Deep Industries Limited has informed the Exchange regarding Appointment of Mr Paras Shantilal Savla as Chairman & Managing Director of the company w.e.f. September 01, 2025.
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Deep Industries' board, at its meeting on August 4, 2025, approved the re-appointment of Mr. Paras Shantilal Savla as Chairman & Managing Director and Mr. Rupesh Kantilal Savla as Managing Director, each for a 5-year term starting September 1, 2025. The board also re-appointed a Whole-time Director (Mr. Rohan Shah, effective June 24, 2026) and two Independent Directors for second 5-year terms. Additionally, the company approved the acquisition of a substantial stake in Deep Natural Resources Limited, making it a subsidiary, and proposed altering its main objects clause to add manufacturing of chemicals and hydrocarbon fluids. The board also approved the unaudited Q1 FY26 (quarter ended June 30, 2025) financial results and set August 22, 2025, as the record date for the final dividend for FY25, subject to shareholder approval at the upcoming AGM.
Leadership continuity is maintained with the re-appointments of the top executives, providing stability for shareholders. The proposed acquisition of Deep Natural Resources and entry into chemicals/hydrocarbon manufacturing signals strategic expansion that could drive future growth, while the declared final dividend rewards existing shareholders.