Punjab Chemicals slides as CFO Ashish R Nayak resigns

Ashish R. Nayak has tendered his resignation to explore new opportunities. The management has accepted Ashish's resignation. Nayak will be relieved from his duties within the stipulated time as per terms of his appointment and the rules of the company.

Punjab Chemicals & Crop Protection produces various agrotechnicals, agroformulations, APIs, pharmaceutical intermediates, phosphorous derivatives, and speciality chemicals.

The company's consolidated net profit declined 31.73% to Rs 12.37 crore on 0.02% marginally fell in revenue from operations to Rs 242.13 crore in Q2 FY25 over Q2 FY24.