Deepak Fertilisers' subsidiary DMSL completed the acquisition of explosives manufacturer Chardham Chemicals for ₹121.45 crore plus transaction costs.
The acquisition provides DMSL with a full range of explosives products to support its mining services and export markets.
The transaction, completed on 6th May 2026, was a 100% stake purchase for cash consideration with no regulatory approvals required.
Chardham Chemicals was incorporated in 2021 and reported nil turnover for the last three financial years.