Deep Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 12, 2026.
DEEPINDS · price
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Deep Industries' Board met on March 12, 2026 and approved four key items. First, the company will amend its main object clause to add green energy as a new business vertical, subject to shareholder approval. Second, Mr. Shalin Harshadbhai Patel, a Chartered Accountant and CFA with over 19 years of experience in corporate finance, has been appointed as an Additional Non-Executive Independent Director for a 5-year term from March 12, 2026 to March 11, 2031, pending shareholder approval. Third, a Postal Ballot Notice was approved to seek shareholder consent for these items. Fourth, the Board approved the sale of 15,00,000 (15 lakh) 10% Optionally Convertible Redeemable Preference Shares (OCRPS) of Raas Equipment Private Limited to a related party, with further disclosures to follow once the transfer is completed.
The move into green energy signals strategic diversification beyond the company's existing business, which could open new growth avenues for shareholders. The related party sale of OCRPS in Raas Equipment is a notable transaction that shareholders should monitor for further disclosures. The new Independent Director brings strong financial expertise to the board.