YEAR EVENTS 1976 - The Company was incorporated as a Public Limited Company on 12th May, and it obtained the Certificate of Commencement of Business on 16th July, from the Registrar of Companies, Gujarat at Ahmedabad. - The Company was jointly promoted by the Bharat Vijay Mills Ltd., Kalol (Gujarat) and Cellulose Products of India Ltd. - The main objective of the company is to manufacture of ethylenediamine and polamines such as diethylenetriamine, triethlenetetramine and other polyethylene polyamines used mainly for the manufacture of pesticides and fungicides, textiles, auxiliaries, paints and adhesives, drug intermediates, auxiliaries, paints and adhesives, drug intermediates, paper, petroleum additives, rubber chemicals and plastics. - 40,000 shares issued to promoters, directors, etc. 3,60,000 shares issued at par out of which the following shares were reserved and allotted: 5,20,000 shares to The Bharat Vijay Mills Ltd., and Cellulose Products of Indian Ltd., 50,000 shares each to LIC and GIC and 70,000 shares to employees and business associates of the two promoter companies. 6,70,000 shares offered for public subscription during November 1979. 1983 - The company achieved an average capacity utilisation of 58% as against 14% in the previous year. - 4,48,000 rights equity shares issued at par in prop. 8:25 in 1985 - The profitability, however, was adversely affected due to factors such as increase in the cost of inputs and higher downtime in some of the initial equipment subject to corrosion, power tripping, etc. The company installed a 500 KVA diesel generating set. 1988 - A letter of intent was received from enhancement of ethylenediamine capacity from 2,000 tpa to 5,000 tpa. 1989 - During the period, the company entered into a Co-promoters Agreement with PICUP for Rifampicin Project of 100 tpa capacity. 1990 - The Company undertook implementation of phase-III of modernisation-cum-expansion programme to expand the installed capacity to 2,600 tpa. - A Company in the name and style of Hindustran Biotech Ltd. (HBL), was incorporated for setting up the said bulk drug project. 1991 - The company received offers from Grace Rexolin, Sweden (W.R. Grace, U.S.A.) for the technology know-how for manufacture of N-methyl piperazine (NMP), ammino methyl piperazine (AMP) and N-ethyl piperazine (NEP), etc. - The HBL unit was at an advanced stage for setting up the bulk drugs project at Sikandrabad, U.P. PICUP sanctioned the necessary loans for the same. - During the year, the Company signed a Memorandum of Understanding with the Gujarat Industrial Investment Corporation Ltd. (GIIC), to set upan integrated chemical complex in the joint sector for the manufacture of ethylenedichloride (EDC) in the backward area of Gujarat State. - The company issued 1,25,000-20% secured redeemable non-convertible debentures of Rs. 100 each on private placement basis with UTI (75,000 debentures) and LIC (50,000 debentures). - The debenture issued to UTI are redeemable in three equal annual instalments commencing from 7th February, 1997 and ending on 7th February, 1999 and the debentures issued to LIC are redeemable in three equal annual installments commencing from the February 1998 and ending on 7th February, 2000. - 50,580 No. of equity shares of Rs. 10 each at a premium of Rs. 28.75 per share. 2008 - Company has informed that the designated Email Id of the grievance redressal division/compliance officer exclusively for the purpose of registering complaints by investor is: secretarial@dacl.co.in 2010 - Diamines & Chemicals Ltd has appointed Mr. Girish R. Satarkar as an Executive Director w.e.f. April 13, 2010. 2011 -Diamines & Chemicals has given the Bonus in the Ratio of 1:2 2012 - The company has recommended dividend @ 10% (Rs. 1/- per Equity Share). 2013 - The company has recommended dividend @ 5% (Rs. 0.50 per Equity Share).