Appointment of M/s RPAP & Co., Practicing Company Secretary as the Secretarial Auditors of the Company for the Term of 5 Years
DEEPINDS · price
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Deep Industries' board, at its August 4, 2025 meeting, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). The board re-appointed Mr. Paras Shantilal Savla as Chairman & Managing Director and Mr. Rupesh Kantilal Savla as Managing Director, each for 5 years from September 1, 2025, and re-appointed Mr. Rohan Shah as Whole-time Director and two Independent Directors (Dr. Kirit Shelat and Mrs. Shaily Dedhia) for a second 5-year term, all subject to shareholder approval. M/s RPAP & Co. was appointed as Secretarial Auditor for 5 years (April 1, 2025 to March 31, 2030). The board also approved a substantial acquisition in Deep Natural Resources Limited (making it a subsidiary), alteration of the main objects to enter chemicals and hydrocarbon fluids manufacturing, and fixed August 22, 2025 as the record date for the FY25 final dividend.
Continuity at the top with multiple directors re-appointed for fresh 5-year terms signals management stability for shareholders. The push into chemicals/hydrocarbons manufacturing and the new subsidiary acquisition point to business diversification, while the confirmed record date means eligible shareholders stand to receive the FY25 final dividend.