You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Alkyl Amines slips after CFO Rahul Mehta resigns

Capital Market 

Alkyl Amines Chemicals fell 3.36% to Rs 3090 after the company's chief financial officer (CFO) Rahul Mehta tendered his resignation on 21 September 2020.

He has been relieved from his duties with effect from the said date, the company said in a BSE filing made after market hours on Monday (21 September 2020).

The scrip extended its decline for second day. The stock has lost 7.49% in two days.

Alkyl Amines Chemicals is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical & water treatment industries, among others.

The company's consolidated net profit surged 50.4% to Rs 52.78 crore on a 7.9% fall in net sales to Rs 245.15 crore in Q1 FY21 over Q1 FY20.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 22 2020. 13:00 IST