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The subsidiary has been set up with an initial paid-up and authorized share capital of Rs 1 lakh, with Jyoti Resins & Adhesives holding 100% equity ownership in the entity. While the foundation's operations are yet to commence.
Jyoti Resins and Adhesives is in the business of manufacturing high-grade synthetic wood adhesives with its EURO7000 brand. The company has a huge plant with the capacity of 2000 tons/month.
The company's standalone net profit rose 5.4% to Rs 19.78 crore on a 10.3% jump in net sales to Rs 78.61 crore in Q4 FY25 over Q4 FY24.
The counter shed 0.44% to Rs 1,349.55 on the BSE.
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