S H Kelkar and Company Ltd - Business Updates

S H Kelkar and Company Ltd (SHK), the largest Indian origin Fragrance and Flavours Company in India, have provided business updates.

- SHK has won an order in the Home Care segment from a large global MNC player in the domestic FMCG market. Driven by robust R&D capabilities and innovation strategies, SHK is the only Company of Indian origin to file patents in the field of Fragrance and Novel Aroma Molecules. These patented molecules along with SHK's strong & wellknown expertise in the Indian fragrance industry paved the way for this order win. This strategic association will enhance the Company's competitive advantage in the domestic markets and will enable SHK to build its presence in the high-potential global MNC space in the longer term.

- On July 22nd, SHK had temporarily suspended operations at its unit in Mahad on account of unprecedented rains. The Company had undertaken all necessary steps to resume operations at the earliest. Accordingly, the Company's operations and production activities at the Mahad unit have restarted in a calibrated manner from September 1, 2021 onwards. With business continuity plan implemented during the period, SHK continued to cater to customers' demands without any major disturbances. The financial impact due to this disruption was nominal. This recommencement of operations follows receipt of all necessary approvals and is in line with the survey conducted by the Insurance company.

Shares of S H Kelkar and Company Limited was last trading in BSE at Rs. 150.75 as compared to the previous close of Rs. 151.8. The total number of shares traded during the day was 22381 in over 616 trades.

The stock hit an intraday high of Rs. 155 and intraday low of 150.65. The net turnover during the day was Rs. 3410376.

Source : Equity Bulls

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