BALAMINESBSEBalaji Amines Ltd-$HighNegative
Announced Fri, 15 May · 18:39 IST

Intimation Regarding Resignation of Senior Management Personnel of the Company''s Material Subsidiary viz. Balaji Speciality Chemicals Limited

Cfo ResignedKmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹1692.00
prior close
₹1674.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.5-1.3-1.7-2.4+1.1+8.5+7.3+7.9+12.9+7.9+33.5+30.1+34.2
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AI summary

Balaji Amines Ltd has disclosed the resignation of Mr. Pardeepsingh Rameshsingh Watwani as Chief Financial Officer (CFO) of its material subsidiary, Balaji Speciality Chemicals Limited. The resignation is effective from 15th May, 2026. Watwani cited personal career growth and better opportunities as the reason for his departure. The company stated that a smooth handover of responsibilities will be ensured. This disclosure is made under SEBI Listing Regulation 30, which requires immediate intimation of material events affecting listed entities.

Likely market impact

The departure of the CFO from a material subsidiary may raise concerns about transition management and governance continuity at Balaji Speciality Chemicals Limited. Investors in Balaji Amines should monitor for prompt appointment of a replacement CFO to maintain financial oversight at the subsidiary level.