Deep Industries Limited has issued a postal ballot notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for significant corporate changes through electronic voting.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with MUFG Intime India Private Limited (formerly Link Intime India Private Limited) providing the e-voting facility.

Shareholders whose email addresses are registered with their Depository Participants or the Registrar and Transfer Agent as of March 20, 2026, will receive the notice electronically. Voting rights will be determined based on the Register of Members/Beneficial Owners maintained by NSDL and CDSL as of the cut-off date.

Special Resolution Items

Memorandum of Association Amendment

The first special resolution seeks approval for altering Clause III (Main Object Clause) of the company's Memorandum of Association. The proposed amendment adds comprehensive provisions for green energy business operations, including:

• Hydrogen and derivatives business activities
• Renewable energy projects including solar, wind, hydro, and biomass
• Energy storage facilities and smart grid technologies
• Electric mobility and charging infrastructure
• Carbon capture and decarbonization technologies

The company stated this alteration aims to facilitate venturing into the green energy business, targeting growth opportunities with good future prospects and potential to increase shareholder returns.

Director Appointment

The second special resolution proposes the appointment of Mr. Shalin Harshadbhai Patel (DIN: 08214933) as Non-Executive Independent Director. Key details of the appointment include:

Mr. Patel brings expertise in finance and accounts, banking, and costing, with a proven track record in business valuations, fundraising, and debt resolution. He is also an IBBI Registered Valuation Professional and Insolvency Professional.

Scrutinizer and Compliance

The Board has appointed Mr. Rajesh Parekh, Partner of RPAP & Co. (Membership No. A8073 & Certificate of Practice No. 2939) as the Scrutinizer, with Aishwarya Parekh as the Alternate Scrutinizer, to conduct the postal ballot process in a fair and transparent manner.

The postal ballot notice complies with various MCA circulars issued between 2020-2023 and SEBI circulars, ensuring adherence to regulatory requirements for electronic voting processes. Physical copies of the notice will not be dispatched, and the company will not accept any physical ballot forms.

Results will be posted on the company's website ( www.deepindustries.com ), MUFG Intime's website, and communicated to BSE Limited and National Stock Exchange of India Limited. If approved by requisite majority, the resolutions will be deemed passed on April 27, 2026.

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.