Diamines & Chemicals logo

Diamines & Chemicals CEO, MD, chairman, board of directors and AGM

NSE: DIAMINESQBSE: 500120Chemicals & PetrochemicalsSmall Cap

Last close ₹230.13down ₹11.68 (4.83%)BSE ₹230.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹241.81.

52-week range of traded prices to 23 Oct 2026
₹208.01Low, 24 Mar 2026₹307.50High, 1 Dec 2025
Market cap
₹231 Cr2,274th largest listed
P/E
Lossover the last 12 months
P/B
1.5
Dividend yield
Nonein the last 12 months
ROE
−6.3%
ROCE
−8.0%
Debt to equity
0.05
Volume, NSE
4,78191.6% delivered

Diamines & Chemicals board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and chief executiveAmit MehtaRelated to the promoter
  • Company SecretaryHemaxi Pawar

6 directors3 independent2 executive1 non-executive

  • Amit Mehta · Chairperson and chief executiveExecutive · joined Apr 2020 · reappointed Apr 2023 · 1 listed board · 1 committee seat
  • Tanmay GodiawalaExecutive · joined Feb 2024 · reappointed Feb 2024 · 1 listed board
  • Rajendra ChhabraNon-executive · joined Nov 2020 · reappointed Nov 2023 · 1 listed board · 1 committee seat, 1 as chair
  • Priyam JhaveriIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 2 listed boards · 1 as independent · 2 committee seats
  • Dhruv MehtaIndependent · joined Dec 2019 · reappointed Dec 2024 · 78 months as independent · 1 listed board · 1 as independent
  • Kejal PandyaIndependent · joined Apr 2018 · reappointed Apr 2023 · 98 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 18 May 20266 of 6 present3 independent · 54 days in between
    • 24 Mar 20266 of 6 present3 independent
    • 12 Feb 20265 of 6 present2 independent

  • Audit Committee

    Chair Dhruv Mehta

    Rajendra Chhabra, Kejal Pandya, Priyam Jhaveri

    • 18 May 20264 of 4 present3 independent · 95 days in between
    • 11 Feb 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Priyam Jhaveri

    Rajendra Chhabra, Dhruv Mehta

    • 18 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Rajendra Chhabra

    Priyam Jhaveri, Amit Mehta, Kejal Pandya

    • 18 May 20264 of 4 present2 independent · 95 days in between
    • 11 Feb 20263 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Amit Mehta

    Rajendra Chhabra, Tanmay Godiawala, Kejal Pandya

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • K C MEHTA & CO LLPPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Diamines & Chemicals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Diamines & Chemicals dividend history

Annual general meeting, 16 Sep 2026

13,032 shareholders on the register on 9 Sep 2026; present: 5 promoters and 26 others; votes counted by Mr. Prashant Prajapati / M/s Sandip Sheth & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2026 together with the Reports of the Board of Directors’ and Auditors’ thereon including the Audited Consolidated Financial Statement of the Company for the year ended on March 31, 2026MoreLess
    Ordinary
    95.44% for4.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.34%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  2. To appoint a Director in place of Mr. Tanmay Godiawala (DIN: 07084668) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    95.43% for4.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.38%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  3. Ratification of Remuneration of Cost Auditor
    Ordinary
    95.44% for4.56% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.34%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  4. Reappointment of Mr. Tanmay Godiawala (DIN: 07084668) as a Director
    Special
    95.43% for4.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.38%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  5. Reappointment of Mr. Rajendra Chhabra as a Non-Executive Director in the category of professional Director
    Special
    95.43% for4.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.38%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  6. To approve payment of Remuneration of Mr. Rajendra Chhabra as Non- Executive Director in the category of Professional Director exceeding fifty per cent of the total Remuneration / Compensation fees payable to all the other Non-Executive of the Company for the Financial Year 2026-2027MoreLess
    Special
    95.43% for4.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.38%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  7. To approve payment of Remuneration of Mr. Rajendra Chhabra as Non- Executive Director in the category of Professional Director exceeding fifty per cent of the total Remuneration / Compensation fees payable to all the other Non-Executive of the Company for the Financial Year 2027-2028MoreLess
    Special
    95.43% for4.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.38%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

  8. Commission to Non-Executive Director
    Special
    95.43% for4.57% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.38%

    Turnout: all 64.73% · promoters 99.81% · institutions 0.00% · other public 15.08%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 4 Sep 2025, 7 resolutions

13,937 shareholders on the register on 28 Aug 2025; present: 4 promoters and 29 others; votes counted by Mr. Sandip Sheth / M/s Sandip Sheth & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2025 together with the Reports of the Board of Directors’ and Auditors’ thereon including the Audited Consolidated Financial Statement of the Company for the year ended on March 31, 2025MoreLess
    Ordinary
    97.83% for2.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.08%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

  2. To appoint a Director in place of Mr. Rajendra Chhabra (DIN: 00093384) who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.79%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

  3. To declare Final Dividend of Rs. 1/- per Ordinary (Equity) share of Rs. 10/- each for the financial year 2024-2025
    Ordinary
    97.83% for2.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.08%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

  4. Ratification of Remuneration to Cost Auditor
    Ordinary
    97.83% for2.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.08%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

  5. To Confirm Appointment and Remuneration of M/S Sandip Seth and Associates, Secretarial Auditor for a term of 5 years
    Ordinary
    97.83% for2.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.08%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

