Diamines & Chemicals Limited — Others, 06-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Diamines and Chemicals Limited has disclosed a utilization update of funds raised through a preferential issue totaling ₹50.58 crore, completed on October 1, 2024. For the quarter ending December 31, 2024, the company has reported a deviation in fund use, indicating that only ₹12.51 crore (25% of the issue) has been utilized for capital expenditures and working capital. No changes have been made to the original objectives for the funds. This announcement may lead to a neutral sentiment among investors, as the company is progressing with its capital plans, despite a slower fund deployment.