTRCHEM
Sunshield Chemicals Ltd 530845
Sunstar Lubricants Ltd 524452 SUNSTARLUB
Superior Air Products Ltd (Merged) 526469
Swarnajyothi Agrotech & Power Ltd 590090
Tamil Nadu Industrial Explosives Ltd 524028
Tanfac Industries Ltd 506854 TANFACIND
Tata Chemicals Ltd 500770 TATACHEM
TCM Ltd 524156
TECIL Chemical & Hydro Power Ltd 506680 TECILCHEM
Tetrahedron Ltd 40308
Thirani Chemicals Ltd (Merged) 524125
Thirumalai Chemicals Ltd 500412 TIRUMALCHM
Tide Water Oil Co (I) Ltd 590005 TIDEWATER
Tirupati Inks Ltd 533258
Transpek Industry Ltd 506687 TRANSPEK
Tria Fine Chem Ltd 524721
Tribology India Ltd 40171
Trigon Zinco Ltd 530287
Tulasee Bio-Ethanol Ltd 524514
Tyche Industries Ltd 532384
U P Lime Chem Ltd 524677
Unique Oils India Ltd 523250
Urvi Chemicals & Allied Industries Ltd 501371
Vadilal Chemicals Ltd 40485
Vadivarhe Speciality Chemicals Ltd 538429 VSCL
Valiant Organics Ltd 540145 VALIANTORG
Vasundhara Rasayans Ltd 538634
VBC Industries Ltd 524310
Vibros Organics Ltd 530487
Vijayshree Chemicals (India) Ltd 524312
Vikas Wsp Ltd 519307 VIKASWSP
Vinati Organics Ltd 524200 VINATIORGA
Vishnu Chemicals Ltd 516072 VISHNU
Vision Organics Ltd 532383 VISIONLTD
Yasho Industries Ltd 541167

Share Holding

Category No. of shares Percentage
Total Foreign 105386 0.27
Total Institutions 504474 1.29
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 28928851 74.06
Total Public & others 9523995 24.39
Total 39062706 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Privi Speciality Chemicals Ltd

H K Finechem Ltd., was incorporated as H K Agro Oil in May '85, H K Agrochem is engaged in the manufacture of high grades of rice bran oil, fatty acids and monoglycerides. It acquired its present name in Jun.'94. The company was promoted by Rajan Harivallabhdas and Nahoosh J Jariwala. The company came out with a public issue in Feb.'95 to set up facilities at Sanand, near Ahmedabad, to manufacture 3248 tpa of distilled fatty acids like oleic acid, linoleic acid and palmitic acid; 2894 tpa of rice bran oil grade-1 and 625 tpa of monoglycerides. Company has made private placement in 1996-97, having paid up equity from 7.00 Crores to 8.50 Crores The company has a technical collaboration with UIC, US. Equipment were procured from Sulzer, Switzerland; Feld & Hahn, Germany and UIC, US. During the year 1996-97, the second phase of Short Path Distillation Plant commenced its commercial production in the month of Nov'96. Company has export his main product viz.Deodorizer Distillate (Mixed Tocopherols) to Henkel Corporation who has buy entire production of this product. Company has placed the orders for putting up continuous fat splitting plant, which helps the company to upgrading the second stream of by product viz-Residual Oil by converting into split Fatty Acid, which can be upgraded by further processing in Fractionation plant & increased value of domestic sales. During 1999-2000, the company has successfully commissioned `Fat Splitting Plant' to increase the availiability of high value fatty acids for sale in domestic market. The Dimer Acid Project which was started earlier was implemented during 2001-02 and the main highlight of the project was developed 'in-house'by the company. This acid has been fully imported and it is of the first in India.The total cost was Rs. 3.00 Crores and this project was financed by Term Loan of Rs.2.25 crores and balance through internal accruals.

Privi Speciality Chemicals Ltd Chairman Speech

From the Chairman's Desk

Utkarsh Shah

My Dear Fairchem Family Members,

With pleasure, I present the annual report for the year ended 31st March 2017.

On Fairchem:

In the year ended 31st March 2017, your company earned EBITDA of Rs. 8,076.96 lakhs on net revenue of Rs. 59,743.56 lakhs , which includes only 8 months' contribution of the Aroma chemical business of Privi Organics India Limited. As on 31st March 2017, Net Worth of your company is Rs. 43,801.34 lakhs with Total Debt of Rs. 25,534. 57 lakhs. This is a formidable financial foundation for future growth, both organic and inorganic.

