Q1 FY23 Concall is available
On Dystar case
Aug last week written submission on license issue to be given to SICC… end award may increase from 1-40 million $. (1 being senda submission and 40 kiri’s submission)
As per mgmnt 3-4 weeks may be taken by SICC to decide on final valuation and then recovery process by Kiri is expected to start
As per dystar and senda financial reports, Enough financial strength with them to pay kiri 600m$+
Mgmnt confident on legal battle coming to its end
End proceeds majority will go to capex in non dye business and some part may be used for special dividend/buyback based on boards decision
Legal expenses may reduce from Rs.16 cr to close to Rs. 5-6 cr in Q2 FY23
On standalone basis:-
Volatile raw material prices and cost of production cheap in china by 15-20% than india
Expected to better the performance in Q2 FY23
Fellow Valuepickr members – would love ur views on price pressure from regular selling by LGOF in open market at the fag end of legal process
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