| Purpose | AGM Date | Announcement Date |
|---|---|---|
| AGM | 26 Jun 2024 | 1 May 2024 |
| Outcome of Board Meeting with respect to Standalone and Consolidated audited financial results for the quarter and year ended 31st March 2024 Notice of 26th Annual General Meeting of Adani Wilmar Ltd to be held on Wednesday 26th June 2024 at 11:30 AM (As Per BSE Announcement Dated on: 01/06/2024) Proceedings of 26th Annual General Meeting of the Company. (As per BSE Announcement Dated on 26/06/2024) Scrutinizers Report for 26th Annual General Meeting (As per BSE Announcement Dated on 27/06/2024) | ||
The foods and FMCG segment displayed steady growth momentum, posting a 26% YoY improvement in both volume and revenue.
According to the corporate filing, the expansion was accomplished in spite of large price increases brought on by an increase in the cost of raw materials.
AEL sold its remaining 13% stake through an Offer for Sale, while the remaining 31% stake is being bought by Lence, a subsidiary of Wilmar International.
The dominant owners of Adani Wilmar currently hold 86.8% of the company, which is significantly more than the 75% maximum allowed.
Meanwhile, shares of Adani Ports and Adani Power rose 4.6%, Adani Green Energy rose 6.4%, and Adani Total Gas rose 5%.
Here are some of the stocks that may see significant price movement today: Titan Company, HDFC Bank, IndusInd Bank, etc.
The acquisition is part of AWL’s strategy to diversify and expand its footprint in the specialty chemicals sector.
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