Alkyl Amines Chemicals Ltd

Resolutions

• Item 1 (Special): Re-designate Yogesh M. Kothari as Executive Chairman, Oct 1, 2026 to Mar 31, 2030.
• Item 2 (Special): Re-designate Kirat M. Patel as Joint MD, Oct 1, 2026 to Dec 31, 2029.
• Item 3 (Special): Re-designate Suneet Y. Kothari as Joint MD, Oct 1, 2026 to Dec 31, 2029.
• Item 4 (Special): Re-designate Rakesh Goyal as Executive Director (Operations), Apr 1, 2027 to Mar 31, 2032.
• Item 5 (Special): Authorize payment of commission to Non-Executive Directors for 5 years from Apr 1, 2027.

Timeline

• Cut-off date for postal ballot: Aug 14, 2026.
• Remote e-voting period: Aug 21, 2026 to Sept 19, 2026.
• Results announced by Sept 22, 2026.

Meeting Details

• Board meeting on August 4, 2026 to consider unaudited results for the quarter ended June 30, 2026.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.

Other Notes

• No additional material notes disclosed.

AGM Details

• AGM held on July 3, 2026 at 3:00 PM IST via Video Conferencing.
• Record date: June 26, 2026; on-record shareholders: 146,471.
• Deemed venue: registered office; attendance via VC: promoters 7, public 51.
• Notice dispatched June 9, 2026; annual report available online.

Key Resolutions

• Resolution 1 (Ordinary): Adopt audited financial statements for year ended March 31, 2026; passed.
• Resolution 2 (Ordinary): Declare dividend of Rs 10 per share; passed.
• Resolution 3 (Ordinary): Appoint director retiring by rotation; offers re-appointment.
• Resolution 4 (Ordinary): Ratification of remuneration to Cost Auditor; passed.

Dividend

• Dividend of Rs 10 per share approved.

Director & Auditor Updates

• Director re-appointment approved; retires by rotation and offers himself for re-appointment.
• Cost Auditor remuneration ratified.

Related Parties / Other Approvals

• No material related party transactions were approved.

Dematerialisation status

• Details of dematerialised securities were furnished to the stock exchanges.
• Securities dematerialised were listed on stock exchanges where the existing shares are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

AGM Details

• Date: 3 July 2026; mode: VC/OAVM; meeting time: 03:00–03:50 PM IST.
• Remote e-voting: 30 June 2026 09:00 to 2 July 2026 17:00 IST.
• Auditors' reports are unqualified.

Key Resolutions

• Adopt audited financial statements for the year ended March 31, 2026 (Ordinary).
• Declare dividend of Rs 10 per share on face value Rs 2 (Ordinary).
• Re-appoint director Premal N. Kapadia, retiring by rotation (Ordinary).
• Ratify remuneration to M/s. Manish Shukla & Associates, Cost Auditors, for FY 2027 (Special).

FY26 results

• Top line and bottom line were flat, within plus/minus 1% versus last year.
• FY26 volume and value were broadly flat; volume likely declined about 1%.
• Overall production was about 1% higher than last year.
• March operations faced ammonia sourcing issues, but plants largely kept running.

Pricing and margins

• Raw material prices rose after the war, and finished goods prices were raised.
• Temporary margin benefit came from old inventory and higher selling prices.
• Management expects margins to improve next year, but not necessarily every year.
• Pre-February price levels are unlikely to return soon, according to management.

Demand and capacity

• Current customer demand has not shown major disruption yet.
• Most products are a small cost item for customers, limiting demand impact.
• Plants are running at about 60% to 85% utilization.
• Ethylamines capacity is sufficient for 4 to 5 years; methylamines has overcapacity.

Projects and capex

• Kurkumbh project commissioning slipped to early next quarter.
• Project economics were not affected by the delay.
• FY27-FY28 capex is estimated at INR80 crores to INR90 crores.
• Most capex is for the Dahej new product plant, engineering projects, and maintenance.

Q&A Highlights

• Analysts asked about ammonia availability; management said sourcing improved and plants kept running.
• Analysts asked about raw material pass-through; management said higher ammonia costs were passed on.
• Analysts asked about Chinese competition; management said aggressiveness eased and margins may recover.
• Analysts asked about FY27 growth; management said volume growth should be 5% to 10%.
• Analysts asked about ACN pricing; management said it is a bit over INR200 per kg.
• Analysts asked about ethylamines; management said prices and margins have stabilized and improved.
• Analysts asked about methylamines; management said new competition will keep pressure on utilization.
• Analysts asked about green ammonia; management said it may take 3 to 5 years before breakthroughs.