Rabindra Purohit | Business Upturn

Deepak Fertilisers completes Rs 121.45 crore acquisition of Chardham Chemicals

Kinjal — Wed, 06 May 2026 17:32:25 +0000

Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation, has successfully completed the acquisition of Chardham Chemicals Private Limited. The transaction, valued at ₹121.45 crore, was finalised on 6th May 2026.

The acquisition of Chardham Chemicals, an explosives manufacturer, is expected to enhance DMSL’s product offerings and enable the company to undertake mine productivity improvement programmes. This strategic move is aligned with DMSL’s Total Cost of Ownership (TCO) model, aiming to deliver value to the mining sector. Additionally, the acquisition will facilitate the export of differentiated products to DMSL’s wholly owned mining servicing subsidiary in Australia and other international markets.

Chardham Chemicals, incorporated on 5th March 2021, is engaged in the manufacturing of explosives. Despite having a paid-up capital of ₹1,00,000, the company reported no turnover for the financial years ending 31st March 2023, 2024, and 2025. The acquisition does not fall under related party transactions, and no regulatory approvals were required to finalise the deal.

The acquisition was completed as a cash transaction, with DMSL acquiring 100% control of Chardham Chemicals. The deal was initially announced on 24th December 2025, and the completion was in accordance with the agreement made on that date.

The acquisition is expected to bolster DMSL’s capabilities in the explosives industry, providing a comprehensive range of products to enhance mine productivity and expand its footprint in the global market.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Deepak Fertilisers addresses significant volume movement in stock

Business Desk — Thu, 16 Apr 2026 09:23:46 +0000

Deepak Fertilisers and Petrochemicals Corporation has responded to a query from the BSE regarding a significant increase in the trading volume of its shares across exchanges. The company confirmed its compliance with SEBI regulations and stated that all relevant announcements have been duly disclosed.

The BSE had observed a notable rise in the volume of Deepak Fertilisers‘ securities and sought clarification from the company. In response, Deepak Fertilisers assured that it has consistently adhered to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasised that there are no pending announcements or undisclosed information that could influence the price or volume behaviour of its shares.

Deepak Fertilisers attributed the volume movement to market dynamics, indicating that it does not have any specific comments on the matter. The company reiterated its commitment to transparency and timely disclosure of all pertinent information to the exchanges.

The BSE’s inquiry was part of its routine surveillance to ensure that investors have access to the latest and most relevant information about listed companies. Deepak Fertilisers’ response was submitted within the stipulated timeframe, as requested by the BSE.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Deepak Fertilisers re-appoints Ernst & Young as internal auditors for FY 2026-27

Arunika Jain — Thu, 26 Mar 2026 10:47:48 +0000

Deepak Fertilisers and Petrochemicals Corporation has announced the re-appointment of Ernst & Young LLP as its internal auditors for the financial year 2026-27. The decision was made during the company’s board meeting held on 26th March 2026.

The re-appointment of Ernst & Young, a global leader in assurance, tax, transaction, and advisory services, was based on the recommendation of the Audit Committee. The firm is registered as a Limited Liability Partnership under the Limited Liability Partnership Act, 2008 in India.

The board meeting, which commenced at 11:00 a.m. and concluded at 3:55 p.m., approved the re-appointment as part of its agenda. The details of the re-appointment have been disclosed as per the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated 30th January 2026.

Deepak Fertilisers has made this information available on its official website, ensuring transparency and compliance with regulatory obligations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).