The board of directors of has decided to convene an Extraordinary General Meeting on 24 September 2021 through video conferencing or any other audio-visual means in order to seek the approval of the shareholders of the company for the proposed fund raising.
Shares of Phillips Carbon were trading 0.62% lower at Rs 240.1 on BSE. Phillips Carbon Black, a part of RP-Sanjiv Goenka Group, is India's largest carbon black manufacturer.
On a consolidated basis, the company reported a sharply higher net profit of Rs 104 crore on a higher net sales of Rs 1,003 crore in Q1 FY22 over Q1 FY21.
