Diamines & Chemicals Limited has informed the Exchange that the Company has received disclosure dated March 25, 2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
DIAMINESQ · price
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Diamines & Chemicals Limited has informed the stock exchanges that it received a disclosure from the promoter group (led by Amit M. Mehta) under Regulation 29(2) of SEBI's Takeover Regulations. The disclosure relates to the conversion of 2,63,602 warrants into equity shares on a preferential basis on March 24, 2026. As a result, the company's total share capital increased from 97,83,990 shares to 1,00,53,392 shares. The promoter and promoter group's combined holding rose from 55.98% to 57.10% of paid-up share capital, and from 51.24% to 53.70% on a diluted basis. Individual promoter holdings like Amit M. Mehta moved from 13.16% to 13.52%, Cherry A. Mehta from 11.07% to 11.45%, and others saw proportional increases.
This is a routine warrant-to-equity conversion by the promoter group, which increases promoter ownership by about 1.12 percentage points and dilutes minority shareholders slightly. It signals continued promoter confidence in the company but does not materially change control dynamics since the promoter group already held majority stake.