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Kiri Industries informs about updates

08 Feb 2023 Evaluate

Kiri Industries has informed that, the Singapore International Commercial Court (‘SICC’) has delivered the judgement today relating to the valuation of Company’s stake in DyStar. The SICC has decided computation base of 53,550 tonnes annually to be considered for computation of patent licence fees. This decision will substantially increase the amount of patent license fees to be added in valuation of company’s stake in DyStar. The SICC has further directed both the parties to submit their revised agreed calculation within 21 days for: The notional licence fee based on 53,550 tonnes for the Related Products and the valuation of Company’s shareholding in Dystar based on the notional license fee, after adjusting for the fact that discount for lack of marketability is not a relevant adjustment as found by the Court of Appeal. It has attached copy of the SICC judgement dated 8 February 2023.

The above information is a part of company’s filings submitted to BSE.


Kiri Industries Share Price

419.00 -1.95 (-0.46%)
17-Apr-2026 16:59 View Price Chart
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