Deep Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
DEEPINDS · price
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Deep Industries' board, at its March 12, 2026 meeting, approved amending the company's Memorandum of Association to add green energy as a new business vertical under the main object clause. The board also appointed Mr. Shalin Harshadbhai Patel (Chartered Accountant and CFA with 19+ years in corporate finance) as an Additional Non-Executive Independent Director for a 5-year term from March 12, 2026 to March 11, 2031, subject to shareholder approval. Additionally, 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 cleared to seek shareholder approval for these items.
The green energy diversification signals a strategic pivot into a new growth area, which could be viewed positively by investors, though execution risks remain. The related-party sale of OCRPS and pending shareholder approvals via postal ballot will require investor attention in the coming weeks.