Diamines & Chemicals Ltd.'s Subsidiary Signs Binding Term Sheet for Chemical Plant Land Acquisition
Diamines & Chemicals Ltd.’s Wholly Owned Subsidiary, DACL Fine Chem Limited, has signed a Binding Term Sheet for the acquisition of industrial land intended for setting up a new chemical plant. The agreement was finalized on June 29, 2026, with Kakinada SEZ Limited, which is the seller of the asset.The deal involves acquiring freehold industrial land spanning approximately 50 acres, situated at Auro Industrial Park in Kakinada, Andhra Pradesh. This strategic move aims to facilitate the establishment of a new chemical plant for DACL Fine Chem Limited.
Salient terms regarding this land acquisition are detailed below:
| Detail | Description |
|---|---|
| Asset Acquired | Industrial freehold land of approximately 50 acres at Auro Industrial Park, Kakinada, Andhra Pradesh |
| Date of Signing | June 29, 2026 |
| Purpose of Acquisition | Setting up a new chemical plant |
| Seller | Kakinada SEZ Limited |
| Consideration Structure | ₹ 28 crores for Tranche 1 land and ₹ 12 crores for Tranche 2 land, excluding stamp duty and registration fees |
| Term Sheet Validity | June 30, 2027 |
The acquisition is currently structured through a Binding Term Sheet. The transaction remains subject to the negotiation and execution of a final Definitive Agreement.
The terms confirm that the transaction does not fall under related party transactions, and the details reflect the agreement between the parties at arm's length.
DIAMINESQ Stock Price Movement
As of 3:23 PM, shares of Diamines & Chemicals Limited are slipping by 2.12% in live trading, currently standing at ₹235.85. The stock maintained a narrow intraday range, which spanned from a low of ₹234 to a high of ₹243, with 3,449 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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