Brief: S H Kelkar And Company Unit To Close Fragrance Ingredients Manufacturing Facility, Research Activity In The Netherlands
07/02/2020 11:05
Feb 7 (Reuters) - S H Kelkar and Company Ltd SHKE.NS :
* TO CLOSE FRAGRANCE INGREDIENTS MANUFACTURING FACILITY AND
RESEARCH ACTIVITY IN THE NETHERLANDS
* SUBSTANTIAL PART OF CLOSURE EXPENSE IS A NON-CASH
IMPAIRMENT
CHARGE
* BOARD APPROVED ONE-TIME EXCEPTIONAL EXPENSE OF 365MLN
RUPEES ON
ACCOUNT OF IMPAIRMENT OF PLANT & MACHINERY & OTHER CLOSURE COST
Source text for Eikon: ID:
Further company coverage: SHKE.NS
((Reuters.Briefs@thomsonreuters.com;))
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