Balaji Amines 2010 Kala Report 09-10.pdf · 2017. 12. 8. · 4 Balaji AMINES LTD. 22nd Annual...

www.balajiamines.com122nd Annual R22nd Annual R22nd Annual R22nd Annual R22nd Annual Report 2eport 2eport 2eport 2eport 200000000009-29-29-29-29-2000001111100000

Balaji AMINES LTD.

CORPORACORPORACORPORACORPORACORPORATE INFORMATE INFORMATE INFORMATE INFORMATE INFORMATIONTIONTIONTIONTION

BOBOBOBOBOARD OF DIRECARD OF DIRECARD OF DIRECARD OF DIRECARD OF DIRECTTTTTORSORSORSORSORS

SRI. M. R. KRISHNAIAHSRI. M. R. KRISHNAIAHSRI. M. R. KRISHNAIAHSRI. M. R. KRISHNAIAHSRI. M. R. KRISHNAIAH Chairman

SRI. A. PRASRI. A. PRASRI. A. PRASRI. A. PRASRI. A. PRATHAP REDDTHAP REDDTHAP REDDTHAP REDDTHAP REDDYYYYY Managing Director

SRI. N. RAJESHWSRI. N. RAJESHWSRI. N. RAJESHWSRI. N. RAJESHWSRI. N. RAJESHWAR REDDAR REDDAR REDDAR REDDAR REDDYYYYY Whole Time Director

SRI. D. RAM REDDSRI. D. RAM REDDSRI. D. RAM REDDSRI. D. RAM REDDSRI. D. RAM REDDYYYYY Whole Time Director

SRI. G. HEMANTH REDDSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDYYYYY Whole Time Director

SRI. TSRI. TSRI. TSRI. TSRI. T. NA. NA. NA. NA. NAVEENA CHANDRAVEENA CHANDRAVEENA CHANDRAVEENA CHANDRAVEENA CHANDRA Independent Director

SRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RAOOOOO Independent Director

SRI. S. VSRI. S. VSRI. S. VSRI. S. VSRI. S. V. PA. PA. PA. PA. PATTTTTTTTTTABHIRAMANABHIRAMANABHIRAMANABHIRAMANABHIRAMAN Independent Director

MR. HEMISH PURUSHOMR. HEMISH PURUSHOMR. HEMISH PURUSHOMR. HEMISH PURUSHOMR. HEMISH PURUSHOTTTTTTTTTTAMAMAMAMAM Company Secretary

AUDIT COMMITTEEAUDIT COMMITTEEAUDIT COMMITTEEAUDIT COMMITTEEAUDIT COMMITTEE

SRI. TSRI. TSRI. TSRI. TSRI. T. NA. NA. NA. NA. NAVEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, ChairmanSRI. M. R. KRISHNAIAH, SRI. M. R. KRISHNAIAH, SRI. M. R. KRISHNAIAH, SRI. M. R. KRISHNAIAH, SRI. M. R. KRISHNAIAH, MemberSRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RAOOOOO,,,,, MemberSRI. S.SRI. S.SRI. S.SRI. S.SRI. S. V V V V V. PA. PA. PA. PA. PATTTTTTTTTTABHI RAMAN,ABHI RAMAN,ABHI RAMAN,ABHI RAMAN,ABHI RAMAN, Member

SHARE HOLDERS'/INVESTSHARE HOLDERS'/INVESTSHARE HOLDERS'/INVESTSHARE HOLDERS'/INVESTSHARE HOLDERS'/INVESTORS'ORS'ORS'ORS'ORS'REDRESSAL COMMITTEEREDRESSAL COMMITTEEREDRESSAL COMMITTEEREDRESSAL COMMITTEEREDRESSAL COMMITTEE

SRI. TSRI. TSRI. TSRI. TSRI. T. NA. NA. NA. NA. NAVEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, ChairmanSRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RAOOOOO,,,,, MemberSRI. A. PRASRI. A. PRASRI. A. PRASRI. A. PRASRI. A. PRATHAP REDDTHAP REDDTHAP REDDTHAP REDDTHAP REDDYYYYY,,,,, Member

RESEARRESEARRESEARRESEARRESEARCH & DEVELOPMENT COMMITTEECH & DEVELOPMENT COMMITTEECH & DEVELOPMENT COMMITTEECH & DEVELOPMENT COMMITTEECH & DEVELOPMENT COMMITTEE

SRI. A. PRASRI. A. PRASRI. A. PRASRI. A. PRASRI. A. PRATHAP REDDTHAP REDDTHAP REDDTHAP REDDTHAP REDDYYYYY, , , , , ChairmanSRI. N. RAJESHWSRI. N. RAJESHWSRI. N. RAJESHWSRI. N. RAJESHWSRI. N. RAJESHWAR REDDAR REDDAR REDDAR REDDAR REDDYYYYY,,,,, MemberSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDSRI. G. HEMANTH REDDYYYYY,,,,, Member

REMUNERAREMUNERAREMUNERAREMUNERAREMUNERATION COMMITTEETION COMMITTEETION COMMITTEETION COMMITTEETION COMMITTEESRI. M. R. KRISHNAIAH,SRI. M. R. KRISHNAIAH,SRI. M. R. KRISHNAIAH,SRI. M. R. KRISHNAIAH,SRI. M. R. KRISHNAIAH, ChairmanSRI. TSRI. TSRI. TSRI. TSRI. T. NA. NA. NA. NA. NAVEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, VEENA CHANDRA, MemberSRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RASRI. S. VISHNU RAOOOOO, , , , , Member

REGISTERED OFFICEREGISTERED OFFICEREGISTERED OFFICEREGISTERED OFFICEREGISTERED OFFICEBALAJI BHAVAN165/A RAILWAY LINESSOLAPURMAHARASHTRA-413001

ADMINISTRAADMINISTRAADMINISTRAADMINISTRAADMINISTRATIVE OFFICETIVE OFFICETIVE OFFICETIVE OFFICETIVE OFFICEIII RD FLOORKPR HOUSE, SARDAR PATEL ROADSECUNDERABAD-500 003, A.P.

AAAAAUDITUDITUDITUDITUDITORSORSORSORSORSM/S V. SRIDHAR & COCHARTERED ACCOUNTANTSHYDERABAD

BBBBBANKERSANKERSANKERSANKERSANKERS

STATE BANK OF HYDERABADSTATE BANK OF INDIAING VYSYA BANKBANK OF BARODA

SHARE TRANSFER ASHARE TRANSFER ASHARE TRANSFER ASHARE TRANSFER ASHARE TRANSFER AGENTSGENTSGENTSGENTSGENTSSATHGURU MANAGEMENTCONSULTANTS PVT. LTD.PLOT NO. 15, HINDI NAGARPUNJAGUTTA, HYDERABAD-500034

FFFFFAAAAACCCCCTTTTTORYORYORYORYORY

UNITUNITUNITUNITUNIT-I-I-I-I-I

TAMMALWADI (VILLAGE)TULJAPUR (TQ)OSMANABAD DISTMAHARASTRA-413623

UNITUNITUNITUNITUNIT-II-II-II-II-IIPLOT NO 4 & 5BESIDE APSEB SUB STATION-IIIDA, BOLLARAM-502325MEDAK DIST. (A.P)

UNITUNITUNITUNITUNIT-III-III-III-III-IIIPLOT NO. E-7 & E-8MIDC, CHINCHOLISOLAPUR - 413 255, MAHARASTRA

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Balaji AMINES LTD.


ContentsContentsContentsContentsContents

1 Notice _____________________________________________________________ 3

2 Director's Report ___________________________________________________ 15

3 Management Discussion and analysis ________________________________ 23

4 Report on Corporate Governance ____________________________________ 25

5 Auditors' Certificate on Corporate governance _________________________ 35

6 Auditors Report on Financial statement ______________________________ 36

7 Balance Sheet _____________________________________________________ 39

8 Profit and Loss account ____________________________________________ 40

9 Schedules forming part of the accounts _______________________________41

10 Notes on accounts _________________________________________________ 47

11 Cash flow statement _______________________________________________ 52

12 Balance Sheet Extract and Company's General Profile __________________ 53

13 Auditors' Report on Consolidated Financial Statement _________________ 54

14 Consolidated Balance Sheet _________________________________________ 55

15 Consolidated Profit and Loss account ________________________________ 56

16 Schedules forming part of Consolidated accounts _____________________ 57

17 Notes on Consolidated accounts ____________________________________ 63

18 Consolidated Cash Flow Statement __________________________________ 65

19 Statement Pursuant to Section 212 of The Companies Act, 1956 ________ 66

20 Subsidiary Annual Report ___________________________________________ 67

21 Form for ECS Mandate _____________________________________________ 85

22 Proxy form & Attendance Slip _______________________________________ 87


Balaji AMINES LTD.

NONONONONOTICETICETICETICETICE

NONONONONOTICE IS HEREBTICE IS HEREBTICE IS HEREBTICE IS HEREBTICE IS HEREBY GIVEN THAY GIVEN THAY GIVEN THAY GIVEN THAY GIVEN THAT THE TWENTY SECOND ANNUT THE TWENTY SECOND ANNUT THE TWENTY SECOND ANNUT THE TWENTY SECOND ANNUT THE TWENTY SECOND ANNUAL GENERAL MEETING OF THE MEMBERSAL GENERAL MEETING OF THE MEMBERSAL GENERAL MEETING OF THE MEMBERSAL GENERAL MEETING OF THE MEMBERSAL GENERAL MEETING OF THE MEMBERSOF BOF BOF BOF BOF BALAJI AMINES LIMITEDALAJI AMINES LIMITEDALAJI AMINES LIMITEDALAJI AMINES LIMITEDALAJI AMINES LIMITED will be held on Wednesday, 8th day of September 2010 at 11:30 a.m. at the RegisteredOffice of the company at 165/A, Balaji Bhawan, Railway Lines, Solapur to transact the following business:-

ORDINARY BUSINESSORDINARY BUSINESSORDINARY BUSINESSORDINARY BUSINESSORDINARY BUSINESS

1.1.1.1.1. To receive, consider and adopt the Audited Profit and Loss Account for the financial year ended 31st March,2010 and Balance Sheet as at that date together with the Directors Report and Auditors Report.

