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Diamines & Chemicals informs about outcome of board meeting

10 Aug 2022 Evaluate
Diamines & Chemicals has informed that at the meeting of the Board of Directors of the company held today, the following businesses were approved; consideration and approval of standalone and consolidated Unaudited Financial Results along with Limited Review Report for the period ended June 30, 2022 as per Regulation 33 of SEBI (LODR) Regulations, 2015; Approval of sell/ transfer of industrial plot (leasehold land & Building) situated at plot no. D-II/E-16 in Dahej industrial Estate, Dahej, Ankleshwar at book value to the Company's Wholly Owned Subsidiary i.e., DACL Fine Chem against the issuance of securities (Equity/ Preference shares) to be issued for consideration other than cash on right basis, after fulfilling necessary formalities and compliances and local regulatory approvals. The transaction of such sale of land with DACL Fine Chem is a related party falling within the definition and belongs to the promoter/ promoter group/ group companies. However, the transaction does not fall under related party transactions which require any regulatory approval as the same is outside the purview of applicability of regulation 23 of SEBI (LOADR) regulation 2015.

The above information is a part of company’s filings submitted to BSE.

Diamines & Chemicals Share Price

277.80 -0.60 (-0.22%)
08-May-2026 16:59 View Price Chart
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