February, 2016 marked an inflection point in the history of your Company, as Canada based Fairfax group, under dynamic and inventive leadership of Mr. Prem Watsa, acquired a portion of the equity held by the existing promoter group totalling to 44.9% of the paid-up capital. Clearly, the objective was to set Adi Finechem Limited, as your company was known then, into a higher orbit of growth and corporatization.

Our new name "Fairchem Speciality Limited" reflects this changed scenario.

Merger with Privi:

The first initiative on the transformation was completed in March 2017, as the honourable NCLT approved the scheme of arrangement of merger of businesses between your Company and Privi Organics Limited. Accordingly, the aroma chemical Business of Privi Organics Limited is vested in Privi Organics India Limited (incorporated as Adi Aromatic Ltd.), a 100 % subsidiary of Fairchem Speciality Limited.

Net worth of Rs.43,801 lakhs and market capitalization of Rs. 180,000 lakhs lays a solid foundation for future growth -organic and inorganic.

Over the past two decades, under the visionary and inspirational leadership of the founders - Mr. Mahesh

Babani and Mr. D B Rao, Privi has become a formidable player in the Aroma chemical market, as a leading global player in Pinene based products with global relevant scale of operations. Both Mr. Babani and Mr. Rao have joined the Board of your Company, with Mr. Babani in the role of Managing Director. I am sure that the Board will benefit immensely from their vast experience and successful track-record.

Both Adi and Privi have gained the expertise in utilizing renewable resources, particularly waste generated in other process industries. Whilst, Adi converts the waste from vegetable oil mills into nutraceutical and Fatty acid based products, Privi procures waste from the pulp & paper mills across the globe to produce aroma chemicals. This - the proficiency in converting waste to wealth has driven the merger of our companies and will be the epicentre of future path.

Both companies have long standing and cordial relationship with leading global users.

Glimpse of future Metamorphosis of Fairchem:

Going forward, I envisage a multi-dimensional metamorphosis of your Company. I am happy to share a glimpse of the emerging scenario:

• Under the pragmatic leadership of Mr. Nahoosh Jariwala, the Oleochemical and Nutraceutical business of Fairchem (erstwhile Adi Finechem) will continue to grow with additional capacities being created. A part of the expansion is already operational. Further, opportunities to isolate and extract value added molecules from the existing feedstocks is also being explored.

• Privi has been in the process of expanding manufacturing capacities of its existing products as well as creating capacities for newer and exclusive aroma chemicals. With its close connect with the customers, these capacities would be fully occupied. Further, Privi has been conducting applied research which has been significantly successful, so far, in converting some of the byproducts formed during manufacturing into high value and specialised products.

The proficiency in converting waste to wealth has driven the merger of our companies and will be the epicentre of future path.

• We firmly believe that India has a great potential to strengthen its position as a speciality chemical manufacturer. There are several companies - small and medium - who have specialised in a specific niche of the chemical industry. Fairchem will provide a platform for these companies and their promoters to coalesce with Fairchem team to grow together. We foresee significant opportunities for M & A under the prudent and aggressive insights of Mr. Harsha Raghavan and Mr. Sumit Maheshwari of Fairfax.

• There is and will always be emphasis on Corporate Governance and compliance. We will incorporate latest and most efficient risk management systems, develop a comprehensive Sustainability Policy and commit to the Corporate Social Responsibility. This Annual Report, will touch upon these areas and going forward, I assure you that Fairchem will set further high standard in Corporate Governance.

Increasing emphasis on higher standards of corporate governance and compliance will be the cornerstone of our future growth

On Global and Indian Scenario:

We are living in uncertain yet interesting times. Globally, there is a wave of change - the USA, UK and France have witnessed change of leadership. Both the US and the UK are embracing policies which are more inward looking and conservative. In case of Britain, the change has manifested itself into the act of Brexit. In a world that is barely recovering from the economic slow-down, these events and protectionist view may create challenges for exports of goods and services from India.

Indian economy is undergoing a variety of path breaking reforms which are paving way for long term sustainable growth. Demonetisation is one of the crucial milestones in eradicating parallel economy. Introduction of the Goods & Services Tax (GST) will pave a way for efficient taxation as well as substantially increased compliances.

Fairchem management is proactively tracking these developments and I want to assure you that we are continuously working to mitigate the risks posed by the global uncertainties.

On Independent Directors:

I would like to thank all the outgoing independent directors for their extremely valuable contribution in the growth of erstwhile Adi Finechem Limited.

I take this opportunity to welcome Mr. Budhrani, Mr. Barpande, Mr. Gandhi, and Ms. Radhika who have joined the Board of Fairchem as Independent Directors.

