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An update from Balaji Amines Limited ( (IN:BALAMINES) ) is now available.
Balaji Amines Limited has issued a clarification regarding a defamatory article published in the Economic Times, which falsely accused the company of producing pharmaceutical-grade chemicals without a license. The company refutes these claims, stating that they only manufacture technical and food grade Propylene Glycol and have not supplied any pharmaceutical-grade products. Balaji Amines emphasizes their commitment to transparency and compliance with regulations, noting that there is no ongoing investigation by Indian authorities as suggested in the article.
More about Balaji Amines Limited
Balaji Amines Limited is a leading manufacturer in India specializing in the production of various chemicals, including Propylene Glycol, primarily for technical and food grade applications. The company is known for being a major import substitute producer and adheres to national and international standards, maintaining high corporate governance and regulatory compliance.
Average Trading Volume: 4,288
Technical Sentiment Signal: Strong Sell
Current Market Cap: 44.32B INR
For an in-depth examination of BALAMINES stock, go to TipRanks’ Overview page.