2.2.2.2.2. To declare Dividend on equity shares.

3.3.3.3.3. To appoint a Director in place of Sri T. Naveena Chandra, who retires by rotation, and being eligible offershimself for re-appointment.

4.4.4.4.4. To appoint a Director in place of Sri D. Ram Reddy, who retires by rotation, and being eligible offers himselffor re-appointment.

5.5.5.5.5. To appoint Auditors to hold the office from the conclusion of this Annual General Meeting till the conclusionof the next Annual General Meeting and to authorize the Board of Directors to fix their remuneration

SPECIAL BUSINESSSPECIAL BUSINESSSPECIAL BUSINESSSPECIAL BUSINESSSPECIAL BUSINESS

6.6.6.6.6. Sub-division of Equity sharesSub-division of Equity sharesSub-division of Equity sharesSub-division of Equity sharesSub-division of Equity shares

To consider and if thought fit, to pass with or without modification(s) the following resolution as a "Special"Special"Special"Special"SpecialRRRRResolution":esolution":esolution":esolution":esolution":

"RESOLVED THAT pursuant to the provisions of Section 16, 94 and other applicable provisions, if any, of theCompanies Act, 1956 ("the Act") or any other law for the time being in force (including any statutorymodification or re-enactment thereof) and the provisions of the Articles of Association of the Company andsubject to such approval(s), permission(s), sanction(s), confirmation(s), as may be required under any law forthe time being in force, the consent of the Company be and is hereby accorded for sub-division of the existingequity shares of face value of Rs.10/- each of the Company into 5 equity shares of Rs 2 /- each.

RESOLVED FURTHER THAT the existing Clause V of the Memorandum of Association be and is herebysubstituted in the manner as set out below:

'The Authorised Share Capital of the Company is Rs. 9,00,00,000 (Rupees Nine Crores) divided into 4,50,00,000(Four Crores and Fifty Lakhs Only) Equity Shares of Rs. 2/- (Rupees Two) each. The share capital is inaccordance with the provisions of the Companies Act, 1956'.

"RESOLVED FURTHER THAT pursuant to the provisions of Section 31 and all other applicable provisions, ifany, of the Companies Act, 1956 (" the Act") or any other law for the time being in force (including anystatutory modification or re-enactment thereof) the Article 3 of the Articles of Association of the Company beand is hereby amended and substituted as:

'The Authorised Share Capital of the Company is Rs. 9,00,00,000 (Rupees Nine Crores) divided into 4,50,00,000(Four Crores and Fifty Lakhs Only) Equity Shares of Rs. 2/- (Rupees Two) each'.

RESOLVED FURTHER THAT the existing share certificate(s) in relation to the equity share capital held inphysical form be cancelled and new share certificate(s) be issued in respect of the equity shares held by themembers of the Company consequent upon the sub-division of the equity shares as aforesaid and in case ofshares held in the dematerialized form, the sub-divided equity shares be credited to the respective demataccounts of the beneficiaries in lieu of the existing shares held by them.

RESOLVED FURTHER THAT the Board of directors of the Company ("the Board", which expression shall alsoinclude a duly constituted Committee thereof) be and is hereby authorised to do all such acts, deeds andthings and to delegate all or any of the powers vested in the Board to any Director(s) or Officer(s) of theCompany as may be required to give effect to the above resolution."

7.7.7.7.7. RRRRReappointment of Mreappointment of Mreappointment of Mreappointment of Mreappointment of Mr. A. Prathap R. A. Prathap R. A. Prathap R. A. Prathap R. A. Prathap Reddy as Managing Directoreddy as Managing Directoreddy as Managing Directoreddy as Managing Directoreddy as Managing Director


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Balaji AMINES LTD.


"RESOLVED THAT pursuant to the provisions of Sections 198, 269, 309 & 310 read with Schedule XIII andother applicable provisions, if any, of the Companies Act, 1956, Sri. A Prathap Reddy be and is herebyreappointed as Managing Director of the company for a period of 3 years with effect from 01.04.2010 on thefollowing remuneration as approved by the remuneration committee.

IIIII Salary Salary Salary Salary Salary Rs. 2,00,000/- p.m.

IIIIIIIIII PPPPPerquisites:erquisites:erquisites:erquisites:erquisites:

a) House Rent Allowance : 25% of the Salary

b) Leave Travel Concession: Reimbursement of Leave travel expenses for self & family once in 4years.

c) Premium on Personal Accident Insurance and premium on Mediclaim policy for self and familynot exceeding Rs.25,000/- per annum. For the purpose of this category, 'Family' means spouse,dependent children and dependent parents.

d) Use of Company Car with Driver.

e) Mobile Phone Facilities.

f) Telephone facilities at residence

g) Provident fund: Company's contribution to provident fund not exceeding 20 % of basic salary.

h) Gratuity payable at a rate not exceeding half a month's salary for each completed year of service.

i) The Managing Director will be eligible for an annual increment of Rs. 10,000/- p.m. The firstannual increment shall accrue to him on 1st April, 2011.

j) The Managing Director shall be entitled to be reimbursed in respect of all expenses incurred byhim (including traveling, entertainment, etc.) for and on behalf of the company during thecourse of business.

k) Club Fees: Fees of Clubs subject to a maximum of one club.

l) Commission on Profits: Upto 5% of the net profits of the year as computed according to theCompanies Act, 1956.

III.III.III.III.III. OvOvOvOvOverall remuneration:erall remuneration:erall remuneration:erall remuneration:erall remuneration:

The overall remuneration (i.e. salary, perquisites and commission) in any one financial year shall notexceed 5% of the net profits or any such higher limits prescribed from time to time under section 198,309 and other applicable provisions of the Companies Act, 1956 read with schedule XIII to the saidAct, as may for the time being, be in force and any amendments thereto. In case of any doubts/discrepancy/clarification that may arise with respect to payment of remuneration the same shall bedetermined and decided by the Remuneration Committee of Directors. Further, within the overallremuneration, the individual components may be changed as desired by Mr. Prathap Reddy and acceptedby the Remuneration Committee.

IVIVIVIVIV..... Minimum remuneration:Minimum remuneration:Minimum remuneration:Minimum remuneration:Minimum remuneration:

In the event of inadequacy or absence of profits in any financial year, during the currency of the tenureof his office, he shall be paid the above remuneration, as minimum remuneration subject to the ceilingmentioned in Schedule XIII to the Companies Act, 1956 from time to time.

8.8.8.8.8. RRRRReappointment of Mreappointment of Mreappointment of Mreappointment of Mreappointment of Mr. N R. N R. N R. N R. N Rajeshwajeshwajeshwajeshwajeshwar Rar Rar Rar Rar Reddy as Executiveddy as Executiveddy as Executiveddy as Executiveddy as Executive Directore Directore Directore Directore Director


"RESOLVED THAT pursuant to the provisions of Sections 198, 269, 309 & 310 read with Schedule XIII andother applicable provisions, if any, of the Companies Act, 1956, Sri. N Rajeshwar Reddy be and is herebyreappointed as Executive Director of the company for a period of 3 years with effect from 01.04.2010 on thefollowing remuneration as approved by the remuneration committee.

IIIII SalarySalarySalarySalarySalary RsRsRsRsRs. . . . . 1,50,000/- p.m.



Balaji AMINES LTD.

a) House Rent Allowance: 25% of the Salary.

b) Leave Travel Concession: Reimbursement of Leave travel expenses for self & family once in 4years.

c) Premium on Personal Accident Insurance and premium on Mediclaim policy for self and familynot exceeding Rs.25,000/- per annum. For the purpose of this category, 'Family' means spouse,dependent children and dependent parents.

d) Use of Company Car with Driver.


f) Telephone facilities at residence

g) Provident fund: Company's contribution to provident fund not exceeding 20% of salary.


i) The Executive Director will be eligible for an annual increment of Rs. 10,000/- p.m. The firstannual increment shall accrue to him on 1st April, 2011.

j) The Executive Director shall be entitled to be reimbursed in respect of all expenses incurred byhim (including traveling, entertainment etc.,) for and on behalf of the company during thecourse of business.


l) Commission on Profits: Upto 2% of the net profits of the year computed according to theCompanies Act, 1956.


The overall remuneration (i.e. salary, perquisites and commission) in any one financial year shall notexceed 2% of the net profits or any such higher limits prescribed from time to time under section 198,309 and other applicable provisions of the Companies Act, 1956 read with schedule XIII to the saidAct, as may for the time being, be in force and any amendments thereto. In case of any doubts/discrepancy/clarification that may arise with respect to payment of remuneration the same shall bedetermined and decided by the Remuneration Committee of Directors. Further, within the overallremuneration, the individual components may be changed as desired by Mr. N Rajeshwar Reddy andaccepted by the Remuneration Committee.



9.9.9.9.9. RRRRReappointment of Mreappointment of Mreappointment of Mreappointment of Mreappointment of Mr. D R. D R. D R. D R. D Ram Ram Ram Ram Ram Reddy as Director - Commercialeddy as Director - Commercialeddy as Director - Commercialeddy as Director - Commercialeddy as Director - Commercial


"RESOLVED THAT pursuant to the provisions of Sections 198, 269, 309 & 310 read with Schedule XIII andother applicable provisions, if any, of the Companies Act, 1956, Sri. D Ram Reddy be and is hereby reappointedas Whole Time Director and designated as Director - Commercial, of the company for a period of 3 years witheffect from 01.04.2010 on the following remuneration as approved by the remuneration committee.



a) House Rent Allowance : 25% of the Salary

b) Leave Travel Concession: Reimbursement of Leave travel expenses for self and family once in 4years

c) Premium on Personal Accident Insurance and Mediclaim premium for self and family notexceeding Rs.25,000/- per annum. For the purpose of this category 'Family' means spouse,dependent children and dependent parents.

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Balaji AMINES LTD.


d) Use of Company's Car with Driver.


f) Telephone facility at residence



i) The Commercial Director will be eligible for an annual increment of Rs. 10,000/- p.m. The firstannual increment shall accrue to him on 1st April, 2011.

j) The Commercial Director shall be entitled to be reimbursed in respect of all expenses incurredby him (including travelling, entertainment etc.,) for and on behalf of the company during thecourse of business.


l) Commission on Profits: Upto 2 % of the net profits of the year computed according to theCompanies Act, 1956.


