This smallcap stock zooms over 13% as firm gets ₹258 crore incentive from Maharashtra govt; all you need to know

“This is to inform you that the Directorate of Industries, Government of Maharashtra, has issued an Eligibility Certificate dated 2nd January, 2026, received on 7th January, 2026, for expansion of the unit under Mega Projects – Investment Based/100% Gross Basis under the Package Scheme of Incentives – 2013 (the Scheme),” Balaji Amines said in a regulatory filing.

The company further said that it is eligible for incentives under the Industrial Promotion Subsidy (IPS), including a subsidy of ₹258.01 crore, equivalent to 50% of the SGST payable on sales of eligible finished products in Maharashtra.

It will also receive an exemption from electricity duty and a 100% waiver of stamp duty for seven years, from January 1, 2024, to December 31, 2030, as per the relevant government notification.

Set up in 1988, Balaji Amines Limited (BAL) is one of the leading manufacturers of aliphatic amines in India, catering to the growing requirements of value-based speciality chemicals. BAL commenced manufacture of methylamines in the year 1989 and subsequently added facilities for the manufacture of ethylamines and other derivatives of methylamines and ethylamines.

Balaji Amines share price

At 10:35 AM, Balaji Amines shares were trading at ₹1,206 apiece on the National Stock Exchange, soaring 12.66%.

In a month, shares of the firm have gained nearly 10%, while for six months’ time, they have tumbled nearly 37%. On a year-on-year basis, Balaji Amines shares have slumped almost 31%.

According to NSE, the company has a market capitalisation of ₹3,901.73 crore.

Shares of Balaji Amines had touched their one-year high of ₹1,980 apiece on January 9, 2025, while their 52-week low of ₹1,065.6 was hit on January 6, 2026.