YEAR EVENTS 1979 - The Company was incorporated on 17th October, at Mumbai. The company was promoted by Yogesh M. Kothari, other members of the family and DSP Financial Consultants Ltd. The Company Manufacture aliphatic amines such as mono ethyl amine, diethyl amine, mono cyclohexyl amine, di cyclohexyl amine, N-butyl amine, etc. - The Company entered into a technical collaboration agreement with Leonard Process Co. Inc., U.S.A. (LPCO) under which LPCO were to provide the company process design and know how for the manufacture of Amines, operating manuals for the plants and guarantee the performance of the plant. - A collaboration agreement was entered with Acid Amines Technology Inc. U.S.A for technical knowhow package and for putting up a new amines plant to cater to the demand for amines. 1981 - 7 Equity shares subscribed for by the signatories to the Memorandum of Association. 2,00,000 pref. and 10,99,993 No. of equity shares issued at par through a prospectus. 2,99,993 No. of equity shares reserved for allotment to Yogesh M. Kothari, his relatives, etc., 1,00,000 No. of equity shares each reserved for allotment to DSP Financial Consultants Ltd., and SICOM and 2,00,000 pref. and 6,00,000 No. of equity shares offered to the public in December 1980. Preference shares redeemable during 20.1.1993/96. 1987 - 2,20,000 rights shares issued at par in prop. 1:5. 11,000 No. of equity shares allotted at par to employees. 1989 - A letter of intent was received for enhancement of production capacity to 8,500 MT per annum of aliphatic amines. The Company undertook to put up a new amines plant in order to cater to the demand for amines. This plant was to produce Methylamines and Ethyl amines. - A collaboration agreement was entered with Acid Amines Technologie Inc. USA, for technical know-how package and for putting up the plant. 1991 - Diethyl, Hydroxylamine and butalamines were introduced. - During April-May, the Company offered 3,16,686 - 14% secured redeemable partly convertible debentures of Rs 145 each on rights basis in the proportion 6 debentures: 25 equity shares held (all were taken up). - Another 15,834 debentures were issued to the employees on an equitable basis (only 15,709 debentures taken up). Unsubscribed 125 debentures were allowed to lapse. - Rs 45 of the face value of each debenture was to be converted into 1 equity share of Rs 10 each at a premium of Rs 35 per share on the expiry of 6 months from the date of allotment of debentures. Accordingly 3,32,395 share were allotted. - Remaining Rs 100 of the face value of each debenture was to be redeemed in 3 annual instalments of Rs 30, Rs 35 and Rs 35 respectively at the expiry of 6th, 7th and 8th year from the date of allotment of debentures. 1992 - The Company issued 25,000-14% cumulative redeemable preference shares of Rs 100 each to General Insurance Corporation of India and its subsidiaries and allotted them on 2nd April. These are redeemable after 10 years from the date of allotment. 1993 - The Company proposed to implement their speciality chemicals project through its subsidiary Alkyl Organics Ltd. - During June-July, the Company issued 9,98,037 No. of equity shares of Rs 10 each for cash at a premium of Rs 20 per share each with a detachable warrant on rights basis in proportion 3:5. 1995 - Plant for Diethyl Toluamide and Diethyl Phenyl Acetamide was commissioned. Plant for diethyl hydroxylamine was being commissioned. - The Company entered into a strategic marketing alliance with Rohm & Haas of USA for marketing of their primene range of amines in India. 1996 - The Company commissioned multipurpose plants to make various amine derivatives in their facilities at Kurkumbh. The Company commissioned multipurpose plants to manufacture Diethyl Toluamide and Diethyl phenyle acetamide which have repellant properties for usage by plants like Bayer India Ltd. - The Company proposed to set up a dedicated 10,000 tpa Ethylamines plant at Kurkumbh to improve quality, get better yields and at lower cost of production. - 9,96,185 No. of equity shares issued on warrant holders exercising their rights for conversion. Warrants were issued through a letter of offer issued in May 1993. In August 1996, Company allotted 9,96,185 No. of equity shares of Rs 10 each at a prem. of Rs 30 per share against warrants. 1997 - The Company streamlined its plant for manufacture of Dimethylaminopropolyamine and improved its efficiency. - 36,52,610 bonus equity shares issued in prop. 1:1. 1998 - During the year the company undertook to set up a Hydrogen plant at Kurkumbh. - The Company entered into a joint venture with Goldschmidt AG, Germany, leading manufacturers of industrial surfactants and speciality chemicals with emphasis on organo-modified silicone based chemistry. - The Company alonwith Mr. Amit Mehta & Associates proposed to acquire from M/s. Sintex Industries Ltd. and their Associate BVM Finance Ltd., their controlling sake of 32% of the share capital of Diamines and Chemicals Ltd., Baroda subject to approval of BIFR and participating Financial Institutions. 2000 - Alkyl Amines Chemicals has commissioned two new plants - Ethylamines and hydrogen at its Kurkumbh facility near Pune in Maharashtra.e 2007 -Alkyl Amines Chemicals Ltd has has appointed Mr. Suneet Y Kothari as Executive Director of the Company. 2008 - The Board has recommended a dividend of Rs 2.50 (25%) per equity share. - "Export Import Bank of India have appointed Ms. Rima Marphatia as their Nominee Director on our Board of Directors. 2009 - The Board has recommended a dividend of Rs 2/- Per equity share. 2010 - The Board has recommended a dividend of Rs 3/- per share. 2011 - The Board has recommended a dividend of Rs. 3 per share, 2012 - The Board has recommended a dividend of Rs. 4 per share. - Ms. Meena Verma is appointed as Nominee Director of the Board. 2013 -Board has recommended a dividend of Rs. 5/- per share. 2014 -Board has recommended a dividend of Rs. 8 per equity share of Rs. 10 each (i.e. 80%). -Alkyl Amines Chemicals has splits its face value from Rs 10/- to 5/- 2015 -Alkyl commissions 2 MW solar power plant in Maharashtra 2017 Alkyl Amines Chemicals Limited has informed that Amalgamation of Alkyl Speciality Chemicals Ltd with Alkyl Amines Chemicals Ltd. 2020 -Alkyl Amines Chemicals allots 2705 equity shares under ESOS 2021 -Alkyl Amines Chemicals Ltd. has said that the Board of Directors has considered and approved the following business matters subject to the approval of shareholders through postal ballot: a) Sub-division of Equity Share of face value of Rs.5/- each fully paid up to Equity Shares of face value of Rs. 2/- each fully paid up. 2022 -Second Hydrogen plant commissioned at Kurkumbh. -DEK plant commissioned at Kurkumbh. -Captive solar power plant commissioned at Manwath. 2023 The Company has informed that 'Commencement of Commercial Production at Kurkumbh, Maharashtra'.