Thank you my dear shareholders:

Over the past one year, your company has undergone several changes which will, surely, have benevolent impact on the future of the Company. All of you have whole heartedly supported us in these endeavours. I would like to thank each one of you for your continuing support and patronage. It strengthens our resolve to make your company a benchmark in speciality chemicals industry.

In closing:

Our honourable Prime Minister has been promoting the idea of "Make in India" with great conviction and faith in the abilities of us Indians.

On our part, we are committed to do our best to create a formidable, sustainable and profitable Speciality chemical company - Fairchem Speciality Limited.

From the Chairman's Desk

Utkarsh Shah

From the desk of Managing Director

Nahoosh Jariwala

Dear Members,

It is indeed a pleasure for me to share my views as a statement forming part of Annual Report of Fairchem Speciality Limited for F.Y. 2016-17.

The unfolding of events during last 18 months have been immensely beneficial for all the stakeholders of the Company. Firstly in November, 2015, Fairfax decided to take ~ 45 % equity of Adi Finechem Limited (as the Company was then known) from the promoters of the Company. Then in August, 2016, Fairfax took equity stake in Privi Organics Limited whose business of Aroma Chemicals is now vested in the Company’s wholly owned subsidiary company as per the Scheme of Arrangement. The synergies between Adi and Privi are many and under the umbrella of Fairfax and its deep resources - financial and management - the combined performance is bound to grow.

I will talk more on Adi’s business here. Oleo chemicals and nutraceutical business of Adi has again got the momentum. It mainly focuses on improving manufacturing efficiency year-on-year. At the same time, we must keep in mind that we are in a free economy and market forces will play their part. I am pleased to state that we are aiming at about 24 % to 25 % volume growth in terms of production during F.Y. 2017-18.

Following are the areas which would be the fulcrums that will drive future growth.

• Development of further products from raw materials derived from renewable sources:

A typical vegetable oils or for that matter, any other natural product comprises of a very large number of different chemical molecules. Each molecule has specific application. In separation or purification of natural products for human consumption many of the undesirable molecules are removed. However, in this process, quite often, some of the useful molecules also get removed with the undesirable which are treated as waste or by-products. Your company specializes in extracting such molecules from the waste. Tocopherols is a classic case. Going forward, we are working on

isolating other such molecules which have potential utility and their separation and purification will further enhance value addition and profitability.

• To remain focused on Oleo Chemicals based products and their derivatives:

India produces and processes several oilseeds to manufacture oils for human consumption as well as for industrial applications like Castor oil. This provides ample opportunities to manufacture a variety of oleochemicals from this resource. Your company is working on developing expertise in processing as well as sourcing oleochemicals and we will continue to stay focused in this area.

• Work on process optimization and yield improvement:

Long term sustainability of our business is ensured by staying competitive on cost. Your company, therefore, works on process optimization to improve manufacturing yields as well as to reduce the processing costs like power and fuel cost. This is achieved by benchmarking operations to the best global practices as well as utilizing the best in the class manufacturing plant and machinery.

• Explore further up-gradation of couple of existing finished products

At present, we are isolating about 10 products from various waste that we process. These products are then purified and processed further to make value added Speciality chemicals like Dimer acid. Going forward, we will work on further refining the existing products so that higher value is realized. Also, blending ofdifferent products has produced mixtures which have useful properties in areas like animal feed. These efforts will provide opportunities for market diversification as well as growth.

In closing, I thank you all for reposing trust in our leadership for years and look forward to a continuing long term mutually beneficial association,

With warm regards

From the desk of Managing Director

Mahesh Babani

My Dear Shareholders,

Greetings!

I am very happy and excited to address you for the first time.

It has been a long journey of over two decades in bringing up Privi Organics from a small-scale unit to its current size of nearly Rs.600 Cr in revenue, 67% of which is from exports to the developed world. Over the years, I was fortunate to have learnt so much from all my business associates - suppliers, customers, bankers, investors and last but perhaps most important my colleagues at work. We have a very knowledgeable, qualified and experienced team which passionately follow the vision of becoming global leader in the field of aroma chemicals.

In July 2016, Fairfax India Holdings Corporation acquired 51% equity of Privi by a combination of Primary investment and buying out some of the existing shareholders. Simultaneously, we decided to merge aroma chemical business of Privi with erstwhile Adi Finechem Limited, now Fairchem Speciality Limited.

Aroma chemicals made by your company are blended into fragrances which are used for daily products like soaps, detergents, shampoos, hand washes and fine perfumes.

