“He has been relieved from his duties with effect from the said date,” the company said in a BSE filing made after market hours on Monday (21 September 2020).

The scrip extended its decline for second day. The stock has lost 7.49% in two days.

Alkyl Amines Chemicals is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical & water treatment industries, among others.

The company's consolidated net profit surged 50.4% to Rs 52.78 crore on a 7.9% fall in net sales to Rs 245.15 crore in Q1 FY21 over Q1 FY20.