The Nomination and Remuneration Committee (NRC) of diamines & chemicals approved the grant of 3000 stock options to eligible employees under the DACL Employee Stock Option Plan 2021 (ESOP-2021). The decision was taken during a meeting held on August 04, 2026, marking the eighth tranche of grants under the scheme. This move aims to align employee interests with long-term shareholder value through equity participation.

Grant Details and Terms

The company disclosed the grant pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR') and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The ESOP-2021 was originally approved by shareholders on July 20, 2021, in compliance with the SEBI (Share Based Employee Benefits) Regulations, 2014, which were later replaced by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SEBI SBEBSE'). The plan was subsequently updated by the NRC and the Board on May 11, 2022.

Each option carries the right to apply for and be allotted one equity share of ₹ 10 face value. The exercise price for eligible employees is determined based on their appointment terms, allowing for grants either at the face value of ₹ 10 or at 50% of the market price, defined as the closing price of the previous trading day from the grant date.

Scheme Status and Limits

The total number of options that can be granted under the ESOP Plan is capped at 2,00,000, representing 2% of the total paid-up share capital. Each exercised option converts into one fully paid-up equity share. The current grant of 3000 options falls within this limit.

As per the disclosure, historical activity under the scheme includes the exercise of 750 options, which resulted in money realized of ₹ 7500. Additionally, 9643 options have lapsed. The total number of shares outstanding following these exercises stands at 10,053,392. There have been no variations to the terms of the options, and the newly granted 3000 options are yet to be exercised, meaning they do not currently impact diluted earnings per share.

Diamines & Chemicals announced that its wholly owned subsidiary, DACL Fine Chem Limited, has signed a binding term sheet to acquire industrial land for expansion. The agreement, signed on June 29, 2026, involves purchasing approximately 50 acres of freehold land at Auro Industrial Park in Kakinada, Andhra Pradesh. The primary objective of this acquisition is to set up a new chemical plant, signaling a strategic move to increase production capacity.

The transaction is structured with a total consideration of ₹40 crores, divided into two tranches. Tranche 1 involves a payment of ₹28 crores, while Tranche 2 accounts for ₹12 crores, both subject to final measurement. These amounts exclude stamp duty and registration fees. The seller, Kakinada SEZ Limited, has entered into this arrangement which is not classified as a related party transaction.

The binding term sheet is valid until June 30, 2027. The final definitive agreement, which will outline the precise terms of the transfer, is yet to be negotiated and executed separately. This interim agreement secures the land and sets the financial framework for the eventual purchase.

Details of Land Acquisition