Diamines & Chemicals Ltd. Forfeits ₹ 8,79,04,344/- from Non-Exercise of Warrant Conversion Option

Diamines & Chemicals Ltd. has announced the forfeiture of ₹ 8,79,04,344/- from the non-exercise of the option to convert warrants. The company had allotted 9,06,390 convertible warrants, each convertible into one fully paid-up equity share, for an issue price of ₹ 552/- per warrant. Out of these, 6,36,988 warrants were not converted within 18 months from the date of allotment, i.e., on or before March 31, 2026, leading to their lapse and the forfeiture of the initial subscription amount of ₹ 138/- per warrant. The total amount forfeited is ₹ 8,79,04,344/-. The reconciliation of warrants as of date shows that 2,69,402 warrants were converted by promoters and non-promoters, while 6,36,988 warrants lapsed.