The overall remuneration (i.e. salary, perquisites and commission) in any one financial year shall notexceed 2% of the net profits or any such higher limits prescribed from time to time under section 198,309 and other applicable provisions of the Companies Act, 1956 read with schedule XIII to the saidAct, as may for the time being, be in force and any amendments thereto. In case of any doubts/discrepancy/clarification that may arise with respect to payment of remuneration the same shall bedetermined and decided by the Remuneration Committee of Directors. Further, within the overallremuneration, the individual components may be changed as desired by Mr. D Ram Reddy and acceptedby the Remuneration Committee.



111110.0.0.0.0. RRRRReappointment Mreappointment Mreappointment Mreappointment Mreappointment Mr. G. Hemanth R. G. Hemanth R. G. Hemanth R. G. Hemanth R. G. Hemanth Reddy as Whole Time Directoreddy as Whole Time Directoreddy as Whole Time Directoreddy as Whole Time Directoreddy as Whole Time Director


"RESOLVED THAT pursuant to the provisions of Sections 198, 269, 309 & 310 read with Schedule XIII andother applicable provisions, if any, of the Companies Act, 1956, Mr. G. Hemanth Reddy be and is herebyreappointed as a Whole Time Director of the company for a period of 3 years with effect from 01.04.2010 onthe following remuneration as approved by the remuneration committee.



a) House Rent Allowance: 25% of the Salary.

b) Leave Travel Concession: Reimbursement of Leave travel expenses for self and Family once in 4years.

c) Premium on personal Accident Insurance and Mediclaim premium for self and family notexceeding Rs.25,000/- per annum. For the purpose of this category 'Family' means spouse,dependent children and dependent parents.

d) Use of Company's Car with Driver.


f) Telephone facility at residence




Balaji AMINES LTD.

i) The Whole Time Director will be eligible for annual increment of Rs. 10,000/- p.m. The firstannual increment shall accrue to him on 1st April, 2011.

j) The Whole Time Director shall be entitled to be reimbursed in respect of all expenses incurredby him (including travelling, entertainment etc.,) for and on behalf of the company during thecourse of business.


l) Commission on Profits: Upto 1% of the net profits of the year computed according to theCompanies Act, 1956.


The overall remuneration (i.e. salary, perquisites and commission) in any one financial year shall notexceed 1% of the net profits or any such higher limits prescribed from time to time under section 198,309 and other applicable provisions of the Companies Act, 1956 read with schedule XIII to the saidAct, as may for the time being, be in force and any amendments thereto. In case of any doubts/discrepancy/clarification that may arise with respect to payment of remuneration the same shall bedetermined and decided by the Remuneration Committee of Directors. Further, within the overallremuneration, the individual components may be changed as desired by Mr. G Hemanth Reddy andaccepted by the Remuneration Committee.



111111.1.1.1.1. Increase in borroIncrease in borroIncrease in borroIncrease in borroIncrease in borrowing powing powing powing powing powwwwwers pursuant to section 293 (1)(d) of the Companies Aers pursuant to section 293 (1)(d) of the Companies Aers pursuant to section 293 (1)(d) of the Companies Aers pursuant to section 293 (1)(d) of the Companies Aers pursuant to section 293 (1)(d) of the Companies Act, 1956 upto Rsct, 1956 upto Rsct, 1956 upto Rsct, 1956 upto Rsct, 1956 upto Rs. 5. 5. 5. 5. 50000000000crorecrorecrorecrorecrore.....

To consider and if thought fit, to pass with or without modification(s) the following resolution as an "Ordinary"Ordinary"Ordinary"Ordinary"OrdinaryRRRRResolution":esolution":esolution":esolution":esolution":

"RESOL"RESOL"RESOL"RESOL"RESOLVED THAVED THAVED THAVED THAVED THATTTTT in supersession of the resolution passed at the Sixteenth Annual General Meeting of theShareholders of the Company held on 29th September, 2004, consent of the members of the Company be andis hereby accorded to the Board of Directors of the Company pursuant to Section 293(1)(d) and otherapplicable provisions of the Companies Act, 1956, for borrowing from time to time, any sum or sums ofmoney for the purposes of the Company upon such terms and conditions and with or without security as theBoard of Directors may in its discretion think fit, not withstanding, that the money or monies to be borrowedby the Company (apart from the Temporary loans obtained or to be obtained from time to time from theCompany's Bankers in the ordinary course of business) together with the money already borrowed, may exceedthe aggregate of the Paid-up Share Capital of the Company and its free reserves that is to say, reserves not setapart for any specific purpose(s), provided however that the money or monies to be borrowed by the Companytogether with the money already borrowed shall not, at any time exceed Rs.500 Crores (Rupees Five HundredCrores only)".

By Order of The Board of DirectorsFor Balaji Amines Limited Balaji Amines Limited Balaji Amines Limited Balaji Amines Limited Balaji Amines Limited

Secunderabad Hemish PurushottamHemish PurushottamHemish PurushottamHemish PurushottamHemish Purushottam29 July, 2010 Company Secretary

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Balaji AMINES LTD.


NONONONONOTES:TES:TES:TES:TES:

a) A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and voteinstead of himself/ herself and a proxy need not be a member of the company. Proxies, in order to bevalid and effective, must be delivered at the registered office of the company not later than 48 hoursbefore the commencement of the meeting.

b) The notice of the Annual General Meeting will be sent to those members whose names appear on theregister of members as on Friday, July 30, 2010.

c) The register of members and share transfer books of the company will remain closed from 01.09.2010to 08.09.2010 (both days inclusive). The dividend if declared will be paid to the Members, whosenames appear in the register of members as on 08.09.2010

d) (i) Members holding shares in physical form are requested to immediately notify change in theiraddress , if any, to the Registrar and Transfer Agents of the company namely M/s SathguruManagement Consultants Private Limited, Plot No 15, Hindi Nagar, Punjagutta, Hyderabad-500034 quoting their Folio Numbers.

(ii) In order to avoid fraudulent encashment of dividend warrants, Members holding shares inphysical forms are requested to send to the Registrar and Transfer Agents of the company, on orbefore 31st August, 2010, a Bank Mandate (providing details of name and address of banker,branch, PIN code and particulars of bank accounts) or changes thereon, if not provided earlier,under the signature of the sole / first holders along with the folio numbers. This informationwill be printed on the dividend warrants. You may avail of the Electronic Clearing Service (ECS)mandate facilities provided by the company.

e) Members holding shares in dematerialized mode are requested to intimate all changes pertaining totheir bank account details. ECS mandates, nominations, power of attorney, change of address/ nameetc. to their depository participant only and not to the company or its Registrar and Transfer Agent. Thesaid nominations will be automatically reflected in the Company's records.

f) Shareholders who have not yet encashed their dividend warrant for the year 2002-03 and subsequentyears may approach the company for re-validation, issue of duplicate warrants etc. Dividend remainingunclaimed for over Seven Years will be transfer to Investor Education and Protection Fund as per Law.

g) Consequent upon the introduction of Section 109 A of the Companies Act, 1956, shareholders areentitled to make nomination in respect of shares held by them in physical form. Shareholders desirousof making nominations are requested to send their request in Form No. 2B in duplicate to the company.

h) Pursuant to the requirements on the Corporate Governance under the listing agreement entered intowith stock exchanges, the information about the Directors proposed to be appointed /re- appointed isgiven in the annexure to the notice.

i) Members desirous of getting any information about the accounts and / or operations of the companyare requested to write to the company at least seven days before the date of the meeting to enable thecompany to keep the information ready at the meeting.

j) All the documents referred to in the Notice and explanatory statement will be available to themembers at the Registered of the company between 10.30 A.M to 12.30 P.M on all working days fromthe date hereof upto the date of the Meeting.

k) Explanatory Statement pursuant to the provisions of section 173(2) of the Companies Act, 1956, isannexed herewith.




Balaji AMINES LTD.

EXPLANAEXPLANAEXPLANAEXPLANAEXPLANATTTTTORY STORY STORY STORY STORY STAAAAATEMENTTEMENTTEMENTTEMENTTEMENT

Explanatory Statement under section 173 (2) of the Companies AExplanatory Statement under section 173 (2) of the Companies AExplanatory Statement under section 173 (2) of the Companies AExplanatory Statement under section 173 (2) of the Companies AExplanatory Statement under section 173 (2) of the Companies Act, 1956ct, 1956ct, 1956ct, 1956ct, 1956

Item No 06Item No 06Item No 06Item No 06Item No 06

The equity shares of the Company are listed and are actively traded on the National Stock Exchange of India Limited(NSE) and Bombay Stock Exchange Limited (BSE). The market price of the shares of the Company has witnessedsignificant growth over the past few years and are presently traded around Rs. 170/-. In order to improve the liquidityof the Company's shares in the stock market and to make it affordable to the small investors, the Board of directorsof the Company at their meeting held on 29th July, 2010, considered it desirable to sub-divide the nominal value ofthe equity share capital of the Company from Rs. 10/- per share to Rs. 2/- per share as proposed in the resolution.

The aforesaid sub-division would require substitution of existing Capital Clause V of the Memorandum of Associationand Article 3 of the Articles of Association of the Company by Clause V and Article 3 detailed in the resolution no. 6.

Accordingly, the Board recommends the resolutions as set out in item no. 06 for approval from shareholders. Uponapproval of the shareholders for sub-division of shares, in case the shares are held in physical, the old share certificatesof face value of Rs. 10/- each will be cancelled on the record date and the new share certificates will be sent to theshareholders. In case the shares are in dematerialized form, the sub-divided shares will be directly credited to theshareholders demat account on the record date in lieu of their existing shares.

The Directors of the Company are deemed to be concerned or interested in the resolution to the extent of shares heldby them in the Company.

