Deepak Chem Tech issues Rs 48 crore convertible preference shares

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹1815.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.1% vs market

Specialty Chemicals peers, median of 86sector+0.0%-0.0% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Smallcap 250 and in line with its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Deepak Chem Tech, Deepak Nitrite's wholly owned subsidiary, issued 4.8 million 9% optionally convertible redeemable preference shares to fellow subsidiary Deepak Phenotics. Issued at face value, the shares raised Rs 48 crore to strengthen capital, fund projects and meet general corporate needs. DCTL operates a fluorination plant and is pursuing projects in Gujarat; FY25 turnover was Rs 9.43 crore, up from Rs 0.86 crore in FY24. The funding is internal to the group, and ultimate control is unchanged.

Likely market impact

Ultimate ownership is unchanged. The funds may support subsidiary projects, while the 9% preference dividend is an internal group obligation.