Deep Industries Limited has informed the Exchange regarding Appointment of Mr Dr. Kirit Nanubhai Shelat as Non- Executive Independent Director of the company w.e.f. November 10, 2025.
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Deep Industries Limited's board, meeting on August 4, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The board approved re-appointment of Mr. Paras Shantilal Savla as Chairman & Managing Director and Mr. Rupesh Kantilal Savla as Managing Director, both for a 5-year term starting September 1, 2025. Mr. Rohan Vasantkumar Shah was re-appointed as Whole-time Director for 5 years effective June 24, 2026, and Independent Directors Dr. Kirit Nanubhai Shelat and Mrs. Shaily Dedhia were re-appointed for second 5-year terms. The board also approved a substantial acquisition in Deep Natural Resources Limited (making it a subsidiary), alteration of the MOA to add chemicals and hydrocarbons fluids manufacturing as a main object, and fixed August 22, 2025 as the record date for the FY25 final dividend. M/s RPAP & Co. was appointed as Secretarial Auditor for 5 years. All director re-appointments remain subject to shareholder approval at the upcoming AGM.
The announcement is largely governance housekeeping with continuity at the top, as all key directors are being re-appointed for fresh 5-year terms. The planned entry into chemicals and hydrocarbons manufacturing via a new subsidiary signals potential business diversification beyond the core energy services, which is the most material development for shareholders.