Item No. 0Item No. 0Item No. 0Item No. 0Item No. 07 to 17 to 17 to 17 to 17 to 100000

At the 17th Annual General Meeting of the Company held on 29th September, 2005, the members had approved there-appointment and terms of remuneration of Mr. A. Prathap Reddy as Managing Director, Mr. N. Rajeshwar Reddyas Executive Director, Mr. D. Ram Reddy as Director-Commercial & Mr. G. Hemanth Reddy as Whole time directorfor a period of 5 years w.e.f. from 1st April, 2005. The Board of Directors at its Meeting held on 29th April, 2010 hasre-appointed Mr. A. Prathap Reddy as Managing Director, Mr. N. Rajeshwar Reddy as Executive Director, Mr. D. RamReddy as Director-Commercial & Mr. G. Hemanth Reddy as Whole time director for a period of three years w.e.f from1st April, 2010, subject to the approval of the Members at the remuneration stated in the resolution no. 7,8,9 &10.The said remuneration was approved by the Remuneration Committee of the Company at their meeting held on 29thApril, 2010.

Brief Profile of Directors being reappointed:

Mr. A Prathap Reddy is a Civil Engineer by qualification and started his career in the year 1970 working for a companyengaged in manufacturing of RCC spun pipes. In the year 1988 he incorporated Balaji Amines Limited for themanufacture of Methyl and Ethyl Amines. BAL's continuing success is a testimony to the entrepreneurial skills of Mr.A. Prathap Reddy. His vision and perseverance today has taken the Company as one of the leading manufacturers andexporters of specialty chemicals, aliphatic amines and derivatives in the entire Chemical Industry. Mr. A. PrathapReddy received the 2010 IMM Eminent Organisation Award for excellence at the 37th World Marketing Congresshosted by the Institute of Marketing and Management, New Delhi.

Mr. N. Rajeshwar Reddy is a commerce graduate having more than three decades of experience spread across differentIndustries. He started his career as a Manager in Bharat Cement Pipe Industries in 1976 and in 1982 foundedBhagyanagar Potteries and managed the unit till 1985. In 1985, he joined Balaji Cement Products (Pvt.) Ltd asExecutive director and successfully implemented the project before joining Balaji Amines Ltd as Director in 1988. Heis responsible for the day to day operations at the plants in Solapur. He has been instrumental in executing theprojects in time with lowest cost of investments well within time schedules. He is also responsible for perfecting theprocesses of various products to achieve optimization of cost of utilities etc.,

Mr. D. Ram Reddy is a graduate having more than 29 years of experience spread across various businesses. He joinedBharat Cement Pipe Industries, Hyderabad as Manager in 1980. In 1985, he joined Balaji Cement Products Pvt Ltdand successfully managed the Company before joining Balaji Amines Ltd., as Director in 1988. He is responsible forthe procurement, marketing and logistics activities of the Company. He has played a key role in establishing customerand supplier's relationship with leading buyers and suppliers of specialty chemicals both within the country and alsoabroad. He is instrumental in achieving first of its kind large scale supply contract arrangement with world's leadingcompany in speciality chemicals.

10

Balaji AMINES LTD.


Mr. G. Hemanth Reddy is a post graduate in management with Finance and Marketing as specialisation having morethan 20 years of experience spread across various businesses. He has been instrumental in setting up of BhagyanagarWoodplast Limited and successfully managed the IPO of Bhagyanagar Woodplast. As an Executive Director, he hasimplemented various projects globally such as water supply projects in Africa, Solar project in Africa and Ruralelectrification and Global Sourcing of material for various water supply projects in Africa. He joined Balaji AminesLimited as Whole Time Director responsible for finance of the Company.

The appointment and remuneration payable to Mr. A. Prathap Reddy as Managing Director, Mr. N. Rajeshwar Reddyas Executive Director, Mr. D. Ram Reddy as Director-commercial and Mr. G. Hemanth Reddy as Whole Time Directorrequires the approval of the shareholders in general meeting by way of Special Resolution in terms of provisions ofParagraph 1(B) (iii) of Section II of Part II and Part III of Schedule XIII of the Companies Act, 1956.

Keeping in view the experience and expertise of these persons, the Board commends the Resolutions at Item nos. 07to 10 for approval by the Members.

A statement containing the information required under proviso (iv) to Section-II(B) of Schedule XIII to the CompaniesAct, 1956 is annexed for the information of the members.

Mr. A. Prathap Reddy, Mr. N. Rajeshwar Reddy, Mr. D Ram Reddy and Mr. G. Hemanth Reddy, Directors of theCompany are concerned or interested in this resolution. None of the other directors are concerned or interested inthis resolution, except to the extent of equity shares held by them.

Items No. 1Items No. 1Items No. 1Items No. 1Items No. 111111

Members of the Company at the 16th Annual General Meeting held on 29th September, 2004 have accorded theirconsent under Section 293(1)(d) of the Companies Act, 1956 to the Board of Directors to borrow monies apart fromthe temporary loans in aggregate upto Rs. 200 Crores.

As the Company is expanding its operations the company would require to borrow funds from time to time by wayof loans or otherwise beyond the existing limit of Rs. 200.00 Crores, which will be insufficient. Your directors feelthat an amount Rs. 500.00 Crores will be required to be taken from Banks / Financial Institutions, which exceedsthe aggregate of the paid up capital of the company and its free reserves.

Pursuant to the provisions of Section 293 (1) (d) of the Companies Act, 1956, the company cannot borrow anamount in excess of the aggregate of the paid up share capital of the company and its free reserves, i.e., reserves notset apart for any specific purpose without the consent of the members in their general meeting.

Hence the resolution is commended for your approval

The Directors are interested, in the above resolution, to the extent of share capital held by them.




Balaji AMINES LTD.

STSTSTSTSTAAAAATEMENT PURSUTEMENT PURSUTEMENT PURSUTEMENT PURSUTEMENT PURSUANT TANT TANT TANT TANT TO CLAO CLAO CLAO CLAO CLAUSE (1) (B) (IV) OF SECUSE (1) (B) (IV) OF SECUSE (1) (B) (IV) OF SECUSE (1) (B) (IV) OF SECUSE (1) (B) (IV) OF SECTION II OF PTION II OF PTION II OF PTION II OF PTION II OF PART II OFART II OFART II OFART II OFART II OFSCHEDULE XIII, OF THE COMPSCHEDULE XIII, OF THE COMPSCHEDULE XIII, OF THE COMPSCHEDULE XIII, OF THE COMPSCHEDULE XIII, OF THE COMPANIES AANIES AANIES AANIES AANIES ACCCCCTTTTT, 1956:, 1956:, 1956:, 1956:, 1956:

IIIII GENERAL INFORMAGENERAL INFORMAGENERAL INFORMAGENERAL INFORMAGENERAL INFORMATIONTIONTIONTIONTION

(1)(1)(1)(1)(1) Nature of Industry:Nature of Industry:Nature of Industry:Nature of Industry:Nature of Industry:

The Company operates in the Speciality Chemicals, aliphatic amines and their derivatives which aremainly used in API's, Agrochemicals, Paint industry, Refineries and host of other industries.

(2)(2)(2)(2)(2) Date of commencement of commercial production:Date of commencement of commercial production:Date of commencement of commercial production:Date of commencement of commercial production:Date of commencement of commercial production:

1st March, 1991

(3)(3)(3)(3)(3) In case of new companiesIn case of new companiesIn case of new companiesIn case of new companiesIn case of new companies, expected date of commencement of activities as per project appro, expected date of commencement of activities as per project appro, expected date of commencement of activities as per project appro, expected date of commencement of activities as per project appro, expected date of commencement of activities as per project approvvvvvedededededbbbbby financial institutions appearing in the prospectus:y financial institutions appearing in the prospectus:y financial institutions appearing in the prospectus:y financial institutions appearing in the prospectus:y financial institutions appearing in the prospectus:

Not applicable.

(4)(4)(4)(4)(4) Financial performance during last three yFinancial performance during last three yFinancial performance during last three yFinancial performance during last three yFinancial performance during last three years:ears:ears:ears:ears: (Rs. In Crore)

PPPPParticularsarticularsarticularsarticularsarticulars 2222200000000007-087-087-087-087-08 22222008-0008-0008-0008-0008-099999 2222200000000009-19-19-19-19-100000

GROSS INCOME 239.68 273.58 277.14

PBDIT 30.90 39.91 47.74

PBT 18.66 24.90 31.56

PAT 13.26 15.32 20.65

CASH PROFIT 17.66 20.14 27.49

BOOK VALUE (Rs.) 110.35 141.48 179.08

EPS (Rs.) 20.46* 23.65 31.87

* After Bonus issue share capital doubled to Rs. 6.48 crore from Rs. 3.24 crore

(5)(5)(5)(5)(5) Export performance and net foreign exchange earnings:Export performance and net foreign exchange earnings:Export performance and net foreign exchange earnings:Export performance and net foreign exchange earnings:Export performance and net foreign exchange earnings:(Rs. In Thousands)

Export of the yExport of the yExport of the yExport of the yExport of the year ended 3ear ended 3ear ended 3ear ended 3ear ended 31st March, 21st March, 21st March, 21st March, 21st March, 2000001111100000 6,12,6646,12,6646,12,6646,12,6646,12,664

Income/Expenditure in Foreign Currency for the year ended 31.03.2010 is as follows:

Income:Income:Income:Income:Income:

Sales/ Income from OperationsSales/ Income from OperationsSales/ Income from OperationsSales/ Income from OperationsSales/ Income from Operations 6,12,6646,12,6646,12,6646,12,6646,12,664

ExpenditureExpenditureExpenditureExpenditureExpenditure

RRRRRaaaaaw Materialsw Materialsw Materialsw Materialsw Materials 5,74,2805,74,2805,74,2805,74,2805,74,280

Capital GoodsCapital GoodsCapital GoodsCapital GoodsCapital Goods 6,2376,2376,2376,2376,237

OvOvOvOvOverseas Terseas Terseas Terseas Terseas Trararararavvvvvelelelelel 2,3972,3972,3972,3972,397

Consultancy ChargesConsultancy ChargesConsultancy ChargesConsultancy ChargesConsultancy Charges 2,1742,1742,1742,1742,174

OthersOthersOthersOthersOthers 3,3693,3693,3693,3693,369

TTTTTotalotalotalotalotal 5,88,4575,88,4575,88,4575,88,4575,88,457

(6)(6)(6)(6)(6) FFFFForeign invoreign invoreign invoreign invoreign investments or collaborationsestments or collaborationsestments or collaborationsestments or collaborationsestments or collaborations, if an, if an, if an, if an, if any: y: y: y: y: The Company has no Foreign Direct Investment orCollaborations in the Company so far.