Like most of the synthetic chemicals, aroma chemicals are also made from petrochemical building blocks like benzene, phenols, C5-C6 cuts from crude oil refinery, etc. However, about 37% of the aroma chemicals produced by value are made from chemicals contained in a pine tree. This makes aroma chemicals different than other specialty chemical molecules.

For your company, pinene based chemicals are even more special about half of the overall revenues and profits are generated from pinene based aroma chemicals. What is even more significant is that your company processes waste products from pulp mills (who use pine wood cut from the tree for making pulp & paper) to make building blocks which are converted into aroma chemicals. Your company is the only company in the developing world to have the technology and logistics abilities to procure these waste products from across the globe and process it.

Your company places considerable emphasis on process development research. Processes for the entire portfolio of over 40 products have been developed in-house. Further, your company is also engaged in advanced research for processing agricultural bio-waste into value added specialty chemicals by entirely natural means like fermentation. This concept is referred to as Biorefinery. This work is done in collaboration with Institute of Chemical Technology, Mumbai (formerly known as UDCT), India’s premier chemical technology institute.

Financial year 2016-17 was one of the very rare times, when your company didn’t register growth. While the overall volume sales increased by 7%, as prices of many of the finished products, particularly the pinene based products declined in 2016, revenues declined marginally by about 2%.

I am happy to inform you that the prices of finished products have since stabilised and in a few cases, are looking up.

We are working on achieving about 20% growth in volume and value sales during the current financial year.

Going forward, we are working on multiple new products for the fragrance industry. We are also working on molecules which are processed from the byproducts which are formed during manufacturing. This will improve the value addition and operating margins.

In closing, I would like to place on record my gratitude to all of you for having consented the scheme of arrangement of merger. I would also like to thank all the stakeholder of Privi Organics Limited - suppliers, customers and all the financial institutions to have agreed to the proposed merger.

Thank you & with best regards

   

Privi Speciality Chemicals Ltd Company History

H K Finechem Ltd., was incorporated as H K Agro Oil in May '85, H K Agrochem is engaged in the manufacture of high grades of rice bran oil, fatty acids and monoglycerides. It acquired its present name in Jun.'94. The company was promoted by Rajan Harivallabhdas and Nahoosh J Jariwala. The company came out with a public issue in Feb.'95 to set up facilities at Sanand, near Ahmedabad, to manufacture 3248 tpa of distilled fatty acids like oleic acid, linoleic acid and palmitic acid; 2894 tpa of rice bran oil grade-1 and 625 tpa of monoglycerides. Company has made private placement in 1996-97, having paid up equity from 7.00 Crores to 8.50 Crores The company has a technical collaboration with UIC, US. Equipment were procured from Sulzer, Switzerland; Feld & Hahn, Germany and UIC, US. During the year 1996-97, the second phase of Short Path Distillation Plant commenced its commercial production in the month of Nov'96. Company has export his main product viz.Deodorizer Distillate (Mixed Tocopherols) to Henkel Corporation who has buy entire production of this product. Company has placed the orders for putting up continuous fat splitting plant, which helps the company to upgrading the second stream of by product viz-Residual Oil by converting into split Fatty Acid, which can be upgraded by further processing in Fractionation plant & increased value of domestic sales. During 1999-2000, the company has successfully commissioned `Fat Splitting Plant' to increase the availiability of high value fatty acids for sale in domestic market. The Dimer Acid Project which was started earlier was implemented during 2001-02 and the main highlight of the project was developed 'in-house'by the company. This acid has been fully imported and it is of the first in India.The total cost was Rs. 3.00 Crores and this project was financed by Term Loan of Rs.2.25 crores and balance through internal accruals.

Privi Speciality Chemicals Ltd Directors Reports

To,

The Members,

Your Directors are indeed pleased to present the Thirty Fourth Annual Report along with Audited financial statements - both Standalone and Consolidated - of the Company for the financial year ended March 31,2019. These financial statements have been prepared in accordance with Indian Accounting Standards (Ind-AS) as required under The Companies Act, 2013.

