Specialty Chemical Player Sets Rs 11 Dividend—Record Date On Aug 1; Technical Setup Here For Upside

Founded in 1988, Balaji Amines Limited (BAL) is one of India's top producers of aliphatic amines. Amines & specialty chemicals, hotel division, and other sectors are the three business divisions of the corporation. For the upcoming dividend payment of Rs 11 per share, the specialty chemical company's Board of Directors has set a record date. Nevertheless, the stock did not gain pace as a consequence of this announcement, and on Friday, the share price finished 1.97% down on the BSE at Rs 1762.25 per share, with a market capitalization of around Rs 5,710 Cr.

Balaji Amines Dividend

"As informed earlier, the Board of Directors at its meeting held on Wednesday, 28th May, 2025, had recommended a final dividend of Rs 11 per equity share of Rs 2 each of the Company for approval by the shareholders at the Annual General Meeting ("AGM") scheduled to be held on Friday, 08th August, 2025. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, 1st August, 2025, as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2025. If the final dividend as recommended by the Board of Directors is approved at the AGM, payment of such dividend, subject to deduction of tax at source, will be made within 30 days from the date of the AGM as under: a) To all Beneficial Owners in respect of shares held in dematerialized form as per the data as may be made available by the National Securities Depository Limited and the Central Depository Services (India) Limited as of the close of business hours on Friday, 1st August, 2025; b) To all Members in respect of shares held by them in physical form after giving effect to valid transmission or transposition requests lodged with the Company as of the close of business hours on Friday, 1st August, 2025," said Balaji Amines in a stock exchange filing.

Balaji Amines Share Price Target

"Balaji Amines is attempting a trend reversal after a prolonged downtrend. The stock has taken support around ₹1,750 and is now eyeing resistance at ₹1,850. A breakout above ₹1,850 can open up upside targets of ₹1,920-₹2,000. On the downside, ₹1,750 remains a key support level. Momentum indicators are turning favorable, and traders may consider a buy-on-dips approach with a stop-loss below ₹1,740 for short-term gains," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.