12

Balaji AMINES LTD.


II.II.II.II.II. INFORMAINFORMAINFORMAINFORMAINFORMATION ABOUT THE APPOINTEES:TION ABOUT THE APPOINTEES:TION ABOUT THE APPOINTEES:TION ABOUT THE APPOINTEES:TION ABOUT THE APPOINTEES:

Sl.Sl.Sl.Sl.Sl. InformationInformationInformationInformationInformation A. Prathap RA. Prathap RA. Prathap RA. Prathap RA. Prathap Reddyeddyeddyeddyeddy N. RN. RN. RN. RN. Rajeshwajeshwajeshwajeshwajeshwararararar D. RD. RD. RD. RD. Ram Ram Ram Ram Ram Reddyeddyeddyeddyeddy G. HemanthG. HemanthG. HemanthG. HemanthG. HemanthNoNoNoNoNo Of TheOf TheOf TheOf TheOf The RRRRReddyeddyeddyeddyeddy RRRRReddyeddyeddyeddyeddy

AppointeeAppointeeAppointeeAppointeeAppointee

1 Background of He is a Civil He holds a He holds a Sri G. Hemanththe Appointee Engineer by Bachelor's degree Bachelor's degree Reddy is post

Qualification. in Commerce in Commerce. He graduate inHe has founded He is one of the is one of the management. He isBalaji Amines Ltd. founder promoter founder promoter one of the founderand has been and has been and has been promoter and isinstrumental in handling the day handling the responsible ofdeveloping the to day operation of procurements, finance of thecompany from a the plants and marketing and Companysingle product expansion projects logistic activities ofcompany with a of Company the Companyturnover of onecrore during thefirst year to morethan 25 productsand a turnover ofRs. 277 crores forthe year 2010

2 Past Remunerati Rs. 1,73,33,623/- Rs. 69,33,449/- Rs. 69,33,449/- Rs. 34,66,725/-on (Salary, Perks& Commission)Rs / PA.(Year 2009-10)

3 Recognition and 2010 IMM EminentAwards Organisation

Award for excelle-nce at the 37thWorld MarketingCongress. — — —

4 Job Profile and Managing Director Executive Commercial Whole Timesuitability He will exercise Director. Director. He is Director. He is

the management He is responsible responsible for responsible forcontrol over the for the day to the procurement, finance,whole of the day operations marketing and operations andaffairs of the at the plants logistics activities administrationCompany. Providing in Solapur of the Company of Unit-II of theleadership and Company.strategic guidanceto the Company

5 Remuneration As detailed in As detailed in As detailed in As detailed inProposed Resolution no. 07 Resolution no. 08 Resolution no. 09 Resolution no. 10

6 Comparative Considering the Considering the Considering the Considering theremuneration general industry general industry general industry general industryprofile with and the specific and the specific and the specific and the specificrespect to company profile, company profile, company profile, company profile,industry, size of the proposed the proposed the proposed the proposedthe Company, remuneration to remuneration to remuneration to remuneration toProfile of the the appointee is the appointee is the appointee is the appointee isposition and in line with the in line with the in line with the in line with theperson (in case remuneration remuneration remuneration remunerationof expatriates the comparable to comparable to comparable to comparable torelevant details the size of the the size of the the size of the the size of thewould be w.r.t. Company and Company and Company and Company andthe country of also that of the also that of the also that of the also that of thehis origin) industry and of industry and of industry and of industry and of

the position and the position and the position and the positionperson. person. person. and person.


Balaji AMINES LTD.

7 Pecuniary 1.1.1.1.1. Has no 1. 1. 1. 1. 1. Has no 1. 1. 1. 1. 1. Has no 1.1.1.1.1. Has no pecuniaryrelationship pecuniary pecuniary pecuniary relationship directlydirectly or relationship relationship relationship or indirectly withindirectly with directly or directly or directly or the Company exceptthe Company, or indirectly with indirectly with indirectly with to the extent of hisrelationship with the Company the Company the Company remuneration andthe managerial except to the except to the except to the shareholding inpersonnel, if any extent of his extent of his extent of his the Company.

remuneration remuneration and remuneration andand shareholding shareholding in shareholding inin the Company. the Company. the Company.2. He is father in 2. He is brother in 2. He is not related 2. He is son in lawlaw of law of to any managerial to A. Prathap ReddyG. Hemanth Reddy G. Hemanth Reddy personnel. and brother in Law

to N. RajeshwarReddy

III.III.III.III.III. OOOOOTHER INFORMATHER INFORMATHER INFORMATHER INFORMATHER INFORMATION:TION:TION:TION:TION:

(1)(1)(1)(1)(1) RRRRReason of Loss or inadequate profits:eason of Loss or inadequate profits:eason of Loss or inadequate profits:eason of Loss or inadequate profits:eason of Loss or inadequate profits:

The Company has achieved profits from its operations during the year and it is expected to earn profitsin the future years also. The Company is seeking the permission of the shareholders for paying minimumremuneration during their tenure of appointment, in accordance with the provisions as laid down in PartII in Section II to Schedule XIII of the Companies Act, 1956, in the event the Company has no profit orinadequate profits in any such financial year

(2)(2)(2)(2)(2) Steps taken or proposed to be taken for improSteps taken or proposed to be taken for improSteps taken or proposed to be taken for improSteps taken or proposed to be taken for improSteps taken or proposed to be taken for improvvvvvement:ement:ement:ement:ement:

The management is continuously striving to improve the performance of the Company and has takensteps to expand and diversify the operations, which is evident from the performance of the company.

(3)(3)(3)(3)(3) Expected increase in productivity and profits in measurable terms:Expected increase in productivity and profits in measurable terms:Expected increase in productivity and profits in measurable terms:Expected increase in productivity and profits in measurable terms:Expected increase in productivity and profits in measurable terms:

The investments in R&D activities and continuous up gradation of the plants along with expansion anddiversification, the company envisages to grow at compounded average growth rate of about 20-25%both in topline and bottom line.

IVIVIVIVIV..... DISCLOSURES:DISCLOSURES:DISCLOSURES:DISCLOSURES:DISCLOSURES:

1 The remuneration packages of the managerial persons are being informed regularly to the Shareholdersin the Corporate Governance section forming part of the Annual Report.

2. The remuneration package for the financial year 2009-10 of all the directors has been disclosed under theCorporate Governance forming part of the Annual Report

3. The proposed remuneration package is as detailed in the resolution.

Sl.Sl.Sl.Sl.Sl. InformationInformationInformationInformationInformation A. Prathap RA. Prathap RA. Prathap RA. Prathap RA. Prathap Reddyeddyeddyeddyeddy N. RN. RN. RN. RN. Rajeshwajeshwajeshwajeshwajeshwararararar D. RD. RD. RD. RD. Ram Ram Ram Ram Ram Reddyeddyeddyeddyeddy G. HemanthG. HemanthG. HemanthG. HemanthG. HemanthNoNoNoNoNo Of TheOf TheOf TheOf TheOf The RRRRReddyeddyeddyeddyeddy RRRRReddyeddyeddyeddyeddy

AppointeeAppointeeAppointeeAppointeeAppointee

14

Balaji AMINES LTD.


ADDITIONAL INFORMAADDITIONAL INFORMAADDITIONAL INFORMAADDITIONAL INFORMAADDITIONAL INFORMATIONTIONTIONTIONTION

(pursuant to Clause 49 IV (G) of the Listing Agreement-(pursuant to Clause 49 IV (G) of the Listing Agreement-(pursuant to Clause 49 IV (G) of the Listing Agreement-(pursuant to Clause 49 IV (G) of the Listing Agreement-(pursuant to Clause 49 IV (G) of the Listing Agreement-Information of directors proposed to be appointed/ re-appointed)Information of directors proposed to be appointed/ re-appointed)Information of directors proposed to be appointed/ re-appointed)Information of directors proposed to be appointed/ re-appointed)Information of directors proposed to be appointed/ re-appointed)

Name ofName ofName ofName ofName of TTTTT. Na. Na. Na. Na. Navvvvveenaeenaeenaeenaeena D. RD. RD. RD. RD. Ramamamamam A. PrathapA. PrathapA. PrathapA. PrathapA. Prathap G. HemanthG. HemanthG. HemanthG. HemanthG. Hemanth N. RN. RN. RN. RN. Rajeshwajeshwajeshwajeshwajeshwarararararthe Directorthe Directorthe Directorthe Directorthe Director ChandraChandraChandraChandraChandra RRRRReddyeddyeddyeddyeddy RRRRReddyeddyeddyeddyeddy RRRRReddyeddyeddyeddyeddy RRRRReddyeddyeddyeddyeddy

Date of Birth 28th November, 20th October, 16th 19th June, 02nd1960 1961 September, 1966 February,

1951 1955

Date of 24th June, 15th January, 06th 28th 16thappointment 1996 1989 November, July, 2005 November,on the Board 1988 1988

Qualification, He holds a He holds a He is a Civil Sri G. He holds aExperience & Bachelor's Bacherlor's Engineer by Hemanth Bachelor'sExpertise degree in degree in Qualification. Reddy is post degree in

Commerce and Commerce He has over graduate in Commerce &is a Fellow and has over 40 year of management has over 30Member of the 30 years of experience and has over years ofInstitute of experience across variety 20 years of experienceChartered across variety of Industries. experience in across varietyAccountant of of industries. various in of industries.India. He has dustries. Heover 25 years takes care ofof rich and finance, ERPvaried andexperience in administration.the fields of He hasFinance, immenseTaxation, experience inProjects, operations,Capital finance andMarkets. administration

Directorship in Saaketa Nil Balaji Balaji Nilother public Consultants Greentech Greentechcompanies Limited Products Products(excluding Bhagyanagar Limited. Limited.foreign Wood Plastcompanies and Limited. Bhagyanagar BhagyanagarSection 25 Chemicals ChemicalsCompanies) Limited Limited

Shareholding 10 93,377 11,07,610 1,41,004 1,18,830




Balaji AMINES LTD.

