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Camlin Fine Sciences Ltd Q1FY22 consolidated PAT climbs to Rs 22 35 crores
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Camlin Fine Sciences Ltd leads losers in A group
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Camlin Fine Sciences Ltd posts Rs 14 26 crore consolidated PAT in Q4FY21
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Camlin Fine Sciences Ltd updates on penalty levied to Chinese JV
Posted On: 2021-02-28 20:57:43 (Time Zone: Arizona, USA)
The joint venture partner Wanglong Technology Company Limited ( Wanglong Technology ) on 28th February, 2021 that a penalty of RMB 159.32 million has been levied by Supreme Court of China on Wanglong Technology for alleged infringement of intellectual property used in the process for manufacturing Vanillin. Out of the total penalty imposed on Wanglong Technology, 7% of the aforesaid penalty amounting to RMB 11.15 million has been attributed to our joint venture, namely CFS Wanglong Flavors (Ningbo) Company Limited ( CFS Wanglong ). CFS Wanglong is a joint venture of the Company in which Wanglong Technology hold 49% and the Company holds 51%.