Deepak Chemtex Limited has announced a board meeting to approve the financial results for the quarter and half-year.

The company has incorporated a wholly owned subsidiary, Atlas Tints Inc. (USA), focused on dyes and colourants, to expand its overseas business.

This subsidiary was acquired through a nominal cash consideration of Rs. 82 for 100 shares at $0.01 each.

The move enhances Deepak Chemtex’s global footprint, potentially boosting growth prospects by tapping into international markets.