DIRECDIRECDIRECDIRECDIRECTTTTTORS REPORTORS REPORTORS REPORTORS REPORTORS REPORT

Dear Shareholders

Your Directors have pleasure in presenting the 22nd Annual Report of the company with Audited Statement ofAccounts for the year ended 31st March, 2010.

FINANCIAL RESULFINANCIAL RESULFINANCIAL RESULFINANCIAL RESULFINANCIAL RESULTSTSTSTSTS

The financial highlights for the current year in comparison to the previous year are as under

(Rupees in Lakhs)

S.No.S.No.S.No.S.No.S.No. PPPPPARTICULARSARTICULARSARTICULARSARTICULARSARTICULARS Current YCurrent YCurrent YCurrent YCurrent Yearearearearear Previous Year2222200000000009-29-29-29-29-2000001111100000 2008-2009

1. Gross Sales 27727727727727713.9813.9813.9813.9813.98 27358.52

2. Less: Excise Duty 1524.401524.401524.401524.401524.40 2189.84

3. Sales 2626262626189.58189.58189.58189.58189.58 25168.68

4. Other Income 145.63145.63145.63145.63145.63 287.07

5. Expenditure 23487.1223487.1223487.1223487.1223487.12 23011.75

6. Profit before interest, depreciation and tax 4774.244774.244774.244774.244774.24 3990.55

7. Depreciation 683.60683.60683.60683.60683.60 481.56

8. Profit before interest & tax 474747474706.4406.4406.4406.4406.44 3508.98

9. Interest and Finance Charges 97979797970.590.590.590.590.59 1018.60

10. Prior Period items 36.4036.4036.4036.4036.40 0.00

11. Profit before tax 33333156.45156.45156.45156.45156.45 2490.38

12. Provision for Income tax (including FBT) 53535353530.000.000.000.000.00 325.00

13. Deferred tax 56565656561.51.51.51.51.500000 632.72

14. Profit after tax 22222064.95064.95064.95064.95064.95 1532.66

15. Dividend for the year (including corporate dividend tax) 189.54189.54189.54189.54189.54 147.95

16. Transfer to General Reserve 22222111110.000.000.000.000.00 120.00

17. Balance carried forward to Balance Sheet 1665.41665.41665.41665.41665.411111 1264.70

18. Reserves(Excluding Revaluation reserves) 8278278278278271.961.961.961.961.96 6396.55

19. EPS (Rs) 333331.871.871.871.871.87 23.65

OPERAOPERAOPERAOPERAOPERATING RESULTING RESULTING RESULTING RESULTING RESULTS AND BUSINESSTS AND BUSINESSTS AND BUSINESSTS AND BUSINESSTS AND BUSINESS

During the year, your company has achieved a Gross turnover of Rs. 277.14 Crore as compared to the turnover ofRs. 273.58 Crore achieved during the previous year. This growth was achieved despite Global slowdown and consequentpressure on prices and volumes. However, even with a marginal increase in turnover, your company registered animpressive year on year growth of 34.70% in Profit After Tax from Rs.15.33 Crore in the previous year to Rs. 20.65Crore in the Current year.

Your Company's consistent performance can be primarily attributed to increase in plant efficiencies, continuouspower supply through captive co-generation power plant and long term purchase contracts entered with suppliers ofraw materials which has optimised the consumption co-efficients of materials compared to previous year and stringentcost control measures implemented by the management across the plants.

Exports: Though the Gross turnover increased marginally, the net exports have increased by 14.56% over the previousyear figures of Rs. 58.20 Crore to Rs. 67.17 Crore.

16

Balaji AMINES LTD.


DIVIDENDDIVIDENDDIVIDENDDIVIDENDDIVIDEND

Based on company's performance and track record of declaring dividends to shareholders, the Directors are pleasedto recommend for approval of the members a dividend of Rs 2.50/- per share (25% on paid up value of Rs 10/- pershare). The total cash outflow on account of dividends payable including dividend distribution tax payable isRs. 189.54 lacs.

TRANSFER TTRANSFER TTRANSFER TTRANSFER TTRANSFER TO RESERVESO RESERVESO RESERVESO RESERVESO RESERVES

The Company proposes to transfer Rs. 210 lacs to the General Reserve out of the amount available for appropriationsand an amount of Rs. 1665.41 lacs is proposed to be retained in the Profit and Loss account.

RESEARRESEARRESEARRESEARRESEARCH & DEVELOPMENTCH & DEVELOPMENTCH & DEVELOPMENTCH & DEVELOPMENTCH & DEVELOPMENT

The R&D initiatives have yielded results during the year, and have been one of the major contributories in makingthe company stand by Global majors in Specialty Chemicals, among International Specialty Chemicals business.

Your Company has been setting aside sizable money for continuous Research and Development for the followingactivities.

� Identification of New products and latest technologies for the same.

� Continuous development of process parameters to optimize energy, utilities and raw materials consumption.

� Backward and forward integration of products.

During the year the company has invested in R& D activities as under:

R & D Capital Expenditure - Rs. 622.07 lacs

R & D Revenue Expenditure - Rs. 277.70 lacs

EXPEXPEXPEXPEXPANSION / DIVERSIFICAANSION / DIVERSIFICAANSION / DIVERSIFICAANSION / DIVERSIFICAANSION / DIVERSIFICATIONTIONTIONTIONTION

The company with a view to expand and diversify into new area of Business, envisaged construction, developmentand leasing out properties for hotel and other related business has amended its Other Objects Clause in theMemorandum of Association to include these objects and passed a special resolution for the commencement of thesebusinesses. The company plans to utilize the available vacant lands in upcoming areas of Solapur for these purposes.The company has appointed Mahajan & Aibara, experienced consultants in Hotel and Restaurant Industry for givingfeasibility report for the usage of existing land, who have submitted a report after thorough study. Accordingly, yourCompany has proposed to setup a Hotel with 100 rooms and banquet facilities with an investment of Rs. 40 Crore.The project will be completed over a period of 2 years from now.

During the year, the following plants have come into operation:

� 2.5 Mw Co- Generation Power Plant at Tamalwadi, Solapur has been commissioned in July, 2009

� PVP Plant at Chincholi, Solapur has started producing various grades and the mandatory approvals are in finalstages.

FIXED DEPOSITSFIXED DEPOSITSFIXED DEPOSITSFIXED DEPOSITSFIXED DEPOSITS

The company has neither accepted nor renewed any deposits falling within the provisions of Section 58A of theCompanies Act, 1956 read with the Companies (Acceptance of Deposits) Rules, 1975 from the public during thefinancial year.

DIRECDIRECDIRECDIRECDIRECTTTTTORSORSORSORSORS

In terms of Article 134 of the Articles of Association of the company Sri T. Naveena Chandra and Sri D. Ram Reddyretire by rotation and being eligible, offer themselves for reappointment at the ensuing Annual General Meeting.

The Board of Directors at its Meeting held on 29th April, 2010 has re-appointed Mr. A. Prathap Reddy as ManagingDirector, Mr. N. Rajeshwar Reddy as Executive Director, Mr. D. Ram Reddy as Director-Commercial & Mr. G. Hemanth


Balaji AMINES LTD.

Reddy as Whole time director for a period of three years w.e.f from 1st April, 2010, subject to the approval of theMembers. The said resolution forms part of the notice of the Annual General Meeting

Their profile describing the expertise in specific functional area and other directorships held by them as stipulatedin clause 49 of the listing agreement is provided in the notice of AGM.

CONSOLIDCONSOLIDCONSOLIDCONSOLIDCONSOLIDAAAAATED FINANCIAL STTED FINANCIAL STTED FINANCIAL STTED FINANCIAL STTED FINANCIAL STAAAAATEMENTSTEMENTSTEMENTSTEMENTSTEMENTS

The Consolidated Financial Statement of your company with that of its wholly owned subsidiary BhagyanagarChemicals limited is provided in the Annual Report.

AAAAAUDITUDITUDITUDITUDITORSORSORSORSORS

M/s V.Sridhar & Co, Chartered Accountants, Hyderabad, Statutory Auditors of the company hold office until theconclusion of the ensuing Annual General Meeting and are eligible for re-appointment. The company has receivedletter from the Auditors to the effect that, their appointment, if made , would be within the prescribed limits undersection 224 (1B) of the Companies Act, 1956 and that they are not disqualified for such re appointment within themeaning of section 226 of the said Act.

PPPPPARTICULARS OF EMPLOARTICULARS OF EMPLOARTICULARS OF EMPLOARTICULARS OF EMPLOARTICULARS OF EMPLOYEESYEESYEESYEESYEES

There are no employees whose particulars are required to be furnished under Section 217(2A) of the Companies Act,1956 read with Companies (Particulars of employees) Rules, 1975, and as amended from time to time as remunerationof none of the employees is in excess of Rs.2,00,000/- per month, if employed for the part of year orRs.24,00,000/- per annum during the financial year 2009-10. The remuneration details of the Whole Time Director'shave been disclosed in the Corporate Governance Report which forms part of Directors Report.

MANAMANAMANAMANAMANAGEMENT DISCUSSION AND ANALGEMENT DISCUSSION AND ANALGEMENT DISCUSSION AND ANALGEMENT DISCUSSION AND ANALGEMENT DISCUSSION AND ANALYSIS REPORTYSIS REPORTYSIS REPORTYSIS REPORTYSIS REPORT

Management Discussion and Analysis Report for the year under review as stipulated under clause 49 of the ListingAgreement forms the part of the Annual Report and is annexed hereto.

DIRECDIRECDIRECDIRECDIRECTTTTTORS' RESPONSIBILITY STORS' RESPONSIBILITY STORS' RESPONSIBILITY STORS' RESPONSIBILITY STORS' RESPONSIBILITY STAAAAATEMENTTEMENTTEMENTTEMENTTEMENT

Pursuant to the provisions of subsection (2AA) of Section 217 of the Companies Act, 1956, your Directors confirmthat:

(i) in the preparation of Annual Accounts for the financial year ended 31st March, 2010, the applicable accountingstandards have been followed along with the proper explanation relating to material departures, if any;

(ii) the directors have selected such accounting policies and applied them consistently and made judgments andestimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of thecompany at the end of the financial year and of the profit and loss account of the company for that period:

(iii) the directors have taken proper and sufficient care for the maintenance of adequate accounting records inaccordance with the provisions of this Act for safeguarding the assets of the company and for preventing anddetecting fraud and other irregularities

(iv) the directors have prepared the annual accounts on a going concern basis.

