Deepak Nitrite Subsidiaries' ₹80 Crore Preference Share Allotment

Date: September 29, 2026

Board Meeting Outcomes

Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has allotted 80,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) of ₹100 each to Deepak Phenotics Limited (DPL), another wholly owned subsidiary of the Company. The allotment aggregates to ₹80 Crores and was made at par value.

Financial Results (Standalone & Consolidated)

Deepak Chem Tech Limited Financials:

• Present paid-up capital (prior to allotment): ₹2919.50 Crores
• Equity Shares: ₹499.50 Crores
• Preference Shares: ₹2420 Crores
• Turnover History:
• FY 2025-26: ₹172.23 Crores
• FY 2024-25: ₹9.43 Crores
• FY 2023-24: ₹0.86 Crores

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Disinvestment / Strategic Actions

Transaction Details:

• Nature: Inter-subsidiary investment through preference share allotment
• Instrument: 9% Optionally Convertible Redeemable Preference Shares (OCRPS)
• Face value: ₹100 per share
• Total consideration: ₹80 Crores
• Pricing: At par value (₹100 per share)
• Transaction basis: Arm's length

Ownership Impact:

• Pre-allotment: Deepak Nitrite Limited held 100% of Equity Share Capital and, along with DPL, held indirectly 100% of Preference Share Capital of DCTL
• Post-allotment: Deepak Nitrite Limited continues to hold 100% of Equity Share Capital of DCTL and, along with DPL, holds indirectly 100% of Preference Share Capital of DCTL

Objects and Effects:

The infusion of funds into DCTL by DPL is to strengthen the capital base of DCTL and support DCTL in carrying out project expenses and general corporate purpose. The business carried on by DCTL is not outside the main line of business of the listed entity.

Company Background:

• DCTL Incorporation Date: October 9, 2020
• Operations: Operating plants for fluorination, nitric acid, nitration, and hydrogenation
• Projects: Pursuing projects across various sites in Gujarat
• Geographic Presence: India

Other Operational / Legal / Strategic Disclosures

Related Party Transaction:

DCTL and DPL, both being wholly owned subsidiaries of the Company, are Related Parties as per relevant provisions of Indian Accounting Standards as well as Companies Act, 2013. The transaction is classified as a Related Party Transaction but conducted at arm's length basis.