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

Diamines & Chemicals Limited received trading approval from BSE Limited and National Stock Exchange of India Limited for 2,69,402 equity shares allotted pursuant to the conversion of warrants issued on a preferential basis. The shares were listed and admitted to dealings on both exchanges starting June 12, 2026. This development increases the listed capital of the company to ₹10,05,33,920, comprising 1,00,53,392 fully paid equity shares of ₹10 each.

The approval follows applications submitted to the exchanges, with NSE issuing letter reference NSE/LIST/55629 and BSE issuing reference LOD / PREF / SV / 247/2026-2027, both dated June 11, 2026. The equity shares, bearing distinctive numbers from 9783991 to 10053392, were issued at a premium of ₹542 per share to promoters and non-promoters.

Lock-in Details

A portion of the newly issued shares is subject to a lock-in period as per regulatory requirements. The schedule ensures stability for the shares issued to promoters.

Regulatory Disclosures

The company provided the disclosures under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding the granting of key licenses or regulatory approvals. The trading approval allows the company to commence trading of the converted warrants, thereby expanding its equity base in the market.