Deep Industries Limited has informed the Exchange regarding Appointment of Mr Shalin Patel as Non- Executive Independent Director of the company w.e.f. March 12, 2026.
DEEPINDS · price
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Deep Industries' board, at its March 12, 2026 meeting, approved three key items. First, the company will amend its Memorandum of Association to add green energy as a new business vertical. Second, Mr. Shalin Harshadbhai Patel (DIN: 08214933), a Chartered Accountant and CFA with 19+ years in corporate finance, has been 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, the board approved the sale of 15,00,000 10% Optionally Convertible Redeemable Preference Shares of Raas Equipment Private Limited to a related party. A postal ballot notice was also approved to seek shareholder consent for these matters.
The move into green energy signals a strategic diversification beyond the company's existing oil & gas and industrial services businesses, which could be viewed positively by investors looking for growth in renewables. The related-party OCRPS sale and new independent director addition are routine governance steps pending shareholder approval via postal ballot.