Amal Ltd Management Discussions

The Company manufactures bulk chemicals such as Sulphuric acid, Oleum and their downstream products such as Sulphur dioxide and Sulphur trioxide at its manufacturing site in Ankleshwar. These chemicals are used in several industries, such as Dyestuffs, Fertilisers, Personal Care, Petrochemicals, Pharmaceuticals and Textiles. The products are generally sold within a 200 km radius of the manufacturing site.

During the year, revenue from operations increased from

4,888 lakh to 8,491 lakh. The world market for Sulphuric acid is estimated at about 310 million tonnes per annum and the Indian market at about 18.5 million tonnes per annum. Both markets are growing at about 3% per annum.

The manufacturing plant of our Company in Ankleshwar has an installed capacity of 140 tonnes per day of Sulphuric acid (including downstream products). Optimising the product mix remains a key growth factor. Success in this business depends on ensuring high capacity utilisation, excellent conversion efficiency and full deployment of the steam. The facility at Amal Speciality Chemicals has stabilised operations and has a manufacturing capacity of 300 tonnes per day of Sulphuric acid (including downstream products).

The products manufactured by the Company are commodities in nature whose prices and contribution margins fluctuate significantly.

INTERNAL CONTROL SYSTEMS

The internal control systems of the Company are commensurate with the nature of its business and the size and complexity of its operations. These are routinely tested, certified and upgraded wherever required by the Statutory as well as the Internal Auditors covering all key areas of business. Observations, follow-up actions, and related recommendations thereon are reported to the Senior Management and Audit Committee for their review.

The Company works with reputed firms specialising in internal audit functions. These combined efforts help our Company adopt best practices for managing its business.

HUMAN RESOURCES

We believe that people are the foundation on which our business is built and this remains a key focus area. It continues its efforts to institutionalise and upgrade HR processes. In particular, it focused on improving its processes related to recruitment, training and development, performance management and succession planning in order to manage a dynamic and growing business.

The total number of team members in our Company is 81 as of March 31, 2026. This includes team members employed by us and those working in its subsidiary company, Amal Speciality Chemicals.