KSDL presents Rs 108.62 cr dividend to CM

NT Correspondent

Belagavi

Minister for Large and Medium Scale Industries MB Patil and Karnataka Soaps and Detergents Limited (KSDL) Chairman CS Appaji Nadagouda presented a dividend cheque of Rs. 108.62 crore from Karnataka Soaps and Detergents Limited (KSDL) to Chief Minister Siddaramaiah on Tuesday. This amount represents 30 per cent of KSDL's profit of Rs 362.07 crore for the fiscal year 2023-24. It is the highest-ever dividend paid by the enterprise in its history. Additionally, a cheque of Rs 5 crore was handed over to the Chief Minister’s Relief Fund. Speaking on the occasion, Chief Minister Siddaramaiah lauded KSDL’s consistent profitability since 2019-20.

“The enterprise, which paid a dividend of Rs. 15.91 crore five years ago, has now presented a dividend of nearly Rs. 109 crore,” Siddaramaiah said. Minister MB Patil highlighted the government’s initiatives aimed at expanding KSDL’s presence in global markets. Among those present at the event were Additional Chief Secretary LK Atheeq; Department of Industries Principal Secretary S Selvakumar, KSDL Managing Director PKM Prashanth, and company General Manager KL Raveesha.