Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
DMCC Speciality Chemicals Limited ( (IN:DMCC) ) has shared an announcement.
DMCC Speciality Chemicals Limited has disclosed that the Shipping Corporation of India Limited has filed a commercial suit against the company in the City Civil Court, Mumbai. The dispute relates to charges for cleaning, stowing, restowing and restuffing at various ports during a voyage carrying the company’s cargo from Nhava Sheva to Antwerp.
The total claim in the litigation amounts to Rs 2.48 crore plus applicable interest, though the final financial impact will only be known after the case is resolved. DMCC has stated that the matter is at an initial stage and that it does not expect any material adverse effect on its financial position or business operations from this litigation.
More about DMCC Speciality Chemicals Limited
DMCC Speciality Chemicals Limited, formerly known as The Dharamsi Morarji Chemical Company Ltd, operates in the speciality chemicals industry. The company focuses on manufacturing chemical products and serves both domestic and international markets, relying on maritime logistics for export of its cargo.
Average Trading Volume: 1,766
Technical Sentiment Signal: Sell
Current Market Cap: 5.47B INR
For an in-depth examination of DMCC stock, go to TipRanks’ Overview page.