CONSERVCONSERVCONSERVCONSERVCONSERVAAAAATION OF ENERGYTION OF ENERGYTION OF ENERGYTION OF ENERGYTION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EX, TECHNOLOGY ABSORPTION AND FOREIGN EX, TECHNOLOGY ABSORPTION AND FOREIGN EX, TECHNOLOGY ABSORPTION AND FOREIGN EX, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS ANDCHANGE EARNINGS ANDCHANGE EARNINGS ANDCHANGE EARNINGS ANDCHANGE EARNINGS ANDOUTOUTOUTOUTOUTGOGOGOGOGO

The details regarding Energy Conservation, Technology Absorption, Foreign Exchange Earnings and Outgo as requiredby section 217(1)(e) of the Companies Act, 1956 read with the Companies (Disclosure of the particulars in the reportof the Board of Directors) Rules, 1988 are given as Annexure and forms part of this report.

CORPORACORPORACORPORACORPORACORPORATE GOTE GOTE GOTE GOTE GOVERNANCEVERNANCEVERNANCEVERNANCEVERNANCE

Report on Corporate Governance as stipulated under Clause 49 of the Listing Agreement forms part of this AnnualReport. Certificate from the Auditors of the Company, confirming compliance of the conditions of Corporate Governanceas stipulated under the aforesaid Clause 49 is annexed to this Report.

18

Balaji AMINES LTD.


INDUSTRIAL RELAINDUSTRIAL RELAINDUSTRIAL RELAINDUSTRIAL RELAINDUSTRIAL RELATIONSTIONSTIONSTIONSTIONS

The relationship with employees, suppliers and customers across the Company are cordial.

SOCIAL RESPONSIBILITYSOCIAL RESPONSIBILITYSOCIAL RESPONSIBILITYSOCIAL RESPONSIBILITYSOCIAL RESPONSIBILITY

The Company has undertaken various community projects in and around solapur/ osmanabad district areas throughBalaji Foundation & Research Centre. The Company has undertaken the following activities during the year.

a. Started a clinic with a visiting Doctor for rural under privilged, needy people at Tammalwadi in a placeprovided by village Gram Panchayat.

b. Conducting Health camps in villages where there are no doctors.

c. Encouraging rural youth for pursuing their dreams in education, sports and other activities.

d. Employing rural youth by providing appropriate vocational training.

AAAAACKNOCKNOCKNOCKNOCKNOWLEDGMENTSWLEDGMENTSWLEDGMENTSWLEDGMENTSWLEDGMENTS

Your Directors acknowledge the tremendous services rendered by the employees of the company at all the levelstowards its overall success. Your Directors also express their grateful appreciation for the support and co-operationreceived from Banks, Government authorities, Customers, Vendors and members.

For and on behalf of the Board of Directors

Secunderabad M. R. KRISHNAIAHM. R. KRISHNAIAHM. R. KRISHNAIAHM. R. KRISHNAIAHM. R. KRISHNAIAH29 July, 2010 Chairman


Balaji AMINES LTD.

ANNEXURE TANNEXURE TANNEXURE TANNEXURE TANNEXURE TO THE DIRECO THE DIRECO THE DIRECO THE DIRECO THE DIRECTTTTTOR'S REPORTOR'S REPORTOR'S REPORTOR'S REPORTOR'S REPORT

PPPPPARTICULARS REQUIRED UNDERARTICULARS REQUIRED UNDERARTICULARS REQUIRED UNDERARTICULARS REQUIRED UNDERARTICULARS REQUIRED UNDER

THE COMPTHE COMPTHE COMPTHE COMPTHE COMPANIES (DISCLOSURE OF PANIES (DISCLOSURE OF PANIES (DISCLOSURE OF PANIES (DISCLOSURE OF PANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF BOARTICULARS IN THE REPORT OF BOARTICULARS IN THE REPORT OF BOARTICULARS IN THE REPORT OF BOARTICULARS IN THE REPORT OF BOARD OF DIRECARD OF DIRECARD OF DIRECARD OF DIRECARD OF DIRECTTTTTORS) RULES, 1988ORS) RULES, 1988ORS) RULES, 1988ORS) RULES, 1988ORS) RULES, 1988

A.A.A.A.A. CONSERVCONSERVCONSERVCONSERVCONSERVAAAAATION OF ENERGYTION OF ENERGYTION OF ENERGYTION OF ENERGYTION OF ENERGY

(a)(a)(a)(a)(a) Energy ConservEnergy ConservEnergy ConservEnergy ConservEnergy Conservation Measures takenation Measures takenation Measures takenation Measures takenation Measures taken

The Company has an excellent team of professionals who are responsible for energy conservation oncontinuous basis with the latest trends, developments & technologies available in conserving the energyacross all the plants.

The main areas of conservation of energy are:

a. Instrumentation & Automation

b. Steam generation & Optimum recovery by synchronisation.

c. Waste Water utilisation & Conservation

d. Recovery of heat from process

Energy audits are done periodically and any further scope for improvement are being addressed foreach plant at all the units duly implementing the latest techniques, processes and methodologies.

(b)(b)(b)(b)(b) AAAAAdditional Invdditional Invdditional Invdditional Invdditional Investments and Proposals for Restments and Proposals for Restments and Proposals for Restments and Proposals for Restments and Proposals for Reduction of Consumption of Energyeduction of Consumption of Energyeduction of Consumption of Energyeduction of Consumption of Energyeduction of Consumption of Energy

a. Investment in Co-generation Power Plant

b. Heat / Steam recovery system

c. Optimising the usage of storage/ pumping system.

d. Pollution control/ waste water recovery system.

(c)(c)(c)(c)(c) Impact of the aboImpact of the aboImpact of the aboImpact of the aboImpact of the abovvvvve measurese measurese measurese measurese measures

PLANTPLANTPLANTPLANTPLANT-I-I-I-I-I

1.1.1.1.1. VVVVVent absorber packing replaced bent absorber packing replaced bent absorber packing replaced bent absorber packing replaced bent absorber packing replaced by Py Py Py Py Paul rings:aul rings:aul rings:aul rings:aul rings:

a. Loss of MMA reduced due to more absorption.

b. Frequent cleaning of MMA column reboiler reduced.

c. Coefficient of MMA reduced from 0.335 to 0.325

2.2.2.2.2. VVVVVent absorber cooler replaced bent absorber cooler replaced bent absorber cooler replaced bent absorber cooler replaced bent absorber cooler replaced by more HTy more HTy more HTy more HTy more HTA exchanger:A exchanger:A exchanger:A exchanger:A exchanger:

a. Loss of MMA through vent absorber reduced due to more cooling.

PLANTPLANTPLANTPLANTPLANT-II-II-II-II-II

1.1.1.1.1. Separate feed arrangement for feeding MEA+DEA mix:Separate feed arrangement for feeding MEA+DEA mix:Separate feed arrangement for feeding MEA+DEA mix:Separate feed arrangement for feeding MEA+DEA mix:Separate feed arrangement for feeding MEA+DEA mix:

a. It has become easy to change the feed composition.

b. It has become easy to reduce N/C ratio to produce more TEA

PLANTPLANTPLANTPLANTPLANT-III-III-III-III-III

1.1.1.1.1. Mechanical seal fixed to RMechanical seal fixed to RMechanical seal fixed to RMechanical seal fixed to RMechanical seal fixed to Reactor "B" in place of gland:eactor "B" in place of gland:eactor "B" in place of gland:eactor "B" in place of gland:eactor "B" in place of gland:

a. Loss of DMA reduced which was through gland.

PLANTPLANTPLANTPLANTPLANT-VIII:-VIII:-VIII:-VIII:-VIII:

1.1.1.1.1. New extra solution making mass floNew extra solution making mass floNew extra solution making mass floNew extra solution making mass floNew extra solution making mass flow installed:w installed:w installed:w installed:w installed:

Benefits:Benefits:Benefits:Benefits:Benefits:

a. Solution preparation rate has increased from 50 mtpd to 150 mtpd

PLANTPLANTPLANTPLANTPLANT-X:-X:-X:-X:-X:

1.1.1.1.1. New preheater fixed to preheat DEG at E1New preheater fixed to preheat DEG at E1New preheater fixed to preheat DEG at E1New preheater fixed to preheat DEG at E1New preheater fixed to preheat DEG at E1000005:5:5:5:5:


a. Steam consumption reduced at E105.

20

Balaji AMINES LTD.


2.2.2.2.2. Shell & tube preheater remoShell & tube preheater remoShell & tube preheater remoShell & tube preheater remoShell & tube preheater removvvvved & double pipe preheater fixed at caustic scrubber circulation:ed & double pipe preheater fixed at caustic scrubber circulation:ed & double pipe preheater fixed at caustic scrubber circulation:ed & double pipe preheater fixed at caustic scrubber circulation:ed & double pipe preheater fixed at caustic scrubber circulation:


a) Frequent shut down due to frequent leakage of preheater stopped.

