Balaji Amines Ltd. has announced that the Board of Directors of the company at its meeting held on May 11, 2013, have transacted the following matters: The Board appointed Mr. Dhole Kashinath Revappa as additional Director, under Independent Category; Mr. A. Srinivas Reddy, as Additional Director, under Executive Category; Mr. N. Rajeshwar Reddy is Re-designated as Joint Managing Director; Mr. D. Ram Reddy is Re-designated as Joint Managing Director.

Balaji Amines Limited informed that the Board of Directors of the Company at its meeting held on May 11, 2013 has recommended the payment of annual dividend of INR 0.80 per equity share i.e. 40% on face value of INR 2 per share and the same will be payable after it is approved by the shareholders at the ensuing Annual General Meeting. The Board proposed to declare a Special dividend of 25% that is INR 0.50 per Share on face value of INR 2 per share and the same will be payable after it is approved by the shareholders at the ensuing Annual General Meeting.

Balaji Amines Ltd. reported audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,414.805 million against INR 1,186.679 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 144.237 million against INR 156.615 million a year ago. Profit from ordinary activities before tax was INR 90.349 million against INR 110.445 million a year ago. Net profit was INR 56.995 million or INR 1.76 per basic and diluted share against INR 70.941 million or INR 2.19 per basic and diluted share a year ago. For the year, the company reported net sales/income from operations (net of excise duty) of INR 5,117.960 million against INR 4,495.235 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 675.281 million against INR 703.100 million a year ago. Profit from ordinary activities before tax was INR 459.560 million against INR 527.406 million a year ago. Net profit was INR 311.835 million or INR 9.62 per basic and diluted share against INR 356.616 million or INR 11.01 per basic and diluted share a year ago.