FINANCIAL RESULTS :

Standalone for the Year ended on

Consolidated for the year ended on

31-03-2019 31-03-2018 31-03-2019 31-03-2018
(1) Total Income 25,422.25 24,554.12 134,674.21 105,551.24
(2) Profit before Exceptional Item Interest, Depreciation & Taxation 4,040.09 3,652.47 21,838.06 14,620.50
Less : Interest 573.49 575.57 2,901.46 2,393.99
(3) Profit before Exceptional Item, Depreciation and Taxation 3,466.60 3,076.90 18,936.60 12,226.51
Less : Depreciation 544.59 494.91 4,685.40 4,330.90
(4) Profit before Exceptional Item and Taxation - - 14,251.20 7,895.61
Add : Exceptional Item - - 904.78 -
(5) Profit before Tax for the year Less : Provision for Taxation : 2,922.01 2,581.99 15,155.98 7,895.61
(a) Current Tax 586.93 573.23 5,029.49 1,907.04
(b) Deferred Tax 183.32 69.07 685.99 654.81
(c) Tax adjustment of earlier years (Net) - - 16.13 -
Sub-total 770.25 642.30 5,731.61 2,561.85
(6) Profit after Tax for the year 2,151.76 1,939.69 9,424.37 5,333.76
Add: Other Compressive Income - OCI (20.92) (0.58) (16.02) (3.86)
(7) Net profit after Tax for the year 2,130.84 1,939.11 9,408.35 5,329.90
(8) Earning per share (EPS) of द 10/- each 5.51 4.97 24.13 13.66

OPERATIONS AND THE STATE OF COMPANY'S AFFAIRS:

During the year under review, the consolidated revenue from operations and other income crossed द 1,300 crores and were द 1,346.74 crores. The Company achieved consolidated profit before tax of द 142.51 crores and profit after tax & OCI of द 94.08 Crores. The EPS on Consolidated financial statements for the year ended March 31, 2019 was Rs.24.13 on diluted basis, reflecting an increase of 76%.

There is no change in the nature of business of the Company.

DIVIDEND:

Your Directors are pleased to recommend a dividend of द 2.50 (i.e. 25%) per equity share [Previous Year द 1.50 (i.e. 15 %) per equity share] for the financial year ended March 31, 2019, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. Dividend will be paid to those shareholders whose names appear in the Register of Members as on Book Closure Date. Dividend Distribution Tax at the applicable rate on the amount of dividend, net of receipt of such dividend from Privi Organics India Limited, wholly owned subsidiary company, would be paid within permissible time limit.

RESERVE :

Your Directors have decided not to transfer any amount to the Reserve for the year under review.

MATERIAL CHANGES AND COMMITMENTS :

There have been no material changes and commitments which have occurred between the end of the financial year to which the financial statements relate and the date of this Report, affecting the financial position of the company.

CAPITAL STRUCTURE :

(a) During the year, Authorised Equity Share Capital of the Company was increased from Rs. 40.00 crores to द 50.00 crores by way of creation of 10,000,000 equity shares of द 10/- each

(b) During the year, 1,452,949 Compulsorily Convertible Preference Shares of द 10/- each were converted, as per the terms of their issue, in equal number of Equity Shares of Rs. 10/- each fully paid.

MEETINGS OF THE BOARD :

During the Financial Year 2018-19, 5 (five) meetings of the Board of Directors took place. For further details, please refer Report on Corporate Governance.

PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS :

The Company has not given any loan, made investment, given any guarantee or provided any security - covered u/s. 186 of The Companies Act, 2013 - to anyone.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT :

Management discussion and analysis, as required under SEBI (LODR) Regulations, is given in a separate section in this Annual Report.

CORPORATE GOVERNANCE/MANAGEMENT DISCUSSION AND ANALYSIS REPORT :

A Report on the Corporate Governance Code along with a certificate from a practicing Company Secretary regarding the compliance of conditions of Corporate Governance as stipulated in Regulation 34 of SEBI (LODR) Regulations, 2015 is annexed to this Report.

FIXED DEPOSITS :

During the year, Company has not accepted any Fixed Deposits.

CREDIT RATING :

CARE Ratings Limited carried out annual review of credit facilities of HDFC Bank and vide its letter dated June 26, 2018, has revised / upgraded its rating as under:

1. For Long-term Bank facilities: From CARE A-; Positive to CARE A; Stable (Single A; Outlook: Stable)

2. For Long-term/ Short - term Bank facilities: From CARE A-; Positive / CARE A1 to CARE A; Stable/ CARE A1 (Single A; Outlook: stable/ A one).

INVESTOR EDUCATION AND PROTECTION FUND (IEPF) :

Pursuant to the provisions of section 124 of the Companies Act, 2013 and rules made thereunder, during the year, 41,750 equity shares of द 10/- each of 270 shareholders whose dividend had remained unclaimed / unpaid for a consecutive period of seven years were transferred to IEPF.

TECHNICAL ACHIEVEMENT :

The Company keeps on exploring the possibility of technical improvement and process optimization for better yields / product mix / energy efficiency.

