Amines & Plasticizers Limited has informed the Exchange about General Updates - Intimation To Members Regarding Circulation Of Form DPT-1, I.E., Circular Inviting Unsecured Deposits From Members.
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Amines & Plasticizers Limited has circulated Form DPT-1 to its members, inviting unsecured deposits following shareholder approval at the 50th AGM held on September 25, 2025. The company plans to raise Rs. 2,500 lakhs from resident members only, offering interest rates of 9% (1 year), 9.50% (2 years), and 10% (3 years) with a minimum deposit of Rs. 50,000. As of September 30, 2025, outstanding deposits stood at Rs. 11.06 crore across 61 depositors, well below the statutory ceiling of Rs. 89.12 crore. The funds will be used for working capital and general corporate purposes. The company reported a profit after tax of Rs. 39.89 crore in FY25 with an interest coverage ratio of 5.61, and there are no defaults in deposit or interest repayment.
This is a routine deposit-raising exercise from existing shareholders only, not a public issue. Existing members can earn up to 10% on a 3-year deposit, but the deposits are unsecured, unrated, and rank pari passu with other unsecured liabilities. No material negative impact on stock price is expected as the company remains profitable with no deposit defaults.