The Board of Directors of Anupam Rasayan India Limited has considered and approved the raising of funds for an aggregate amount not exceeding Rs 800 crore through issue of equity shares by way of a qualified institutions placement, in accordance with the relevant provisions of applicable laws and subject to approval of the company's shareholders and receipt of applicable regulatory approvals.

The company posted a 116% growth in its consolidated net profit at Rs 152 crore for the fiscal 2021-22. The company’s revenues grew 31% during the fiscal year at Rs 1,066 crore against Rs 810 crore in FY 2021. Net profit in Q4 more than doubled and reached Rs.46.102 crores as against Rs.22.144 crores last year.

Anand Desai, Managing Director, Anupam Rasayan, said, “We have delivered a robust year registering a total revenue growth, mostly driven by a healthy volume ramp-up.”