Amines & Plasticizers Limited — Important, 18-11-2024: Updates

The company has sent an intimation to shareholders regarding an unsecured deposit scheme, which was approved during the 49th AGM. The circular includes details about the deposit scheme, application form, and statutory auditors' certification. Unsecured deposits will be accepted exclusively from resident members, with a proposed target of ₹2,500.00 crores. The interest rate varies based on the duration of the deposit, ranging from 9% for one year to 10% for three years. Applications can be submitted via a downloadable form available on the company website. Overall, this move is aimed at raising funds to support working capital requirements and general corporate purposes, reflecting a positive outlook for the company as it seeks to enhance its financial flexibility. Investors should watch closely for the results of this fundraising initiative.