Meghmani Finechem Limited (MFL), a leading manufacturer of Chlor-Alkali products and value-added derivatives, will get listed both on NSE (National Stock Exchange of India Limited) and BSE stock exchanges tomorrow.

The shareholders of Meghmani Organics Limited (MOL) were allotted 94 fully paid equity shares of face value of Rs. 10 of MFL for every 1,000 fully paid equity shares of MOL of face value Rs. 1. Tomorrow 4,15,50,158 equity shares of Rs. 10 of MFL will get listed on the stock exchanges and trading will commence.

Commenting on the occasion, Maulik Patel, Chairman & Managing Director, Meghmani Finechem Limited said, “I would like to welcome all shareholders of Meghmani Finechem Limited to be part of our stakeholders and to join hands in contributing to our growth journey. The listing of Meghmani Finechem Limited as a separate and independent entity on the exchanges is aligned with the long term vision of the management. The restructuring would entail several benefits of a separate and independent listed entity leading to unlocking of shareholder value for both the companies. It enables investors to hold investment in the business with different characteristics which best suits their investment strategies and risk profiles. It allows a focused strategy and specialization of sustained growth for both the businesses, simplifying the holding structure."

"MFL is focused on strengthening its fully integrated complex for manufacturing Chlor-Alkali and its derivative business, further to get in specialty products, MFL is getting in to Epichlorohydrin and CPVC Resin, which is expected to get commissioned in FY23,” added Patel.

Meghmani Finechem Limited has state of the art manufacturing facilities in Dahej, a leading PCPIR region in the country. MFL’s Dahej facility is a fully integrated complex with a well-established infrastructure and captive power plants. The company is India’s 4th largest manufacturer of Caustic Soda, Chlorine, and Hydrogen and a leading manufacturer of Caustic Potash Chloromethanes and Hydrogen Peroxide.

MFL is now expanding its product base to include value-added derivative products like Epichlorohydrin (ECH) and Chlorinated Polyvinyl Chloride (CPVC), which are a key raw material for multiple end user industries but are currently fully imported. The company is focused on sustainable value creation for all its stakeholders and has recently been awarded a Responsible Care certificate.

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