Deepak Nitrite Limited has informed the Exchange about General Updates
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Deepak Nitrite's wholly owned subsidiary Deepak Chem Tech Limited (DCTL) has allotted 1.76 crore Optionally Convertible Redeemable Preference Shares (OCRPS) carrying a 9% coupon, at face value of ₹100 each, aggregating to ₹176 Crores. These were issued to Deepak Phenotics Limited (DPL), another wholly owned subsidiary of Deepak Nitrite, on an arms-length basis. The funds will be used to strengthen DCTL's capital base and support project expenses and loan repayment. DCTL, which operates a state-of-the-art Fluorination plant in Gujarat since March 2024, reported a turnover of ₹9.43 Crores in FY25. The transaction is entirely within the Deepak Nitrite group, with no change in ultimate ownership or control.
No impact on minority shareholders of Deepak Nitrite — this is a pure internal restructuring between two wholly owned subsidiaries, with no fresh equity issued at the listed entity level. The infusion supports DCTL's ongoing projects and debt servicing, which is mildly positive for the group's long-term growth plans.