Deep Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
DEEPINDS · price
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Deep Industries' board, at its March 12, 2026 meeting, approved four items. First, the company will amend its main objects clause in the MOA to formally add green energy as a new business vertical. Second, Mr. Shalin Harshadbhai Patel (DIN: 08214933), a Chartered Accountant and CFA with over 19 years of experience in corporate finance, valuation, and debt resolution, was appointed as an Additional Non-Executive Independent Director for a 5-year term (March 12, 2026 to March 11, 2031), subject to shareholder approval. Third, a postal ballot notice was approved to seek shareholder consent. Fourth, the board approved the sale of 15,00,000 (15 lakh) 10% Optionally Convertible Redeemable Preference Shares of Raas Equipment Private Limited to a related party; further disclosures will follow once the transfer is completed.
The green energy addition signals a strategic diversification beyond the company's core oil & gas services focus, which is a positive long-term growth signal. The Independent Director appointment brings strong finance and valuation expertise to the board. The related-party sale of OCRPS is a routine portfolio reshuffle but shareholders should watch for the follow-up disclosure on pricing and terms.