Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about change in Management
DEEPAKFERT · price
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The Board approved audited standalone and consolidated financial results for FY ended March 2026. Standalone net profit fell to Rs 26,924 Lakhs from Rs 41,300 Lakhs YoY, while consolidated net profit declined to Rs 73,876 Lakhs from Rs 94,467 Lakhs. The auditors issued unmodified (clean) opinions on both sets of results. The Board recommended a dividend of Rs 10 per equity share, subject to shareholder approval at the AGM scheduled for September 1, 2026. In terms of management changes, Chairman & MD Sailesh C. Mehta is being appointed as Chairman & MD of subsidiary Deepak Mining Solutions Limited and stepping down as Managing Director of Mahadhan AgriTech Limited (remaining as Non-Executive Chairman there). The Board also approved appointment of Mr. Yeshil S. Mehta as Additional Director (Non-executive, Non-independent) from July 1, 2026. Statutory auditors P G Bhagwat LLP were re-appointed for a second 5-year term.
The profit decline (standalone down 35%, consolidated down 22% YoY) signals challenging operating conditions, though the clean audit opinions and maintained dividend provide some comfort to investors. The appointment of Yeshil S. Mehta to the board, likely a family member of the Mehta promoter group, represents a notable governance development for shareholders to monitor.