Diamines & Chemicals Reports Deviation in Fund Utilization
Diamines & Chemicals Ltd has submitted a Statement of Deviation & Variation under Regulation 32 of SEBI LODR 2015 for the quarter ended June 30, 2026. The company raised ₹50.58 Cr through preferential issue via warrants, with allotment of equity shares on conversion occurring on October 01, 2024, and March 24, 2026. The filing indicates a deviation in the utilization of funds. The original objects for fund utilization were capital expenditures, working capital, acquisition, investment in technology, and general corporate purposes. The utilized amounts for the quarter were ₹12.51 Cr and ₹11.15 Cr, with the latter being for the quarter ended June 30, 2026. The company states that the entire fund has been utilized as of June 30, 2026.
Key Highlights
- Company reports deviation in fund utilization as per SEBI LODR 2015.
- Funds were raised via preferential issue of warrants totaling ₹50.58 Cr.
- Partial utilization reported for Q4 FY26 and Q1 FY27 (ended June 30, 2026).
- Entire fund utilization confirmed as of June 30, 2026.
- No specific explanation provided for the deviation.
Price Impact
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