Date: July 10, 2026
Disinvestment / Strategic Actions
Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite Limited, has issued and allotted 1,20,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of ₹100 each to Deepak Phenolics Limited (DPL), another wholly-owned subsidiary of Deepak Nitrite Limited. The total investment amounts to ₹120.00 Crores.
Transaction Details:
- Investment made at par value (₹100 per share)
- Transaction completed on July 10, 2026
- Both DCTL and DPL are Related Parties as per Indian Accounting Standards and Companies Act, 2013
- Transaction executed on an "arms length" basis
- No governmental or regulatory approvals required
Target Entity Background (DCTL):
- Incorporated on October 9, 2020
- Operating plants for Fluorination, Nitric Acid, Nitration and Hydrogenation
- Pursuing projects across various sites in Gujarat
- Country of operation: India
Capital Structure (Prior to Investment):
- Paid-up capital: ₹2504.50 Crores
- Equity Shares: ₹499.50 Crores (100% held by Deepak Nitrite Limited)
- Preference Shares: ₹2,005 Crores
Turnover History:
- FY 2025-26: ₹172.23 Crores
- FY 2024-25: ₹9.43 Crores
- FY 2023-24: ₹0.86 Crores
Post-Investment Ownership:
- Deepak Nitrite Limited continues to hold 100% of Equity Share Capital of DCTL
- Deepak Nitrite Limited along with DPL holds indirectly 100% of Preference Share Capital of DCTL
Purpose of Investment:
To strengthen the capital base of DCTL and support project expenses and general corporate purposes. The business carried on by DCTL is within the main line of business of the listed entity (chemical industry).