Deepak Nitrite Limited informed the exchanges that its wholly owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued and allotted 32,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) of Rs 100 each, aggregating to Rs 32 crore, to Deepak Phenolics Limited (DPL), another wholly owned subsidiary of the company.
According to the regulatory filing, the funds infusion aims to strengthen the capital base of DCTL and support project expenses across various sites in Gujarat, where the subsidiary operates a state-of-the-art fluorination plant.
The transaction was executed on an arm’s length basis, with payment made through normal banking channels. No regulatory approvals were required for the allotment, which was completed on November 7, 2025.
Deepak Chem Tech’s turnover for FY25 stood at Rs 9.43 crore, compared to Rs 0.86 crore in FY24. The company continues to focus on expanding its footprint within the chemical manufacturing industry.
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