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Indo Amines Ltd


BSE: 524648 | NSE: NA | ISIN: INE760F01010 
Market Cap: [Rs.Cr.] 24 | Face Value: [Rs.] 10
Industry: Chemicals

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Board Meet

25-May-13 
Indo Amines Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2013, to transact the following business: 1. To consider the proposal of approval audited financial results (Standalone and consolidated) for the year ended March 31, 2013. 2. To declare a final dividend. 3. To approve the dates of closure of Register of Members & Share Transfer Books. 4. To convene the 20th Annual General Meeting and to decide about time, Venue and day. 
09-Feb-13 
Quarterly Results Indo Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2013, has appointed Mr. Rahul Palkar as a Compliance Officer cum Executive Director in place of Mrs. Jyoti Thorve, Compliance Officer. (As per BSE Announcement Dated on 12.02.2013) 
20-Nov-12 
Indo Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 20, 2012, inter alia, has recommended final dividend @10% per share subject to approval of shareholders. The amount of outflow of Dividend of Rs.121.58 Lac (One Crore Twenty One Lac Fifty Eight Thousand only). excluding the dividend Tax on enhanced capital of the Company of Rs. 12,15,83,900. (Rs Twelve Crore Fifteen Lac Eighty Three Thousand Nine Hundred only). 
12-Nov-12 
Indo Amines Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 10, 2012, inter alia, to transact the following : 1. To approval of audited accounts for the year ended March 31, 2012. 2. To approve the dates of closure of Register of Members & Share Transfer Books. 3. To declare a final dividend. 4. To convene the 19th Annual General Meeting and to decide about time, Venue and day. 5. To consider the Proposal of the approval of unaudited financial results for the quarter ended September 30, 2012. Indo Amines Ltd has informed BSE that Board Meeting and Audit Committee Meeting scheduled on November 10, 2012 has been adjourned to November 12, 2012 for approval of unaudited financial result for the quarter ended September 30, 2012. The Board Meeting and Audit Committee Meeting for Approval of Accounts for the year ended March 31, 2012 and Declaration of dividend if any, will be considered by the Board on November 20, 2012. (As Per BSE Announcement Dated On 12.11.2012) 
16-Aug-12 
Indo Amines Ltd has now informed BSE that the meeting of the Board of Directors of the Company held on August 16, 2012 has approved, inter alia, the following matters: 1. Preferential allotment of 43,00,000 convertible warrants pursuant to section 81(1A) of the Companies Act 1956 and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2009. 2. August 16,2012 fixed as 'Relevant Date' for the purpose of above issue of convertible warrants. 3. Convening of Extra-Ordinary General Meeting on September 15, 2012. 4. Increase of authorised capital and consequential changes in Memorandum and Articles of Association. 5. The Constitution of Preferential allotment committee comprising of 3 (Three) members Mr. Vijay Palkar, Mr. Rahul Palkar and Mr. N C Mane for the above issue of convertible warrants and delegating other necessary powers to the aforesaid committee members. 

