Balaji Amines Limited has informed the Exchange about Intimation Under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Balaji Amines has informed the exchanges that the ongoing Middle East war has disrupted global shipping and supply chains, with key raw material suppliers invoking Force Majeure clauses. The shortage of Liquefied Natural Gas (LNG) has impacted Ammonia manufacturers in India, several of whom are unable to supply. As Ammonia is a key raw material for Balaji Amines' Methylamines, Ethylamines and derivatives, some of the company's plants are currently non-operational. The financial and operational impact cannot be estimated at this point, and the company is exploring alternative supply arrangements.
Near-term production and revenue from Methylamines and Ethylamines are likely to be affected until Ammonia supply is restored. The uncertainty around duration and financial impact may weigh negatively on the stock in the short term, though this is an external, industry-wide issue and not specific to the company's operations.