DIRECTORS :

Shri Utkarsh Bhikhoobhai Shah (DIN 00101663) and Shri Mahesh Purshottambhai Babani (DIN 00051162)shall retire at the forthcoming Annual General Meeting of the Company and being eligible, offer themselves for re-appointment.

RE-APPOINTMENT OF INDEPENDENT DIRECTOR :

The term of Ms. Radhika Pereira, the Independent Woman Director of the company who was appointed to fill in the casual vacancy, expires on March 31, 2020, being the tenure of Ms. Sonal Ambani, the Independent Woman Director in whose place she was appointed. The Nomination and Remuneration Committee of the Board of Directors on the basis of the report of performance evaluation of Independent Directors, has recommended reappointment of Ms. Radhika Pereira (DIN 00016712) as Independent Director for a terms of 5 (five) consecutive years on the Board of the Company. The rationale for her re-appointment is given in the Explanatory Statement annexed to the Notice convening 34th annual general meeting of the members of the Company.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

The Company has received declarations from all the Independent Directors of the Company, inter alia, confirming that they meet the criteria of Independence as prescribed under Section 149 of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI (LODR) Regulations, 2015.

COMPANY'S POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION INCLUDING CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE OF A DIRECTOR ETC.:

Pursuant to the provisions of Section 178 and other applicable provisions, if any, of the Companies Act, 2013 read with the Rules made thereunder and Clause 49 of the Listing Agreement, now regulation 19 of SEBI (LODR) Regulation, 2015 the Board of Directors at their Meeting held on August 11, 2014 approved the Remuneration and Nomination Policy as recommended by the Nomination and Remuneration Committee. The salient features of the said policy covering the policy on appointment and remuneration and other matters have been explained in the Corporate Governance Report.

BOARD EVALUATION:

Based on the criteria for evaluation of Independent Directors and the Board, as recommended by the Nomination and Remuneration Committee and as adopted by the Board, Board carried out evaluation of its own performance and that of the individual Directors.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134 of the Companies Act, 2013 with respect to Directors' Responsibility Statement, the Directors hereby confirm:

i. that in the preparation of the financial statements for the year ended March 31,2019, the applicable accounting standards read with requirements set out under Schedule III of the Companies Act have been followed and there are no material departures from the same;

ii. that the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year viz. March 31, 2019 and of the profit of the Company for that period;

iii. that the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

iv. that the Directors have prepared the annual accounts on a ‘Going Concern' basis;

v. that the Directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively and

vi. that the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

PARTICULARS OF EMPLOYEES:

Details of Employees as per Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below:

A. Names of the employees employed throughout the year and were in receipt of remuneration of not less than द 102.00 Lakhs during the year

Details of Employees as per Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and forming part of the Directors' Report for the year ended March 31, 2019

Sr. No. Name & Age Designation/ nature of Duties Remuneration (In द ) Qualification & experience Date of Commencement of employment Last employment, Name of employer, post held and period (years) % of equity shares held with spouse & dependent children
1 Shri Nahoosh Jariwala (57 Years) Managing Director 1,44,39,600 B.Com (37 years) May 15, 2010 M/s. H.K. Finechem Limited (Executive Director) (16 years) Nil

B. Names of employees employed for part of the year and were in receipt of remuneration of not less than द 8.50 Lakhs per month

Details of Employees as per Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and forming part of the Directors' Report for the year ended March 31, 2019

Sr. No. Name & Age Designation/ nature of Duties Remuneration (In द ) Qualification & experience Date of Commencement of employment Last employment, Name of employer, post held and period (years) % of equity shares held with spouse & dependent children
Nil

LISTING :

The Company's securities are listed with BSE Limited and National Stock Exchanges of India Limited. The Company has paid the listing fees for F.Y. 2019-20 on the paid up equity share capital.

BUSINESS RESPONSIBILITY REPORT :

The Business Responsibility Reporting, as prescribed under Regulation 34 of SEBI (LODR) Regulations, 2015 is not applicable to the Company.

CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES :

All contracts / arrangements / transactions with related parties entered into by the Company during the financial year with related parties were in the ordinary course of business and on an arm's length basis. During the year, the Company had not entered into any contract / arrangement / transaction with related parties which could be considered material in accordance with related party transactions.

INTERNAL CONTROL AND ITS ADEQUACY :

The Company has, commensurate with its size, single operational location and resultant requirement, Internal Control system. A well-known firm of Chartered Accountants carried out internal audit of the said system. Based on the recommendation / report of the said Internal Auditors which are presented to the Audit Committee, required corrective actions were initiated / taken by the Company.

