Deep Industries Limited on Monday, December 15, 2025, informed stock exchanges about the demise of its Independent Director, Ashokkumar Ratilal Patel, who passed away on December 13, 2025, according to a regulatory filing.
In its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company said it was notified of Patel’s passing on Monday and described the loss as sudden and unexpected .
The company noted that Ashokkumar Ratilal Patel had played crucial leadership roles during his tenure and that the organisation had benefited immensely from his guidance. Deep Industries added that his demise represents an immense and irreparable loss to the company.
The Board of Directors and employees conveyed their deepest condolences to Patel’s family during this difficult time.
The filing clarified that Patel’s cessation from the Board is effective December 13, 2025, due to death. Other disclosures such as profile details and relationships between directors were marked as not applicable, in line with SEBI requirements.
Deep Industries stated that the information has been submitted in compliance with SEBI’s updated disclosure norms and requested stock exchanges to take the same on record .
