Subsidiary to acquire 50-acre land in Kakinada for new chemical plant

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Price reactionminutes from the announcement price · days from the prior close

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₹240.00

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.3% vs market

Specialty Chemicals peers, median of 96sector-0.8%+0.8% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.8 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Wholly Owned Subsidiary DACL Fine Chem Limited signed a Binding Term Sheet on June 29, 2026 with Kakinada SEZ Limited to buy about 50 acres of freehold industrial land at Auro Industrial Park, Kakinada, Andhra Pradesh. The land will be used to set up a new chemical plant. Total consideration is Rs 40 crores (Rs 28 crores for Tranche 1 and Rs 12 crores for Tranche 2), excluding stamp duty and registration, subject to final measurement. The term sheet is valid till June 30, 2027; a final definitive agreement will be separately negotiated.

Likely market impact

Signals a major greenfield expansion for long-term growth. Adds to capex; future plant setup costs and definitive agreement still pending.