(d)(d)(d)(d)(d) TTTTTotal Energy Consumption and energy Consumption per unit of productionotal Energy Consumption and energy Consumption per unit of productionotal Energy Consumption and energy Consumption per unit of productionotal Energy Consumption and energy Consumption per unit of productionotal Energy Consumption and energy Consumption per unit of production -Form 'A' attached hereto

BBBBB..... TECHNOLOGY ABSORPTION (ENCLOSED IN FORM B)TECHNOLOGY ABSORPTION (ENCLOSED IN FORM B)TECHNOLOGY ABSORPTION (ENCLOSED IN FORM B)TECHNOLOGY ABSORPTION (ENCLOSED IN FORM B)TECHNOLOGY ABSORPTION (ENCLOSED IN FORM B)

Efforts made in technology absorption - Form B attached hereto

C.C.C.C.C. FOREIGN EXFOREIGN EXFOREIGN EXFOREIGN EXFOREIGN EXCHANGE EARNINGS AND OUTCHANGE EARNINGS AND OUTCHANGE EARNINGS AND OUTCHANGE EARNINGS AND OUTCHANGE EARNINGS AND OUTGOGOGOGOGO

As the global market is evidencing the recessionary trend, your company has made sustained efforts in exploring,export markets. The particulars are as under:

111110.0.0.0.0. FFFFForeign exchange earnings and outgooreign exchange earnings and outgooreign exchange earnings and outgooreign exchange earnings and outgooreign exchange earnings and outgo

CURRENT YEARCURRENT YEARCURRENT YEARCURRENT YEARCURRENT YEAR

EarningsEarningsEarningsEarningsEarnings US DollarsUS DollarsUS DollarsUS DollarsUS Dollars 4585878.124585878.124585878.124585878.124585878.12 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 222221,65,35,8801,65,35,8801,65,35,8801,65,35,8801,65,35,880 in Exportsin Exportsin Exportsin Exportsin Exports

EuroEuroEuroEuroEuro 5656565656180180180180180333331.761.761.761.761.76 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 37,58,99,27537,58,99,27537,58,99,27537,58,99,27537,58,99,275 in Exportsin Exportsin Exportsin Exportsin Exports

GBPGBPGBPGBPGBP 27272727271769.361769.361769.361769.361769.36 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 2,02,02,02,02,02,29,22,29,22,29,22,29,22,29,20000011111 in Exportsin Exportsin Exportsin Exportsin Exports

PREVIOUS YEARPREVIOUS YEARPREVIOUS YEARPREVIOUS YEARPREVIOUS YEAR

US Dollars 3498876.75 equivalent to INR 15,42,60,740 in Exports

Euro 5685380.90 equivalent to INR 36,87,69,946 in Exports

GBP 132800.00 equivalent to INR 1,01,11,520 in Exports

CURRENT YEARCURRENT YEARCURRENT YEARCURRENT YEARCURRENT YEAR

OutgoOutgoOutgoOutgoOutgo US DollarsUS DollarsUS DollarsUS DollarsUS Dollars 15151515150000094.1394.1394.1394.1394.13 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 7,24,407,24,407,24,407,24,407,24,4011111 FFFFFor commission toor commission toor commission toor commission toor commission towwwwwardardardardardsales promotionsales promotionsales promotionsales promotionsales promotion

EUREUREUREUREUROOOOO 7988.007988.007988.007988.007988.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 5,38,2425,38,2425,38,2425,38,2425,38,242

US DollarsUS DollarsUS DollarsUS DollarsUS Dollars 229.00229.00229.00229.00229.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 111110,5520,5520,5520,5520,552 FFFFFor Ror Ror Ror Ror Regn. & Regn. & Regn. & Regn. & Regn. & Renewenewenewenewenewal exp.al exp.al exp.al exp.al exp.

EUREUREUREUREUROOOOO 99999000.00000.00000.00000.00000.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 5,98,6805,98,6805,98,6805,98,6805,98,680 FFFFFor Ror Ror Ror Ror Regn. & Regn. & Regn. & Regn. & Regn. & Renewenewenewenewenewal exp.al exp.al exp.al exp.al exp.

US DollarsUS DollarsUS DollarsUS DollarsUS Dollars 44393.0044393.0044393.0044393.0044393.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 222221,25,6371,25,6371,25,6371,25,6371,25,637 FFFFFor traor traor traor traor travvvvveling expenseseling expenseseling expenseseling expenseseling expenses

EUREUREUREUREUROOOOO 393939393900.0000.0000.0000.0000.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 2,72,72,72,72,71,01,01,01,01,05353535353 FFFFFor traor traor traor traor travvvvveling expenseseling expenseseling expenseseling expenseseling expenses

EUREUREUREUREUROOOOO 22969.0422969.0422969.0422969.0422969.04 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 14,97,314,97,314,97,314,97,314,97,30606060606 TTTTTooooowwwwwards Exhibition chargesards Exhibition chargesards Exhibition chargesards Exhibition chargesards Exhibition charges

US DollorsUS DollorsUS DollorsUS DollorsUS Dollors 47747747747747700.0000.0000.0000.0000.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 222221,73,8601,73,8601,73,8601,73,8601,73,860 FFFFFor consultancy Chargesor consultancy Chargesor consultancy Chargesor consultancy Chargesor consultancy Charges

US DollarsUS DollarsUS DollarsUS DollarsUS Dollars 135135135135135000.00000.00000.00000.00000.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 62,37,00062,37,00062,37,00062,37,00062,37,000 FFFFFor Import of Machineryor Import of Machineryor Import of Machineryor Import of Machineryor Import of Machinery

US DollarsUS DollarsUS DollarsUS DollarsUS Dollars 11111181818181817653.1717653.1717653.1717653.1717653.17 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 56,656,656,656,656,61,56,11,56,11,56,11,56,11,56,11111111111 for import of Rfor import of Rfor import of Rfor import of Rfor import of Raaaaaw Materialsw Materialsw Materialsw Materialsw Materials

EUREUREUREUREUROOOOO 11111167516751675167516750.000.000.000.000.00 equivequivequivequivequivalent to INRalent to INRalent to INRalent to INRalent to INR 888881,23,4651,23,4651,23,4651,23,4651,23,465

PREVIOUS YEARPREVIOUS YEARPREVIOUS YEARPREVIOUS YEARPREVIOUS YEAR

US Dollars 9356.74 equivalent to INR 4,06,320 For commission towardsales promotion

US Dollars 1979.00 equivalent to INR 88,612 For Regn. & Renewal exp.

EURO 11625.00 equivalent to INR 7,77,690 For Regn. & Renewal exp.

US Dollars 40891.79 equivalent to INR 21,61,130 For traveling expenses

EURO 2245.91 equivalent to INR 1,39,348 For traveling expenses

Yenn 5640.20 equivalent to INR 33,195 For traveling expenses

EURO 33496.62 equivalent to INR 21,69,205 Towards Exhibition charges

US Dollors 76500.00 equivalent to INR 32,68,318 For consultancy

US Dollars 787107.00 equivalent to INR 3,31,21,587 For Import of Machinery

US Dollars 18334591.28 equivalent to INR 83,63,84,214 for import of Raw Materials


Balaji AMINES LTD.

FORM AFORM AFORM AFORM AFORM A

FFFFForm of Disclosure of particulars with respect to Consumption of Energyorm of Disclosure of particulars with respect to Consumption of Energyorm of Disclosure of particulars with respect to Consumption of Energyorm of Disclosure of particulars with respect to Consumption of Energyorm of Disclosure of particulars with respect to Consumption of Energy

A.A.A.A.A. POPOPOPOPOWER AND FUEL CONSUMPTIONWER AND FUEL CONSUMPTIONWER AND FUEL CONSUMPTIONWER AND FUEL CONSUMPTIONWER AND FUEL CONSUMPTION

Sl.No. Sl.No. Sl.No. Sl.No. Sl.No. PPPPParticularsarticularsarticularsarticularsarticulars Current YCurrent YCurrent YCurrent YCurrent Yearearearearear Previous Year

1.1.1.1.1. ElectricityElectricityElectricityElectricityElectricity

a) Purchased Units 53735835373583537358353735835373583 8955875

Total Amount Rupees 2532492532492532492532492532491717171717 36572439

Average rate per unit Rupees 4.74.74.74.74.711111 4.08

b) Own Generation

I. Through Diesel Generator

II. Units 777771569315693156931569315693 437326

Total amount Rupees 85268526852685268526181818181811111 6368848

Average cost per unit Rupees 111111.91.91.91.91.911111 14.56

III. Through Steam turbine

IV. Units 1111111111111110000059365936593659365936 —

Total amount rupees 2675288626752886267528862675288626752886 —

Average rate per unit 2.42.42.42.42.411111 —

2.2.2.2.2. CoalCoalCoalCoalCoal

I. Coaking Coal for Boiler (MT) 635635635635635000005.745.745.745.745.7411111 39938.700

Total Cost Rupees 244324263244324263244324263244324263244324263 177010816

Average rate per MT 3847.283847.283847.283847.283847.28 4432.06

3.3.3.3.3. Furnace OilFurnace OilFurnace OilFurnace OilFurnace Oil — —

4.4.4.4.4. Other (Agricultural wOther (Agricultural wOther (Agricultural wOther (Agricultural wOther (Agricultural waste)aste)aste)aste)aste)

I. Bagassee

Quantity (MT) ————— —

Total Cost Rupees ————— —

Average rate per MT ————— —

II. Fire wood

Quantity (MT) 176.94176.94176.94176.94176.94 —

Total Cost Rupees 352835283528352835281515151515 —

Average rate per MT 1993.981993.981993.981993.981993.98 —

BBBBB..... CONSUMPTION PER UNIT OF PRCONSUMPTION PER UNIT OF PRCONSUMPTION PER UNIT OF PRCONSUMPTION PER UNIT OF PRCONSUMPTION PER UNIT OF PRODUCODUCODUCODUCODUCTIONTIONTIONTIONTION

Sl.No. Sl.No. Sl.No. Sl.No. Sl.No. PPPPParticularsarticularsarticularsarticularsarticulars Current YCurrent YCurrent YCurrent YCurrent Yearearearearear Previous Year

1.1.1.1.1. ElectricityElectricityElectricityElectricityElectricity

I. Total Production (MT)

a) Aliphatic Amines and Derivatives 438043804380438043809.2289.2289.2289.2289.228 38874.268

II. Electricity (KWH) 392.5392.5392.5392.5392.500000 241.63

III. Furnace Oil (Liters) —

22

Balaji AMINES LTD.


FORM BFORM BFORM BFORM BFORM B

FFFFForm of Disclosure of Porm of Disclosure of Porm of Disclosure of Porm of Disclosure of Porm of Disclosure of Particulars with respect to Tarticulars with respect to Tarticulars with respect to Tarticulars with respect to Tarticulars with respect to Technology Absorptionechnology Absorptionechnology Absorptionechnology Absorptionechnology Absorption

A.A.A.A.A. RESEARRESEARRESEARRESEARRESEARCH AND DEVELOPMENTCH AND DEVELOPMENTCH AND DEVELOPMENTCH AND DEVELOPMENTCH AND DEVELOPMENT

1.1.1.1.1. Specific Areas in which the companSpecific Areas in which the companSpecific Areas in which the companSpecific Areas in which the companSpecific Areas in which the company carries out R&D.y carries out R&D.y carries out R&D.

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