or) OMKAR SPECIALITY CHEMICALS LIMITED Ropd. & Corporate Ofice: Unit, 8:34, MLD. Badlapur Est, Thane 421 503, Maharashtra Inia MAGE —_ tet: +91 10251) 2687340, 2590651, Fx: +91 (0251) 2697347, 2681572 ‘Fiways the Teaders Email: info@omkerchemicals.com Web. : www.omkarchemical.com CIN: L241 10MH2005PLC151589 Ref. No.: OSCL/SE/2016-17/54 Date: July 13, 2016 To, Corporate Services Department Corporate Services Department BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED P.J. Towers, 1* Floor, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400001. Bandra (E), Mumbai - 400051. BSE Code: 533317 a NSE Symbol: OMKARCHEM ‘SUB: PRESS RELEASE Dear Sir / Madam, We are enclosing herewith Press Release, pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on record and acknowledge receipt. Thanking You, Yours truly, For OMKAR SPECIALITY CHEMICALS LIMITED rae SUNNY PAGARE COMPANY SECRETARY & COMPLIANCE OFFICER M.NO.:A27431. Unit 1, W-92 (A), M0.C., Batlpur (East), Thane 421 603, Maharashtra, India. Te. : «1 (0251) 2696840, Fax: +91 (0251) 2691662 Unit I, F24, M.LD.C, Badlapur (East), Thane - 421 503, Maharashra nda. Tl. : +81 (0251) 2691852, Fax: +91 (0251) 2697673 Unit Il, B-34, M.D.C, Badlapur (East), Thane 421 503, Maharastra, India Tel. : +91 (0251) 2697340, 2690651, Fax: +91 (0251) 2697347, 2691572 Unit IV, F9 & F-10/1, M.LO.C, Badlapur (East, Thane - 421 503, Maharashtra, India, Tel. : (251-2694321 | 2696432, Fax : 0251-2696434 Unit V, 0:27, Lote Parshuram Indutial Area, Taluka Khed, Dist. Ratnagi,Pin-415 722, Maharashre, India Unit Vi B- 15 & B- 16, Lote Parshuram Industrial Area, TalukeKhed, Dist, Ratnagiri, Pin- 415 722, Maharashtra, India, Tel, : 02356-272004 | 272003OMKAR SPECIALITY CHEMICALS LIMITED Regd. & Corporate Office: Unit I, 8:38, M.LD.C,Badlapur (Est), Thane 421 508, Maharashtra, dia @MIKR ter: +91 (0251) 2697340, 690851, Fax: +91 (0251) 2697347, 2691572 Riways the Teaders Emil: info@omkarchenicals com Web. : www.omkarchemicals cam CIN: L241 1OMH2005PLC151589 PRESS RELEASE 7.25 lakh shares sold by Promoters ~ to bring down number of pledged shares Total number of shares de-pledged~ 16.65 lakh shares Proceeds to be used to bring down debt of the Company July 13, 2016, Mumbai: Omkar Speciality Chemicals Limited, have intimated the Stock Exchanges of the recent selling of the shares by the Promoter group. Details of Pledged Shares: Total No of shares of Promoter | No of shares sold by | No of Shares De-pledged Group that was pledged Promoters, 17,25,035 16, 254 Management comments on the sale of shares: Commenting on the share selling, Mr. Pravin Herlekar ~ CMD, Omkar Speciality Chemicals Ltd., said, “The shares sold by the Promoter Group, have been towards the repayment of loans against which the shares were pledged. The amount that was received is being utilized to reduce the debt of the Company, consequently bringing down the high interest costs that we currently bear. This fact is also highlighted in the respective disclosures about sale of shares posted by us on the Exchanges from time to time, The company's operations are consistent on account of diversity in various niche products & wide customer base. Moreover, the EBIDTA margins are also reasonably strong and sustainable, Hence the management has decided to make every attempt to reduce the finance cost which can lead to enhanced profitability & EPS. We wish to reiterate that we are committed to the future growth of the Company and reduction in debt will pave way for improving operational margins in the Company. We are Confident that this will lead to enhanced profitability, creating value for our Company” A MLD, Balapur Eas, Thane 421503, Maharashtra, India. Te : +81 (0251) 2698840, Fax: «91 (0251) 2691662 Ut HAE26 MiG Bape, Tm 421503 Matra Ino Te 81 (21) 2601852 ax 81 (251) 200773 Until, 34, MAD.C, Balpur East, Thane 421 503, Maharashtra, na Tel. : +81 (0251) 2697340, 2690661, Fax: +91 (0251) 2607347, 2691872 Unit W,F9 & 10/1, MLLD.C, Badlapur Eas, Thane 421 503, Maharashtra, India Te: 0251-2684321 | 2696432, Fax: 0261-2696434 Unt V, 0.2785 ate Patshura Indust! Area, Taluka Kod, Dist, Ratnag, in -415 722, Maharastra, na Usit- Vi B- 15 &B- 16 Lote Parshuram Industria re, Taluka Khe, Ds. Ratna, Pin - 15 722, Maershr, Ind, Tol 02956-27208 | 272003About Omkar Speciality Chemicals Limited: Omkar Speciality Chemicals Limited is amongst the leading manufacturers of Specialty Chemicals ond Intermediates for Chemical and Allied industries. The Company has total 6 Units, of which 4 Units are located in Badlapur, and the other 2 units are located in Chiplun, Ratnagiri. Omkar Speciality Chemicals Limited exports to over 38 countries across Europe, Canada, Asia, South America & Australia. The Company's association with leading organizations in India and abroad has expanded their business, across different product lines and develop new molecules as per the specific requirements of their valued customers. For more details please visit: www.omkarche For any Investor Relations query, please contact: icals.com ‘Omkar Herlekar ‘Amit Sharma Whole Time Director Bridge Investor Relations Pvt Ltd Omkar Speciality Chemicals Limited | Phone: +91-22-26873003 Emoil:omkar@emborchemical.com | Email omit@bridge-i.com Note: Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other ‘isk factors, viewers are cautioned not to place undue reliance on these forward looking statements. Omar Speciality Chemicals Ltd will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.