The announcement was made after market hours on Thursday, 28 December 2023.

Manorama Industries is a global pioneer in the manufacturing of specialty fats from tree-borne and plant-based seeds. The Group has a history of many decades which started with extracting butter and fats from sal seed and mango kernel and gradually forayed into exotic products and specialty fats.

The company had reported 47% jump in net profit to Rs 8.61 crore on a 46% increase in income from operations to Rs 117.73 crore in Q2 FY24 over Q2 FY23.

The scrip rose 0.98% to currently trade at Rs 1897.10 on the BSE.