Camlin Fine Chemicals Ltd Unaudited Financial Results Declared for the Quarter Ended 30th June, 2009

MUMBAI, India -

- PBT up by 19 % to Rs. 197.07 lacs;

MUMBAI, India, July 30 /PRNewswire/ –

- EBIDTA up by 21.4 % to Rs. 462.67 lacs.

MUMBAI, India, July 30 /PRNewswire/ –

- Sales/Income From Operations up by 24%

Camlin Fine Chemicals Ltd., today announced its financial results for the quarter ended 30th June, 2009. The company posted profit before tax of Rs. 197.07 lacs, EBIDTA of Rs. 462.67 lacs and announced that the Sales/Income from operations have grown by 24%.

Performance highlights for the Quarterly results - EBIDTA stood at Rs. 462.67lacs during the quarter ended 30th June, 2009 as against Rs.381.22 lacs during the same period of previous year, thereby registering a growth of 21.4%. - Profit before tax stood at Rs. 197.07 lacs during the quarter ended 30th June, 2009 as against Rs.165.57 lacs during the same period of previous year, thereby registering a growth of 19 %. - Sales/Income from Operations stood at Rs. 2604.19 lacs during the quarter ended 30th June, 2009 as against Rs.2098.19 lacs during the same period of previous year, thereby registering a growth of 24%. CAMLIN FINE CHEMICALS LIMITED Regd. Office:Camlin Fine Chemicals Ltd.,ICC Chambers, 3rd Floor, Saki Vihar Road Mumbai 400072. Tel:28479609/9610 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE ,2009 Rupees in Lacs Sr. Particulars UNAUDITED AUDITED No. Quarter Ended Year Ended 30.06.2009 30.06.2008 31.03.2009 1 (a) Gross Sales/Income from Operations 2,604.19 2,098.19 10,276.15 Less: Excise Duty 38.06 57.52 225.90 Net Sales/Income from Operations 2,566.13 2,040.67 10,050.25 (b) Other Operating Income 3.56 3.10 14.23 Total Income (a+b) 2,569.69 2,043.77 10,064.48 2 Expenditure a) (Increase)/Decrease in Stock in Trade & W.I.P 54.10 (145.17) (1,206.08) b) Consumption of Raw Materials 1,494.94 1,176.73 6,096.44 c) Purchase of Traded Goods 48.79 18.27 420.99 d) Employees Cost 133.47 127.90 541.65 e) Depreciation 116.00 99.75 401.13 f) Other Expenditure 385.50 492.57 2,779.30 g) Total Expenditure (a+b+c+d+e+f) 2,232.80 1,770.05 9,033.43 3 Profit from Operations before Other Income, Interest and Exceptional Item (1-2) 336.89 273.72 1,031.05 4 Other Income 9.78 7.75 42.93 5 Profit before Interest and Exceptional Items (3+4) 346.67 281.47 1073.98 6 Interest 149.60 115.90 553.46 7 Profit after Interest but before Exceptional Items (5-6) 197.07 165.57 520.52 8 Exceptional Items - - - 9 Profit from Ordinary Activities before tax (7+8) 197.07 165.57 520.52 10 Tax expenses 66.54 49.00 182.04 11 Profit from Ordinary Activities after tax (9-10) 130.53 116.57 338.48 12 Extraordinary item (net of tax expenses) - - - 13 Net Profit for the period (11-12) 130.53 116.57 338.48 14 Paid-up Equity Share Capital (Face Value Rs.10/- per share) 580.00 580.00 580.00 15 Reserves excluding Revaluation Reserves (as per Balance Sheet of previous accounting year) 2,363.53 16 Earnings per Share (EPS) Basic 2.25 2.01 5.84 Diluted 2.25 1.98 5.84 17 Public Shareholding Number of Shares 2,126,779 2,870,426 2,126,779 Percentage of Shareholding 36.67 49.49 36.67 18 Promoters and promoter group Shareholding a) Pledged / Encumbered - Number of Shares 60,000 - 60,000 - Percentage of share (as a % of the total shareholding of Promoter group) 1.63 - 1.63 - Percentage of share (as a % of the total share capital of the Company) 1.03 - 1.03 b) Non - Encumbered - Number of Shares 3,613,221 - 3,613,221 - Percentage of share (as a % of the total shareholding of Promoters & Promoter group) 98.37 - 98.37 - Percentage of share (as a % of the total share capital of the Company) 62.30 - 62.30 Notes: 1 The above results have been reviewed by Statutory Auditor and the Audit Committee and have been taken on record at the meeting of the Board of Directors held on July 29, 2009. 2 In the light of AS-17 Segmental Reporting, the Company operates in a single business segment namely “Fine Chemicals” and there is no reportable geographical segment. 3 No provision has been made for Fringe Benefit Tax during the quarter ended 30-06-2009, which is proposed to be abolished by the Finance Bill (No.2) 2009. 4 Promoter & Promoter Group have not exercised their right for conversion of 15,50,000 Equity Warrants allotted to them on 21st December 2007 which were due for conversion by 20th June 2009. The right for conversion has since been expired on 20th June 2009. Application money of Rs.80.60 lacs received from them has been forfeited as per terms of issue of such warrants 5 There were Nil Investor complaint pending at the beginning of the quarter. The Company did not receive any Investor complaint during the quarter. 6 The figures of the previous period have been regrouped/rearranged wherever necessary. By the Order of the Board Place: Mumbai Ashish Dandekar Date: 29th July 2009 Managing Director

Camlin Fine Chemicals Ltd, the world’s largest manufacturers of food grade antioxidants, TBHQ and BHA having registered a growth of 24% on sales revenue in the first quarter of 2009, will be adding 3 new products in the 2nd quarter of 2009 to propel growth.

Camlin Fine Chemicals Ltd’s subsidiary, Fine Renewable Energy , has forayed the group in the renewable energy segment , generating electricity from renewable sources like wind, solar, hydro. The innovative concept is the Hybrid solution of wind, solar and hydro to generate electricity anywhere, anyplace.

A brief profile of Camlin Fine Chemicals

Camlin Fine Chemicals Ltd is a multiproduct manufacturing and marketing Company, having customer base spread across 45 countries worldwide including India and products having applications like processed foods, edible oils, paints, polymers, alternative fuels (biodiesel), rubber, health and pharmaceuticals. The Company maintains its status as the world’s largest manufacturer and exporter of food grade antioxidants viz. TBHQ and BHA.

The Company has a strong Research and Development backbone, which is constantly innovating the manufacturing process, improving yield and ingredients to reduce the costs and be competitive. The manufacturing team is focussed on reducing the costs by bringing in the modern techniques and machines to reduce labour and power cost. In view of this the Company is well prepared and has established benchmarking parameter for its different business process to be globally competitive. The Company has the prestigious HACCP Certificate (Hazard Analysis of Critical Control Points), which is a confirmation of its strong R&D and Quality Control.

Source of information: Chief Financial Officer, Camlin Fine Chemicals

Media contact: Saumil Padhya, email: saumil.padhya@camlinfinechemicals.com +91-22-2847-9609/10 (Extension: 304)

Source: Camlin Fine Chemicals Ltd

Media contact: Saumil Padhya, email: saumil.padhya at camlinfinechemicals.com, +91-22-2847-9609/10 (Extension: 304)