Internal Financial Controls

The Directors have laid down policies and procedures which are adopted by the company for ensuring the orderly and efficient conduct of its business, including adherence to company‘s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information;

FRAUD :

No fraud is reported by the Auditors of the Company

CORPORATE SOCIAL RESPONSIBILITY :

The Corporate Social Responsibility Committee had formulated and recommended to the Board a Corporate Social Responsibility Policy which has been approved by the Board. The other details of the CSR activities as required U/s. 135 of The Companies Act, 2013 are given in the CSR Report as Annexure to Directors' Report.

RISK MANAGEMENT POLICY :

The Company has put in place Risk Management Plan. The Company has identified following elements of risk which in the opinion of the Board may threaten the existence of the Company:

1. Severe simultaneous drought in those Soya producing countries of the world on which Indian Crude Soya Oil refining is partly dependent.

2. Development of new and substantially cheaper manufacturing technologies using altogether new inputs for making various kinds of resins which are required for making paints, printing ink, hardeners.

The Company has identified other hard vegetable oils such as Palm to which it can switch over to in the extreme event of non-availability of soya based raw materials throughout or major part of the year.

AUDITORS :

The auditors M/s. Price Waterhouse & Co Chartered Accountants LLP were appointed at the 31st Annual General Meeting held on September 9, 2016 for a term of five years, from the conclusion of 31st AGM till the conclusion of 36th AGM to be held in the year 2021.

SECRETARIAL AUDIT REPORT :

As required by Section 204 of The Companies Act, 2013 read with The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board has appointed M/s. Parikh Dave & Associates, Company Secretaries, Ahmedabad, a firm of Company Secretaries in Practice to conduct Secretarial Audit for the Financial Year 2018-19. The Report of the Secretarial Audit for the financial year ended on March 31, 2019 is annexed as Annexure to this Report.

CONFIRMATION OF COMPLIANCE OF SECRETARIAL STANDARDS :

As required under ‘revised' SS-1 - Secretarial Standards on meetings of the Board of Directors which has come into effect form October 01, 2017, the company confirms compliances of applicable secretarial standards.

COST AUDITOR :

As per the Companies (Cost Records and Audit) Rules, 2014 as amended by Companies (Cost Records and Audit) Amendment Rules, 2014, issued by the Central Government, the Company is required to get its cost records maintained by it for the products covered under Chapters 2917 and 3823 of Sr. No. 18 of table mentioned under Rule 3 (B) - Non-regulated Sectors audited by a Cost Auditor. Accordingly, the Board of Directors, as per the recommendation of the Audit Committee, have appointed M/s. Rajendra Patel & Associates, Cost Accountants as Cost Auditors for the financial year 2019-20.

VIGIL MECHANISM :

As required under Companies Act and SEBI (LODR) Regulations, the Company has put in place Vigil Mechanism /Whistle Blower Policy for Directors and Employees so that the Directors can report concerns about unethical behaviour, actual or suspected fraud or violation of the Company's Code of Conduct Policy Disclosure as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 :

The Company has adopted a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules made thereunder and has complied with the provision relating to the constitution of Internal Complaints Committee. During the year, no complaint of sexual harassment was received by the Company.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND FOREIGN EXCHANGE EARNINGS AND OUT GO :

A. Conservation of Energy

a. Steps taken or impact on conservation of energy : None

b. Steps taken by the Company for utilizing alternate source of energy : None:

c. Capital Investment on energy conservation equipments : NIL

d. Statement of Power and Fuel Consumption as per statement annexed.

As per annexure attached.

B. Technology Absorption

(i) the efforts made towards technology absorption; None

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution;

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the year under reference) -

a) details of the technology imported; NIL

b) the year of import; Not Applicable

c) whether the technology has been fully absorbed - Not Applicable and if not, areas where absorption has not taken place, and the reasons thereof; Not Applicable

(iv) the expenditure incurred on Research and Development. - द 277.60 Lakhs

C. Foreign exchange earnings and Outgo - Foreign Exchange Earnings : द 2,597.85 Lakhs Foreign Exchange Outgo : द 1,176.77 Lakhs

Extract of Annual Return:

The details forming part of the extract of Annual Return in Form MGT-9 is annexed herewith as Annexure to this Report.

ACKNOWLEDGMENTS:

Your Board of Directors wishes to place on record its appreciation to the contribution made by the employees of the company. The company has achieved impressive growth through the competence, hard work, solidarity, cooperation and support of employees at all levels. The Directors also wish to thank the Government authorities, bank and shareholders for their cooperation and assistance extended to the company.

