Diamines and Chemicals Limited announced a private placement of 916,390 convertible warrants at a price of INR 138 per warrant for the gross proceeds of INR 126,461,820 on July 9, 2024. The transaction will include participation from new investors The transaction has been approved by the shareholders of the company. The warrant exercise price is INR 414 per warrant.

The Warrants are exercisable, in 1 or more tranches only within a period of 18 months from the date of allotment of the Warrants.