A meeting of the board of directors of BASF India Ltd is scheduled on January 27, 2003 to consider and take on record, inter alia, the unaudited financial results (provisional) for the quarter ended December 31, 2002.
BASF India Ltd has posted a net profit of Rs 55.10 million for the quarter ended December 31, 2002 as compared to Rs 74.20 million in the quarter ended December 31, 2001.
Cochin Shipyard, BASF India, Ingersoll Rand, Eicher Motors, Federal Bank, and Timken India are some of the firms where voting could have got affected, sources said.
Germany-based BASF, the world's largest chemical manufacturer, acquired Swiss chemical maker Ciba last year in a $3.27 billion transaction.
BASF India reported a 20 per cent increase in profit before tax compared to the previous year.
The environment ministry is likely to allow generic modification of food crops.
Sustained growth only if domestic manufacturing rises
There is nothing specific announced for Chemicals Industry, however, reduction in customs duty
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
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