Balaji Amines now eligible for ₹258-crore subsidy, waivers in Maharashtra unit expansion

Speciality chemicals maker Balaji Amines Ltd on Wednesday (January 7) said it has received an eligibility certificate from the Directorate of Industries, Government of Maharashtra, for its unit-4 expansion at Chincholi MIDC, Solapur.

The certificate, dated January 2, 2026, and received on January 7, 2026, recognises the company under the mega projects – investment based/100% gross basis scheme of the Package Scheme of Incentives (PSI)-2013.

Under the scheme, the company is entitled to an industrial

promotion subsidy (IPS) of ₹258 crore, covering 50% of SGST payable on eligible finished products sold in Maharashtra.

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The incentives also include exemption from electricity duty and 100% exemption from stamp duty for a period of seven years, effective from January 1, 2024, to December 31, 2030, in line with government notifications from the Revenue and Forest Department.

Second Quarter Results

Balaji Amines' net profit fell 15.6% year-on-year to ₹34.5 crore from ₹41 crore in the same period last year. Revenue from operations stood at ₹340.5 crore, down 1.8% from ₹346.8 crore a year earlier.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) remained nearly flat at ₹59.8 crore compared to ₹60.6 crore last year. Operating margins were stable at 17.5% versus 17.4% a year ago.

Also Read: Balaji Amines share fall up to 7% after weakness persists on revenue, margins in Q4

Shares of Balaji Amines Ltd ended at ₹1,070.60, down by ₹1.50, or 0.14%, on the BSE.