For and on behalf of the Board of Directors,
Place : Mumbai Utkarsh Shah
Date : May 09, 2019 Chairman
DIN : 00101663

A. POWER AND FUEL CONSUMPTION

2018-19 2017-18
1. ELECTRICITY
A. Purchased Units 83,46,730 80,22,840
Total Amount (द) 6,32,31,499 6,04,90,514
Rate / Unit (द) 7.58 7.54
B. Own Generation Units 1,16,184 2,66,184
Units per Litre of Diesel 2.7632 3.0993
Average Cost / Unit (द) 23.60 19.66
2. FURNACE OIL
Quantity (in KL) 1,152.677 1,251.760
Total Cost 4,26,40,061 3,42,01,587
Average rate per litre (द) 36.99 27.32
3 LIGNITE / COAL
Quantity (in M.Tons) 9,568.025 9,049.293
Total Cost 65624117 6,04,82,673
Average rate per Kg. (द) 6.86 6.68
4. OTHERS (IF ANY) - -

ADDENDUM TO THE DIRECTORS' REPORT FOR F.Y. 2018-19

To,

The Members,

This 'addendum to the Directors' Report' is being attached to the Directors' Report for financial year ended March 31, 2019 to share with the members following important development post adoption by the Board of Directors of main Directors' Report on May 09, 2019 while approving Audited Financial Statements for the financial year ended on March 31, 2019 and is being issued pursuant to the approval granted by the Board at its meeting held on May 22, 2019.

Announcement of Composite Scheme of Arrangement and Amalgamation:

On May 22, 2019, the Board of Directors considered and approved a Composite Scheme of Arrangement and Amalgamation amongst Fairchem Speciality Limited (“Company” or “Demerged Company” or “Transferee Company”), Fairchem Organics Limited (“Resulting Company”) and Privi Organics India Limited (“Transferor Company”) and their respective shareholders (“Scheme”).

The aforesaid Scheme pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the rules framed thereunder and SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, as amended from time to time, provides inter alia for:

(I) Demerger of the speciality oleo chemicals (natural source) and neutraceuticals (natural source) business of the Company (more particularly set out as ‘Demerged Undertaking' in the Scheme) into the Resulting Company (a wholly owned subsidiary of the Company), in consideration thereof, the Resulting Company will issue 1 fully paid up equity share of R5. 10 each of the Resulting Company for every 3 equity shares of द 10 of the Demerged Company; and

(II) Amalgamation of Transferor Company, a wholly owned subsidiary of the Company, into and with the Company.

Subsequent to the approval as above and its public announcement, the Company had prepared and placed on its website a Presentation explaining the 'Transaction Overview'. The same is available at the following link.

http://www.fairchem.in/investor-relations/Investor-Presentation/Transaction-Overview-Fairchem-&-Privi-Organics.pdf

For and on behalf of the Board of Directors,
Place : Mumbai Utkarsh Shah
Date : May 24, 2019 Chairman
DIN : 00101663

   

Privi Speciality Chemicals Ltd Company Background

Utkarsh B ShahNahoosh J Jariwala
Incorporation Year1985
Registered OfficePlot No A-71 TTC,Thane-Belapur Road
Navi Mumbai,Maharashtra-400709
Telephone91-022-27783040/27783041,Managing Director
Fax
Company SecretaryRajen Jheveri
AuditorPrice Waterhouse & Co Chartered Accountants LLP
Face Value10
Market Lot1
ListingBSE,NSE,
RegistrarLink Intime India Pvt Ltd
C-101 247 Park ,L B S Marg ,Vikhroli West ,Mumbai-400083

Privi Speciality Chemicals Ltd Company Management

Director NameDirector DesignationYear
Nahoosh J Jariwala Managing Director 2019
Utkarsh B Shah Chairman 2019
Rajen Jheveri CFO & Company Secretary 2019
Sumit Maheshwari Director 2019
Mahesh Babani Managing Director 2019
D B Rao Director 2019
Rajesh Budhrani Independent Director 2019
Radhika Pereira Independent Director 2019
P R Barpande Independent Director 2019

Privi Speciality Chemicals Ltd Listing Information

Privi Speciality Chemicals Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Products NA 000248.456
Other Operating Income NA 0001.4149
Deodorizer Distillate MT 0000
Others NA 0000
Fatty Acids MT 0000
Dimer Fatty Acid MT 0000
Fatty Oil. NA 0000

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