AGM

20-Dec-12
AGM 20.12.2012 Indo Amines Ltd has informed BSE that the 19th Annual General Meeting (AGM) of the Company was held on December 20, 2012. (As per BSE Announcement Dated on 20.12.2012) Indo Amines Ltd has submitted to BSE a copy of the Minutes of the 19th Annual General Meeting (AGM) of the Company was held on December 20, 2012. (As per BSE Announcement Dated on 24.12.2012) 
29-Aug-11
AGM 29.08.2011 Indo Amines Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on August 29, 2011, inter alia, have accorded to the following: 1. Approval of Audited Accounts for the year ended March 31, 2011. 2. Declaration of dividends @ 3% on Equity Shares. 3. Confirmation of Interim Dividend @ 7%. 4. Re-appointment of Mr. R. R. Ravi as a Director who retires by rotation. 5. Re-appointment of Mr. Dhawal Vora, as a Director who retires by rotation. 6. Re-appointment of Mr. Suresh Iyer as a Director who retires by rotation. 7. Re-appointment of Statutory Auditors and fixing up of his remuneration. 8. Re-appointment of Mr. Nishikant Sule, an additional Director the Company. 9. Approval of commencement of new business pursuant to section 149 2(A) of the Companies, Act, 1956. 10. Commission to Dr. Deepak Kanekar as a Non Executive Chairman of the Company. (As Per BSE Announcement Website dated on 29.08.2011) Indo Amines Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on August 29, 2011, inter alia, have also accorded to the following: 1. Adoption of the audited Balance Sheet as on March 31, 2011 and the Profit and Loss Account for the year ended on that date together with Notes and Schedules thereon as on that date and the Reports of the Directors and the Auditors thereon. 2. Declaration of dividend at the rate of 3% i.e. Rs. 0.30 paise per share on 26.44 lacs equity shares of the Company for the year ended March 31, 2011. 3. Declaration of the Interim Dividend - at the rate of 7% (i.e.0.70/- paisa per share Only) aggregating to Rs. 61.68 lacs including corporate dividend tax for the year ended March 31, 2010. 4. Re-appointment of Mr. R R Ravi, Mr. Dhawal Vora & Mr. Suresh Iyer as Directors of the Company liable to retire by rotation. 5.-apointment of M/s. Kulkarni & Khanolkar & Co., Chartered Accountants, Mumbai as a Statutory Auditors of a Company for the accounting year 2011-12 on a remuneration, terms & conditions. 6. Re-appointment of Mr. Nishikant Sule, as a Director of the Company. 9. Accorded to the commencement of the business by the Company as given in sub-clause 98 of Clause (c) other objects of the Memorandum of Association. 10. Accorded to the payment of a sum not exceeding 1% (One Per Cent) of the net profits of the Company, calculated in the manner laid down in section 198, 349 and 350 of the Companies Act, 1956, by way of commission to Dr. Deepak Kanekar, Non Executive Chairman of the Company, for a period of five years commencing from April 01, 2011 Provided that, within the period covered by this resolution, the total amount of remuneration to be received by all of the Directors together shall not exceed the amount as prescribed in Schedule XIII of the Companies Act, 1956. (As Per BSE Announcement Website dated on 31.08.2011) 
27-Sep-10
AGM 27/09/2010 Indo Amines Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 27, 2010, inter alia, have accorded to the following: 1. Approval of Audited Accounts for the year ended March 31, 2010. 2. Confirmation of interim Dividend @ 7%. 3. Re-appointment of Mr. Vishwas Mehendale, as a Director who retired by rotation. 4 Re-appointment of Mr. Deepak Kanekar, as a Director who retired by rotation. 5. Re-appointment of Mr. N G Mane, as a Director who retired by rotation. 6. Re-appointment of Statutory Auditors and fixing up of their remuneration. (As Per BSE Announcement Website dated on 29.09.2010) 
30-Sep-09
AGM 30/09/2009 Indo Amines Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 30, 2009 inter alia, have accorded to the following: 1. Approval of Audited Accounts for the year ended March 31, 2009. 2. Re-appointment of Mrs. Bharati Palkar, Mr. Dhawal J Vora & Mr. Suresh Iyer, as Directors who retired by rotation. 3. Re-appointment of Statutory Auditors and fixing up of their remuneration. 4. Re-appointment of Mr. Changdeo L. Kadam, Mr. Vishwas V Mehendale & Dr. Deepak Kanekar as Directors. 5. Appointment of Mr. Changdeo L. Kadam as an Executive Director of the Company. 6. Re-appointment of Mr. G. Mane as an Executive Director of the Company. 7. Appointment of Mrs. Bharati Palkar as an Executive Director of the Company. 8. Commission to Dr. Deepak Kanekar as a Non-Executive Chairman of the Company. (As Per BSE Announcement Dated on 05/10/2009) Indo Amines Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded to the following: 1. Re-appointment of M/s. Kulkarni & Khanolkar, Chartered Accountants, Mumbai, as Statutory Auditors of the Company for the accounting year 2009-2010, on remuneration, terms & conditions. 2. Re-appointment of Mr. Narayan Mane as an Executive Director of the Company for a period of 5 (five) years with effect from April 01, 2010, on remuneration, terms & conditions. 3. Re-appointment of Mrs. Bharati Palkar as an Executive Director of the Company for a period of 5 (five) years with effect from July 01, 2009, on remuneration, terms & conditions. 4. Payment of commission to Dr. Deepak S Kanekar, Non Executive Chairman in such amounts or proportion and in such manners as may be determined by the Board of Directors from time to time and in absence of such determination such payment be made out of profits of the Company of each year during the year of 5 years commencing from July 01, 2009, on necessary terms & conditions. (As Per BSE Announcement Website dated on 04.11.2009) 
22-Sep-08
AGM 22/09/2008 Indo Amines Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on September 22, 2008, inter alia, have accorded to the following: 1. Approval of Audited Accounts for the year ended March 31, 2008. 2. Re-appointment of Mrs. Bharati Palkar, Mr. D J Shah and Mr R Raghavendra Ravi, as Directors who retired by rotation. 3. Re-appointment of Statutory Auditors and fixing up of their remuneration. 4. Re-appointment of Mr. Vijay Palkar as a Managing Director. 5. Re-appointment of Mr. Kirit Shah as a Whole Time Director. 6. Re-appointment of Mr. Rahul Palkar as an Executive Director. 7. Appointment of Mrs Ashwmi Palkar, for holding Office or in Place of Profit. (As per BSE Announcement dated on 22/09/2008) 

