* - Tentative Dates
The Objects of the Issue are:
1. Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters.
2. Towards meeting working capital requirements; and
3. General Corporate Purposes
Diligent Industries Ltd.'s revenue decreased by -0.9% and profit after tax (PAT) dropped by -6.17% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 115.55 | 90.29 | 57.16 |
| Revenue | 123.95 | 125.08 | 103.45 |
| Profit After Tax | 2.03 | 2.16 | 1.37 |
| Net Worth | 17.93 | 15.91 | 13.75 |
| Reserves and Surplus | 6.50 | 4.47 | 2.31 |
| Total Borrowing | 57.06 | 48.37 | 31.36 |
| Amount in โน Crore | |||
Diligent Industries is engaged in the business of manufacturing, processing and trading edible oils, foods, feeds, and agricultural commodities in India.
The company has a processing plant in Denduluru, West Godavari, Andhra Pradesh, for extracting edible oils, with a production capacity of 250 tonnes per day. It produces various edible oils, including rice bran oil, cotton oil, and palm carnal oil.
In the cattle feed segment, it supplies palm kernel cake, De oiled rice bran, De oiled Cotton Seed Cake, Maize, and soya. It also offers agricultural commodities, such as maize paddy, rice, soya, etc. The firm has a rice processing plant with a capacity of 100 tonnes/day.
Recently, the company has expanded into the Edible Oil Refinery segment.