AGM Details

The 20th Annual General Meeting of Deep Industries Limited is scheduled to be held on Tuesday, September 1, 2026 at 11:00 a.m. IST through Video Conferencing/Other Audio-Visual Means. The deemed venue is the registered office at 12A & 14, Abhishree Corporate Park, Ambli Bopal Road, Ambli, Ahmedabad – 380058, Gujarat.

Annual Report Submission

Book Closure Period

The Register of Member and Share Transfer Books will remain closed from Wednesday, August 26, 2026 till Tuesday, September 1, 2026 (both days inclusive) for determining members entitled to attend and vote at the AGM.

Cut-off Date for Voting Entitlement

Tuesday, August 25, 2026 has been fixed as the cut-off date to determine shareholders' entitlement to cast vote electronically and attend the AGM.

E-voting Arrangements

The company has availed remote e-voting and e-voting services from MUFG Intime India Private Limited. The remote e-voting period begins on Friday, August 28, 2026 at 09:00 a.m. IST and ends on Monday, August 31, 2026 at 05:00 p.m. IST.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, along with Reports of Board of Directors and Auditors

2. To declare a Final Dividend of ₹2.50 per Equity Share for financial year 2025-26

3. To re-appoint Mr. Rohan Vasantkumar Shah (DIN: 09154526) as Director who retires by rotation

Special Business:

4. To approve Material Related Party Transactions proposed to be entered into by the Company with estimated value up to:

  • ₹120 crore with Dolphin Offshore Enterprises (India) Limited (13.47% of company's annual turnover)
  • ₹350 crore with Beluga International (IFSC) Private Limited (39.29% of company's annual turnover)

5. To approve Material Related Party Transactions between subsidiaries with estimated value up to:

  • ₹100 crore between Deep Exploration Services and RAAS Equipment
  • ₹180 crore between Deep Methane and RAAS Equipment

6. To approve remuneration of Mr. Shail Manoj Savla as President with effect from October 1, 2026, comprising:

  • Salary: up to ₹6,00,000 per month
  • Perquisites and amenities including car, telephone, mobile, electricity charges, insurance premium up to ₹6,00,000 p.a., and club fee up to ₹4,50,000 p.a.

7. To alter Articles of Association by inserting Article 8A for issuance of shares pursuant to Employee Stock Option Scheme

8. To approve 'Deep Industries Limited Employee Stock Option Scheme 2026' for grant of up to 1,500,000 options convertible into equity shares of ₹5 each

Financial Information

The company's annual consolidated turnover as on March 31, 2026 is ₹890.71 crore. The proposed RPTs represent significant percentages of this turnover as detailed in the explanatory statement.

Dividend Payment Details

If approved, dividend will be paid to:

  • Beneficial owners of dematerialized shares as per data from NSDL and CDSL as of close of business on Friday, August 21, 2026
  • Physical shareholders after giving effect to valid transmission/transposition requests as of close of business on Friday, August 21, 2026

ESOP Scheme Details

The DIL ESOP SCHEME 2026 contemplates:

  • Maximum 1,500,000 options grantable
  • Each option convertible into one equity share of ₹5 face value
  • Vesting period: minimum 1 year, maximum 5 years from grant date
  • Exercise price not less than face value of share
  • Eligibility: Employees and Directors (excluding promoters, promoter group, independent directors, and directors holding >10% equity)

Scrutinizer Appointment

Mr. Rajesh Parekh, Partner, RPAP & Co., Practicing Company Secretaries has been appointed as Scrutinizer for the voting process.

Result Declaration

The voting results along with Scrutinizer's Report will be placed on company website www.deepindustries.com and communicated to stock exchanges within two working days of AGM conclusion.