EGM

15-Sep-12
Indo Amines Ltd has now informed BSE that the meeting of the Board of Directors of the Company held on August 16, 2012 has approved, inter alia, the following matters: Convening of Extra-Ordinary General Meeting on September 15, 2012. Indo Amines Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on September 15, 2012. (As per BSE Announcement Dated on 06.09.2012) Indo Amines Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on September 15, 2012. (As per BSE Announcement Dated on 17.09.2012) Indo Amines Ltd has submitted to BSE a copy of Proceedings of the Extra-Ordinary General Meeting (EGM) of the Company held on September 15, 2012. (As per BSE Announcement Dated on 25.09.2012)  
20-Jun-12
Indo Amines Ltd has informed BSE that by an Order made on the May 11, 2012 in the Company Application, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Indo Amines Limited, the Applicant Company, be convened and held at C.K.P. Hall, Ram Ganesh Gadkari Path, Near Karwa Hospital, Dombivli (E), Dist. Thane - 421201 on June 20, 2012 at 12.30 P.M., to consider and if thought fit, to pass with or without modification(s) the following resolution under section 391 to 394 of the Companies Act, 1956, for approval of arrangement embodied in the Composite Scheme of Arrangement and Amalgamation proposed to be made between Versatile Chemicals Ltd, the Transferor Company and Palkar Commercials Pvt Ltd, the Resulting Company and Indo Amines Ltd the Applicant/ Transferee Company. Indo Amines Ltd has informed BSE regarding Outcome of Court Convened Meeting held on June 20, 2012. (As Per BSE Announcement Dated on 20.06.2012) 
12-Dec-11
Convening of Extra-Ordinary General Meeting on December 12, 2011 at 11.30 AM. at CKP Hall Ram Ganesh Gadakari Path, Near Karwa Hospital, Dombivli (E) Dist., Thane - 421201. Indo Amines Ltd has informed BSE that the committee members of Preferential Issue Committee at their meeting held on November 11, 2011, has approved the following: 1. Fixed Pricing of preferential issue of warrants. 2. Approved notice of Extra-Ordinary General Meeting to be held on December 12, 2011. (As Per BSE Announcment Website dated on 16.11.2011) Indo Amines Ltd has informed BSE that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on December 12, 2011, inter alia, to transact the following: 1. To increase the Authorised Share Capital of the Company from Rs. 100,000,000/- (Rupees Ten Crores only) divided into 10,000,000 (One Crores) Equity Shares of Rs. 10/- (Rupees Ten only) each to Rs. 102,500,000 (Rupees Ten Crores Twenty Five Lakhs only) divided into 10,250,000 (One Crores Two Lakhs Fifty Thousand) Equity Shares of Rs. 10/- (Rupees Ten only) each & consequential amendment in the Memorandum of Association of the Company. 2. To offer, issue and allot from time to time in one or more tranches, 5,00,000 Convertible Warrants (hereinafter referred to as 'the Warrants'), each warrant carrying right to subscribe to one equity shares of Rs. 10/- (Rupee Ten only) each at a premium of Rs. 13/- (Rupees Thirteen Only) each aggregating to an issue price of Rs. 23/- (Rupees Twenty Three only) each, determined in accordance with the terms and conditions mentioned in Regulation 76 of Chapter VII of the regulations relation of preferential allotment in the future date to the following investors (hereinafter collectively called 'proposed allottees' or 'the Warrant Holders') A. Name of the proposed allottee : Techno Holdings (India) Pvt. Ltd. (Body Corporate) Maximum number of Warrants to be issued : 1,25,000 B. Name of the proposed allottee : Techno Securities (India) Pvt. Ltd. (Body Corporate) Maximum number of Warrants to be issued : 1,25,000 C. Name of the proposed allottee : Palkar Finance and Consultancy Services Pvt. Ltd. (Body Corporate) Maximum number of Warrants to be issued : 1,25,000 D. Name of the proposed allottee : Unigroup Resources Pvt. Ltd. (Body Corporate) Maximum number of Warrants to be issued : 25,000 E. Name of the proposed allottee : Marvel Indenting Pvt. Ltd. (Body Corporate) Maximum number of Warrants to be issued : 1,00,000 (As Per BSE Announcment Website dated on 24.11.2011) Indo Amines Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 12, 2011, inter alia, have approved the following resolutions: Special Business: 1. Increase in authorised share capital from Rs. 100,000,000/- (Rupees Ten Crores only) divided into 10,000,000 (One Crores) Equity Shares of Rs. 10/- (Rupees Ten only) each to Rs. 102,500,000 (Rupees Ten Crores Twenty Five Lakhs only) divided into 10,250,000 (One Crores Two Lakhs Fifty Thousand) Equity Shares of Rs. 10/- (Rupees Ten only) each. 2. Alteration in Clause (V) of Memorandum of Association. 