Alkyl Amines Chemicals Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the revision in remuneration for Whole-time Director-Operations, Mr. Rakesh S. Goyal. The special resolution received strong support with 99.90% of votes cast in favor of increasing his commission from 0.10% to 0.30% of net profits.

Postal Ballot Results

The voting results, declared on December 22, 2025, demonstrated strong shareholder confidence in the proposed changes:

Approved Remuneration Structure

The shareholders have approved the following commission structure for Mr. Goyal:

Other components of Mr. Goyal's remuneration package remain unchanged, including basic salary ranging from ₹6.00 lakh to ₹7.20 lakh per month with annual increments, house rent allowance at 40% of basic salary, and various benefits such as leave travel assistance, mediclaim policy premium, provident fund, and gratuity.

Voting Process Details

The e-voting process was conducted through National Securities Depository Limited (NSDL) platform from November 21, 2025, to December 20, 2025. The company dispatched postal ballot notices electronically to all eligible shareholders whose names appeared in the register as of the record date of November 14, 2025.

Executive Profile and Rationale

The revision aims to align Mr. Goyal's compensation with industry standards, considering his extensive 30-year experience in manufacturing, technology transfer, process development, quality management, and sales and marketing. Mr. Goyal holds 12,295 equity shares representing 0.02% of the company's paid-up equity share capital and serves as a member of the Risk Management Committee.

The proposal received approval from the Nomination and Remuneration Committee on October 23, 2025, followed by Board approval on November 4, 2025. The resolution is deemed effective from the last date of e-voting, December 20, 2025, with the revised commission structure taking effect from January 1, 2026.

Alkyl Amines Chemicals Limited , a leading manufacturer of aliphatic amines and amine derivatives, reported a subdued performance for the first half of fiscal year 2026, primarily due to geopolitical pressures and market challenges. The company's Executive Director, Kirat Patel, provided insights into the factors affecting their performance during a recent earnings conference call.

Key Highlights

• Flat topline performance despite marginal volume growth
• US government actions significantly impacted the company's operations
• Methylamines segment more affected than ethylamines
• Anti-dumping duties on acetonitrile expected to show benefits from Q4 onwards

Impact of US Government Actions

Alkyl Amines faced challenges on multiple fronts due to US government actions:

1. Direct US exports affected
2. Reduced customer demand due to their US export challenges
3. Increased Chinese competition in domestic markets
4. Sanctions on some Indian distributors in their supply chain

Segment Performance

The methylamines segment experienced a more significant impact compared to ethylamines. The overall market is facing a capacity overhang with the entry of Aarti Drugs as the fourth player in the industry.

Capacity Utilization and Future Projects

Mr. Patel mentioned that the company's ethylamine plant, commissioned about a year and a half ago with a capacity of 30,000 tons, is currently operating at 60-70% utilization. This provides room for growth as market conditions improve.

Alkyl Amines is also progressing on a new Rs. 120.00 crore project in Kurkumbh, targeting the dyes, pigments, and electronics markets. The mechanical completion of this project is expected by February-March 2026.

Acetonitrile Market

The implementation of anti-dumping duties on acetonitrile in June is anticipated to yield benefits from the fourth quarter onwards. However, Chinese competitors remain aggressive on pricing, presenting ongoing challenges in this segment.

Market Outlook

Management anticipates that the current subdued demand conditions may continue due to ongoing geopolitical uncertainties. However, they remain optimistic about long-term growth prospects as global trade situations stabilize.

Financial Performance

While specific financial figures were not disclosed, the company reported:

• Flat topline performance in H1 FY26
• Marginal volume growth
• Managed to retain profitability despite market pressures

Conclusion

Alkyl Amines Chemicals Limited faces a challenging business environment due to geopolitical pressures and market dynamics. However, the company's diversified product portfolio, ongoing expansion projects, and potential benefits from anti-dumping duties on acetonitrile provide some optimism for future growth. As global trade situations stabilize, the company expects to return to its normal growth trajectory.