Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about intimation under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Deepak Fertilizers has been allotted 20,20,202 equity shares of Rs. 10 each (at a premium of Rs. 1,970 per share) by its wholly owned subsidiary Mahadhan AgriTech Limited (MAL) on a rights basis. The total consideration paid by the company is approximately Rs. 40 crore (Rs. 39,99,99,960). These shares were credited into the company's demat account on 7th May 2025, with the formal intimation timestamped at 11:54 AM on 8th May 2025. This follows the company's earlier letter dated 29th April 2025 about the allotment. Essentially, the parent company is investing roughly Rs. 40 crore into its own subsidiary by participating in MAL's rights issue.
This is an internal capital infusion by the parent into its wholly owned subsidiary and does not directly impact Deepak Fertilizers' shareholders in terms of dividends, share count, or ownership dilution. The Rs. 40 crore outflow from the parent to its subsidiary may marginally affect cash position but signals continued investment in the agri-tech business.