3. Preferential issue of 5,00,000 convertible warrants pursuant to section 81(1A) of the Companies Act, 1956 and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. (As Per BSE Announcement Website Dated on 12/12/2011) Indo Amines Ltd has submitted to BSE a copy of the Minutes of the Extra Ordinary General Meeting (EGM) of the Company held on December 21, 2011. 1. Increased the Authorised Share Capital of the Company from Rs.100,000,000/- (Rupees Ten Crores only) divided into 10,000,000 (One Crores) Equity Shares of Rs. 10/- (Rupees Ten only) each to Rs. 102,500,000 (Rupees Ten Crores Twenty Five Lakhs only) divided into 10,250,000 (One Crores Two Lakhs Fifty Thousand) Equity Shares of Rs. 10/- (Rupees Ten only) each and Consequential Amendment in the Memorandum of Association of the Company. 2. Authority to the Board to offer, issue and allot from time to time in one or more tranches, 5,00,000 Convertible Warrants(hereinafter referred to as ?the Warrants?), each warrant carrying right to subscribe to one equity shares of Rs. 10/- (Rupee Ten only) each at a premium of Rs. 13/- (Rupees Thirteen Only) each aggregating to an issue price of Rs. 23/- (Rupees Twenty Three only) each, determined in accordance with the terms and conditions mentioned in Regulation 76 of Chapter VII of the regulations relation to preferential allotment in the future date. (For more details kindly refer Corporate Announcements on www.bseindia.com). (as Per BSE Announcement Website Dated on 28/12/2011) 
02-May-11
Indo Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 02, 2011, has approved the following business: 1. Issue of 4,60,000 Convertible Warrants info Equity Shares on preferential basis subject to Issue of Capital and Disclosure Requirement Regulations, 2009 . The relevant date for the pricing of the aforesaid Issue is April 01, 2011. 2. Extra-ordinary General Meeting of the members of the Company to be held on May 02, 2011 at 12.00 noon at W-44, Phase II MIDC, Dombivli (East), Dist. Thane - 421 204. Indo Amines Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 02, inter alia, have accorded to the following: 1. Issue of 4,60,000 convertible warrants pursuant to section 81(1A) of the Companies Act, 1956 and Securities and Exchange Board of India (Issue of Capital and disclosure Requirements) Regulations, 2009 on Preferential Basis. (As Per BSE Announcement Website dated on 03.05.2011) Indo Amines Ltd has submitted to BSE a copy of proceedings of the Extra Ordinary General Meeting (EGM) held on May 02, 2011. (As Per BSE Announcement Dated on 09.05.2011) 
26-Mar-09
Indo Amines Ltd has informed BSE that the Preferential Issue Committee in its meeting held on February 26, 2009 convened an Extra Ordinary General Meeting to be held on March 26, 2009, to transact the following business: 1. To consider the proposal of increasing Authorised share Capital of the Company from Rs 8 Crores to Rs 10 Crores and approve the Consequent ional changes in Memorandum and Articles of Association. 2. To consider the proposal of issue of Rs 8,50,000 convertible warrants on preferential basic. Indo Amines Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 26, 2009, inter alia, to transact the following business: 1. To increase the Authorised Share Capital of the Company from Rs 8,00,00,000/- (Rupees Eight Crore Only) comprised of 80,00,000 (Eighty Lacs Only) number of Equity Shares of Rs 10/- each to Rs 10,00,00,000/- (Rupees Ten Crores Only) comprised of 1,00,00,000 (One Crore) number of Equity Shares of Rs 10/- each, and consequently alternation in the respective capital clauses in the Memorandum of Association of the Company. 2. To offer, issue and allot 8,50,000 Convertible Warrants, each warrant carrying right to subscribe to one equity shares of Rs 10/- each of the Company on a future date to the following Companies ("Proposed Allottees"), subject to necessary terms, provisions and approvals: i. Name of the Proposed Allotees: Vesatile Chemicals Ltd (Corporate Body) Maximum number of Warrants to be issued & allotted: 6,37,500 ii. Name of the Proposed Allottees: Unigroup Resources Pvt Ltd (Corporate Body) Maximum number of Warrants to be issued & allotted: 2,12,500 (As Per BSE Announcement Dated on 03/03/2009) Indo Amines Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 26, 2009, inter alia, have transacted the following: 1. Increase in the Authorised Share Capital from Rs 8,00,00,000/- to Rs 10,00,00,000/- of the Company. 2. Amendment to the Memorandum of Association of the Company. 3. Issue of 8,50,000 warrants pursuant section 81(1A) of the Companies Act, 1956 and SEBI (Disclosure and Investor Protection) Guidelines 2000 on Preferential basis. (As Per BSE Announcement Website dated on 26.03.2009) 

