Deep Industries Limited has received regulatory approval for its amalgamation scheme with wholly-owned subsidiary Kandla Energy and Chemicals Limited (KECL), marking a significant milestone in the company's corporate restructuring initiative. The National Company Law Tribunal (NCLT), Ahmedabad Bench, sanctioned the merger through an order dated March 23, 2026.

NCLT Approval Details

The tribunal's approval represents the culmination of the regulatory process that began with the company's initial disclosure on June 30, 2025. The NCLT order was officially uploaded to the tribunal's web portal on March 24, 2026, providing formal documentation of the sanction.

Legal Framework and Compliance

The amalgamation scheme has been structured and processed under the comprehensive legal framework governing corporate mergers in India. The merger complies with Sections 230 to 232 of the Companies Act, 2013, which provide the statutory foundation for schemes of arrangement and amalgamation between companies.

The company has ensured adherence to all applicable laws, rules, and regulations throughout the merger process. This includes compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, under which the current disclosure has been made to the stock exchanges.

Documentation and Transparency

Deep Industries Limited has maintained transparency throughout the process by making relevant documentation accessible to stakeholders. The NCLT order is available for download from multiple sources to ensure easy access for investors and other interested parties.

The company has made the documentation available through:

• Official NCLT website
• Company's official website at www.deepindustries.com

Corporate Structure Impact

The successful amalgamation of KECL, being a wholly-owned subsidiary, into Deep Industries Limited represents a strategic corporate restructuring move. This merger will result in the consolidation of operations and resources under a single corporate entity, potentially streamlining business operations and administrative processes.

The completion of this regulatory milestone demonstrates the company's commitment to proper corporate governance and compliance with statutory requirements. With NCLT approval now secured, Deep Industries Limited can proceed with the implementation of the amalgamation scheme as per the approved terms and conditions.

Deep Industries has received an official amendment to its provisional business suspension, allowing the company to resume several critical service operations in the oil and gas sector. The amendment, dated March 19, 2026, significantly expands the scope of permitted activities.

Official Amendment Details

The company filed a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges about the amendment received on March 19, 2026. This follows the company's earlier intimation dated February 13, 2026, regarding the original suspension.

Expanded Service Categories Now Permitted

The revised suspension terms now allow Deep Industries to operate across multiple service categories:

Business Impact and Company Position

This amendment represents a significant development for Deep Industries, as these services form core components of oil and gas sector operations. The company's ability to resume these critical services should help maintain its operational presence in the energy sector.

The company continues to maintain that the provisional suspension was unwarranted and remains confident of a favorable resolution based on the merits of its case. The expanded list of permitted services now includes specialized equipment hiring services, demonstrating the comprehensive nature of the company's operations in the oil and gas sector.

Regulatory Compliance

The disclosure was signed by Company Secretary and Compliance Officer Shilpa Sharma and filed with both BSE Limited (Scrip Code: 543288) and National Stock Exchange of India Ltd. (Symbol: DEEPINDS), ensuring full regulatory compliance and transparency with stakeholders.