Kamdhenu ends FY21 on a strong note

Kamdhenu Limited has declared its audited financial results for the quarter and year ended March 31, 2021.

According to a press release, the growth momentum of the company continued in Q4 FY21 with unlock of economy and strong demand from urban areas and metros. Despite COVID-19, the company has grown on sequential basis.

The paint business contributed 30.3 of Revenues in Q4 FY21 and the focus is on increasing share of premium and environment-friendly products, it said further.

The draft scheme of arrangement including the demerger of paints business in a separate company has been filed with the National Company Law Tribunal, Chandigarh Bench, for its approval on March 15 whereas NSE and BSE have issued observation letters on the scheme of arrangement on September 28 last year.

Satish Kumar Agarwal, Chairman & Managing Director, said: “Despite the challenging year, we have ended FY21 on strong note. We have delivered a steady performance in a year that has been marked by uncertainty due to COVID-19.”