Amtech Esters Limited has commenced trial production at its new manufacturing facility in Asoda, Haryana. The unit adds 4,800 MTPA of installed capacity for Unsaturated Polyester Resins (UPR), marking a significant step toward doubling the company's production capabilities.

This development follows the completion of installation and commissioning at the Khewat No. 353/278 site in Balaji Industrial Area. The move is a key milestone in the company's capacity expansion strategy, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capacity expansion details

The new plant is designed to produce Unsaturated Polyester Resins. Upon the commencement of commercial operations, the total installed capacity of Amtech Esters' resin manufacturing business is expected to rise from 2,960 MTPA to 7,760 MTPA. This represents a substantial increase in output potential for the company's core product line.

Funding and compliance

The establishment of this manufacturing unit was funded through internal accruals, as previously disclosed in the company's DRHP/RHP/Prospectus. This indicates that the expansion did not require additional external debt or equity dilution at this stage.

Amtech Esters stated it will continue to keep stock exchanges informed of any material developments regarding the transition from trial to commercial production. The intimation was signed by Anjali Bansal, Company Secretary & Compliance Officer, on October 3, 2026.

Amtech Esters Limited appointed Chandresh V. Dobariya as an additional non-executive independent director and accepted the resignation of Paras Suri from the same role. The changes were approved by the board at its meeting held on September 28, 2026.

Dobariya, who brings over 24 years of experience in the power and energy sector, will serve for a term of five years subject to shareholder approval. He holds a Master of Technology from IIT Bombay and a Bachelor of Engineering from Nirma Institute of Technology. Currently serving as Director and CEO of Panacean, his expertise spans generation, transmission, distribution, renewable energy, energy efficiency, system planning, grid integration, battery energy storage systems, and technical advisory.

Board composition changes

The appointment follows recommendations by the Nomination and Remuneration Committee. Dobariya’s tenure as additional director will continue until the conclusion of the company’s annual general meeting. The filing confirmed that Dobariya has no relationship with other directors of the company and is not debarred from holding office by the Securities and Exchange Board of India or any other authority.

Concurrently, the board accepted Paras Suri’s resignation from the position of non-executive independent director with immediate effect. Suri cited personal reasons for stepping down and confirmed there were no other material reasons for his departure. He does not hold directorships in any other listed entity. The board expressed appreciation for Suri’s guidance and assistance during his tenure.

Appointment terms and governance framework

The formal appointment letter issued to Dobariya outlines specific duties and conditions under the Companies Act, 2013. As a Non-Executive Independent Director, he is expected to actively participate in board meetings, which are held at least four times a year, and contribute to strategy, performance, and risk management oversight. His role includes safeguarding the interests of all stakeholders, particularly minority shareholders, and ensuring high standards of financial probity.

The letter specifies that Dobariya will not be an employee of the company and must disclose any potential conflicts of interest. He is required to undergo an orientation program covering the company's strategy, operations, and risk management. Additionally, his appointment is subject to annual performance evaluation by the board, excluding himself, as per the company's board evaluation policy.

Key personnel details

The meeting commenced at 4:00 pm and concluded at 4:30 pm. These governance updates reflect standard regulatory disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.