Deep Industries Secures 30-Month Contract Extension Worth USD 8.28 Million

1 min read Updated on 08 May 2026, 05:27 AM

Reviewed by

Naman SScanX News Team

AI Summary

Deep Industries has received a 30-month contract extension from Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) for integrated drilling services, valued at USD 8.28 million (approximately INR 78 crores), commencing July 1, 2026. The domestic contract falls within the ordinary course of business, with no related party or promoter group interest involved, as disclosed under SEBI Regulation 30.

*this image is generated using AI for illustrative purposes only.

Deep Industries has secured a 30-month contract extension from Antelopus Selan Energy Limited (formerly known as Selan Exploration Technology Limited) for the provision of integrated drilling services. The contract, valued at USD 8.28 million (approximately INR 78 crores), is scheduled to commence on July 1, 2026, reflecting a continued business relationship between the two companies in the energy services sector.

Contract Details

The key parameters of the contract extension are outlined below:

Parameter:	Details
Contract Type:	Extension – Integrated Drilling Services
Contract Value:	USD 8.28 million (approx INR 78 crores)
Contract Duration:	30 months
Client:	Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited)
Commencement Date:	July 1, 2026
Entity Classification:	Domestic Entity

Scope and Compliance

The contract extension covers integrated drilling services, underscoring Deep Industries' continued role as a service provider to Antelopus Selan Energy. The 30-month tenure reflects the ongoing operational requirements of the client in this segment. The company confirmed that neither the promoter nor the promoter group or group companies have any interest in the entity awarding the contract. The extension does not constitute a related party transaction and falls within the ordinary course of business, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

How might Deep Industries leverage this contract extension to secure additional drilling service agreements with other upstream oil and gas companies in India?

What impact could the depreciation of the Indian rupee against the US dollar have on the realized revenue from this USD 8.28 million contract for Deep Industries?

As Antelopus Selan Energy transitions from its former identity as Selan Exploration Technology, what expansion plans or new exploration blocks could drive further demand for integrated drilling services beyond 2028?

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Deep Industries Board Meeting Scheduled on May 14, 2026 to Approve FY26 Audited Results and Consider Final Dividend

1 min read Updated on 07 May 2026, 06:35 PM

Reviewed by

Shriram SScanX News Team

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AI Summary

Deep Industries has scheduled a Board of Directors meeting on May 14, 2026, to approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the Statement of Assets and Liabilities, Statement of Cash Flows, and the Statutory Auditor's Report. The board will also consider recommending a final dividend, if any, on equity shares for the year ended March 31, 2026. The company's trading window, closed since April 1, 2026, will remain shut until 48 hours after the declaration of results, in line with its Code of Conduct.

*this image is generated using AI for illustrative purposes only.

Deep Industries has notified the stock exchanges of a Board of Directors meeting scheduled for Thursday, May 14, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, signed by Company Secretary & Compliance Officer Shilpa Sharma, was submitted to both BSE Limited and the National Stock Exchange of India Ltd on May 7, 2026.

Key Agenda Items

The board meeting has been convened to transact the following businesses, as outlined in the regulatory filing:

Agenda Item:	Details
Financial Results:	Audited Standalone & Consolidated Financial Results for Q4 and year ended March 31, 2026
Statements:	Statement of Assets and Liabilities and Statement of Cash Flows
Auditor's Report:	Statutory Auditor's Report as per Regulation 33 of SEBI (LODR) Regulations, 2015
Dividend:	Consideration and recommendation of Final Dividend, if any, on equity shares for FY ended March 31, 2026

Trading Window Closure

In accordance with the company's Code of Conduct, the trading window for dealing in securities of Deep Industries has been closed since April 1, 2026, as per the earlier notice dated March 25, 2026. The trading window will remain closed until the completion of 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026.

This restriction applies to all designated persons and is a standard regulatory measure to prevent insider trading during periods when material unpublished price-sensitive information is being processed and disclosed.

How might Deep Industries' FY2026 annual revenue and profit figures compare to the previous fiscal year, and what key operational metrics could drive a positive or negative market reaction?

Given the current energy sector landscape, will Deep Industries' board recommend a final dividend for FY2026, and how does its historical dividend payout ratio influence investor expectations?

What strategic expansions or capital allocation plans might Deep Industries announce alongside its Q4 FY2026 results that could signal future growth trajectory?