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
Castrol India 17,017.81 37.94 26.21 20.39 71.4 104.3 0.00
Pidilite Inds. 14,424.56 33.18 9.76 17.46 26.6 30.3 0.22
Godrej Inds. 9,824.71 90.46 6.17 28.98 10.0 10.5 0.46
Guj Fluorochem 3,118.41 15.17 1.46 7.96 32.8 38.4 0.37
BASF India 2,530.95 21.00 2.22 11.06 10.0 12.9 0.16
Linde India 2,039.04 94.51 1.53 15.35 4.1 4.0 0.75
Solar Inds. 1,605.29 20.87 4.70 15.37 24.5 22.9 0.75
Clariant Chemica 1,243.16 13.18 2.48 10.23 20.5 27.7 0.00
Aarti Inds. 706.15 5.38 1.05 4.42 18.2 16.0 1.20
Gulf Oil Corpn. 645.96 13.22 1.60 7.70 10.5 9.1 0.57
Tide Water Oil 624.57 10.95 2.04 6.36 20.9 28.7 0.00
Wimco 482.78 0.00 74.28 0.00 0.0 0.0 0.10
Vivimed Labs. 467.27 12.09 1.37 10.64 18.8 13.6 1.19
India Glycols 421.68 2.14 0.76 5.67 22.6 13.0 3.77
Citurgia Biochem 417.96 0.00 -236.12 0.00 0.0 0.0 3.52

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Key Information

Key Executives:

Deepak Kanekar , Chairman  

Vijay B Palkar , Managing Director & CEO  

Kirit H Shah , Whole-time Director  

Rahul V Palkar , Executive Director & CFO  

Company Head Office / Quarters:
W-44 Phase II MIDC,
Dombivli (East),
Thane,
Maharashtra-421203
Phone : 91-251-2871354/2870941/28730529/939
Fax : 91-251-2871635
E-mail :
info@indoaminesltd.com
admin@indoaminesltd.com
Web : http://www.indoaminesltd.com
Registrars:
Big Share Services Pvt Ltd
E-2/3 Saki Vihar Rd
Ansa Indl Estate
Saki Naka Andheri-E
Mumbai - 400 072

Fund Holding

 
Scheme Name No. of Shares
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