  6. Re-appointment of Mr. Amit Mehta (DIN: 00073907) as an Executive Chairman
    SpecialPromoters have an interest in it
    97.83% for2.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.08%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

  7. To approve payment of Remuneration of Mr. Rajendra Chhabra as Non- Executive Director in the category of Professional Director exceeding fifty per cent of the total Remuneration / Compensation/ fees payable to all the other Non-Executive of the Company for the Financial Year 2026-27MoreLess
    Special
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 44.82%

    Turnout: all 59.11% · promoters 100.00% · institutions 0.55% · other public 6.64%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Sep 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To consider and approve appointment of Mr. Priyam Jhaveri, (DIN: 00045038), as a Non-Executive Independent Director
    Ordinary
    98.07% for1.93% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.77%

    Turnout: all 58.08% · promoters 100.00% · institutions 0.00% · other public 5.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 1 Aug 2024, 8 resolutions

Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended on March 31, 2024 together with the Reports of the Board of Directors’ and Auditors’ thereon including the Audited Consolidated Financial Statement of the Company for the year ended on March 31, 2024.MoreLess
    Ordinary
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.27%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  2. To appoint a Director in place of Mr. Amit Mehta (DIN: 00073907) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.27%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  3. To declare Final Dividend of Rs.2.50 per Ordinary (Equity) share of Rs.10/- each for the financial year 2023-2024.
    Ordinary
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.27%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  4. Ratification of Remuneration to Cost Auditor
    Ordinary
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.28%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  5. Continuation of term of Mr. Amit Mehta (DIN: 00073907) as an Executive Chairman upon attaining age of Seventy Years
    SpecialPromoters have an interest in it
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.29%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  6. Re-appointment of Mr. Dhruv Mehta (DIN: 02083226) as an Independent Non-Executive Director of the company
    Special
    98.18% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.28%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  7. To approve payment of Remuneration of Mr. Rajendra Chhabra as Non- Executive Director in the category of Professional Director exceeding fifty per cent of the total Remuneration/Compensation fees
    Special
    98.17% for1.82% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.31%

    Turnout: all 60.70% · promoters 100.00% · institutions 0.00% · other public 11.26%

  8. Issue of warrants on preferential basis to the person / entity belonging to the promoter / promoter group and non-promoter category
    SpecialPromoters have an interest in it
    95.04% for4.96% against

    Against: promoters 0.00% · institutions 0.00% · other public 47.53%

    Turnout: all 62.23% · promoters 100.00% · institutions 0.00% · other public 14.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Mar 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Tanmay Godiawala (DIN: 07084668) as a Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 6.84%

  2. Revision in Remuneration of Mr. Amit Mehta (DIN: 00073907) Executive Chairman of the Company
    SpecialPromoters have an interest in it
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.65%

    Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 6.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeState Tax Officer, GST AuthoritySince 29 Sep 2023
    Case for FY 2017-18 under Section 73 CGST ACT,2017 is Pending with Appellate authority as we have gone to appeal. The demand amount of order under appeal is Rs. 7.44 lakhs. (Original demand Rs. 15.77 Lakh)MoreLess
  • Tax disputeState Tax Officer, GST AuthoritySince 20 May 2024
    Case for FY 2019-20 under Section 73 CGST ACT,2017 is Pending with Appellate authority as we have gone to appeal. The demand amount of order under appeal is Rs. 47.86 lakhs. (Original demand Rs. 134 lakhs)MoreLess
  • Tax disputeState Tax Officer, GST AuthoritySince 20 May 2024
    Case for FY 2019-20 under Section 74 CGST ACT,2017 is Pending with Appellate authority as we have gone to appeal. The demand amount of order under appeal is Rs. 8.46 lakhs. (Original demand Rs. 8.26 Lakh)MoreLess
  • Tax disputeState Tax Officer, GST AuthoritySince 22 Oct 2024
    Case is for FY 2020-21, Original demand was Rs. 118 lakhs Under Section 73 CGST ACT,2017. The demand amount of order under appeal is Rs. 34.11 lakhs. (Original demand Rs. 118 lakhs)
  • Tax disputeState Tax Officer, GST AuthoritySince 22 Oct 2024
    Case is for FY 2020-21, Original demand was Rs. 0.11 lakhs Under Section 74 CGST ACT,2017 . We have submitted our response, awaiting order from State Tax Officer.
  • Tax disputeState Tax Officer, GST AuthoritySince 11 Sep 2025
    Case is for FY 2021-22, Original demand was Rs. 304.88 lakhs Under Section 73 CGST ACT,2017. The demand amount of order under appeal is Rs. 33.03 lakhs. (Original demand Rs. 304.88 lakhs)
  • Tax disputeCommission of Income Tax (Appeals) [CIT(A)]Since 26 Sep 2018
    Case is for AY 2017-18. CIT(A) had granted partial relief by order passed on 16-06-2025 against which the assessee has preferred an appeal before the ITAT and as on 30 Sept 2025 appeal was heard by the ITAT. The order is passed on 8-10-2025 wherein the issue is remanded back to the office of the AO.Current disputed amount reduced to Rs.30.10 lakhs .We have paid Rs.9.69 lakhs as pre-deposit, and the refund for AY 2023-24 amounting to Rs. 57.92 lakhs has been adjusted against the demand for the AY 2017-18 including interest.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesMar 202637.52capital expenditures, working capital requirements, acquisition, investment in technology and for general corporate purpose11.1511.15No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.