Alkyl Amines seeks approval for director re-designations and commission

Alkyl Amines Chemicals has initiated a postal ballot process to seek shareholder approval for significant changes in its board structure and director remuneration policies. The company aims to formalize leadership transitions by re-designating its current top executives into new roles, ensuring continuity in management while aligning with regulatory requirements for directors over the age of seventy.

The postal ballot notice, issued pursuant to Section 110 read with Section 108 of the Companies Act, 2013 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines five special resolutions for member consideration. These resolutions focus on the re-designation of existing directors and the appointment of new executive roles, effective from October 1, 2026, and April 1, 2027.

Key Resolutions for Shareholder Approval

The Board of Directors, at its meeting held on August 4, 2026, recommended the following special resolutions:

Re-designation of Yogesh M. Kothari: Approval for his re-designation as Executive Chairman from October 1, 2026, until March 31, 2030. This change is required as he has crossed seventy years of age, necessitating a special resolution under the Companies Act.
Re-designation of Kirat M. Patel: Approval for his elevation from Executive Director to Joint Managing Director, effective October 1, 2026, until December 31, 2029. Similar to Mr. Kothari, this requires shareholder approval due to his age exceeding seventy years.
Re-designation of Suneet Y. Kothari: Approval for his elevation from Executive Director to Joint Managing Director, effective October 1, 2026, until December 31, 2029. His aggregate remuneration with Mr. Yogesh M. Kothari exceeds 5% of net profits, triggering the need for a special resolution under SEBI Listing Regulations.
Appointment of Rakesh Goyal: Approval for his re-designation and appointment as Executive Director (Operations) for five years, from April 1, 2027, to March 31, 2032.
Director Commission Authorization: Authorization for payment of commission to Non-Executive Directors at a rate not exceeding 1% of net profits for five years, starting April 1, 2027.

Voting Schedule and Process

Shareholders holding equity shares as on the cut-off date of August 14, 2026, are eligible to vote via remote e-voting through National Securities Depository Limited (NSDL). The voting window opens on August 21, 2026, at 9:00 am and closes on September 19, 2026, at 5:00 pm. Results will be declared on or before September 22, 2026.

Event	Date	Time
Cut-off date	August 14, 2026	-
Voting commencement	August 21, 2026	9:00 am
Voting end	September 19, 2026	5:00 pm
Result declaration	On or before September 22, 2026	-

The company emphasized that the notice is being sent only through electronic mode to members with registered email addresses. Those without registered emails must follow specific procedures outlined in the notice to receive credentials for e-voting. The scrutinizer appointed for the process is Mr. Prashant S. Mehta of P. Mehta & Associates.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.99%	-0.80%	+4.06%	+23.03%	-8.86%	-55.29%

Alkyl Amines Chemicals reported a robust set of financial results for the quarter ended June 30, 2026, with net profit surging 91% year-on-year to ₹94.63 crore. The significant earnings growth, supported by a 30% increase in revenue from operations to ₹528.01 crore, reflects strong operational efficiency and margin expansion in the specialty chemicals segment. Alongside the financial results, the Board of Directors approved strategic re-designations of key leadership roles to ensure continuity and succession planning.

Strong Revenue and Profitability Growth

Revenue from operations for Q1FY26 stood at ₹528.01 crore, up from ₹405.53 crore in the corresponding quarter of FY25. This top-line growth was accompanied by substantial margin improvement. Profit before tax rose sharply to ₹124.67 crore from ₹66.34 crore YoY. Net profit after tax was ₹94.63 crore vs ₹49.44 crore YoY.

The following table summarises the key financial metrics for Q1FY26 on a year-on-year basis:

Metric	Q1FY26 (₹ Cr)	Q1FY25 (₹ Cr)	Change
Revenue from Operations	528.01	405.53	+30.2%
Total Revenue	537.31	413.49	+29.9%
Profit Before Tax	124.67	66.34	+87.9%
Net Profit After Tax	94.63	49.44	+91.4%
EPS (Basic)	₹18.50	₹9.67	+91.3%

Margin Expansion and Operational Efficiency

The company demonstrated improved cost management, with total expenses rising to ₹412.64 crore from ₹347.15 crore year-on-year, a growth rate lower than revenue expansion. Cost of materials consumed increased to ₹316.09 crore from ₹218.31 crore, while employee benefit costs rose to ₹36.31 crore from ₹27.30 crore. The profit before tax margin expanded significantly, driving the near-doubling of net profit. Earnings per share (basic) jumped to ₹18.50 from ₹9.67 in the previous year's quarter.

Board Approves Director Re-designations

In a separate resolution, the Board approved the re-designation of several directors effective October 1, 2026, subject to shareholder approval via postal ballot:

Yogesh M. Kothari: Re-designated as Executive Chairman (Whole-time Director) until March 31, 2030.
Kirat M. Patel: Re-designated as Joint Managing Director until December 31, 2029.
Suneet Y. Kothari: Re-designated as Joint Managing Director until December 31, 2029.
Rakesh Goyal: Re-designated and appointed as Executive Director – Operations for five years from April 1, 2027.

The Board also approved payment of commission to Non-Executive Directors at a rate not exceeding 1% of net profits for five years starting April 1, 2027. The trading window for designated persons will open on August 7, 2026.