Deepak Fertilisers & Petrochemicals Corporation Limited has appointed Dr. Naresh Kumar Puritipati as President – Human Resources, effective July 2, 2026. This leadership change aims to strengthen the company's human resources function with a dedicated senior executive. Dr. Puritipati brings over 25 years of experience in HR strategy and organizational transformation across multinational companies and Indian conglomerates.

Consequent to this appointment, Mr. Naresh Piniseti, President – Corporate Governance, ceases to hold the additional responsibility of leading and managing the Human Resources function, which he held on an interim basis. Mr. Piniseti will continue to serve as President – Corporate Governance.

Profile of the Appointee

Dr. Naresh Kumar Puritipati holds a PhD in Human Resource Management, a Post Graduation in Human Resource Management, and a Graduation in Personnel Management & Industrial Relations. His expertise spans HR Strategy, Organizational Transformation, Leadership Development, Industrial Relations, and cultural integration across India, Malaysia, and Myanmar.

Prior to joining the company, Dr. Puritipati was associated with Lactalis India as Group HR Director. His career includes significant tenures with Spencer's Retail Ltd. and various divisions of Coca-Cola, including Hindustan Coca-Cola Beverages Pvt Ltd., Coca-Cola Pinya Beverages (Myanmar), and Coca-Cola Bottler (Malaysia), in HR leadership positions.

Key Management Changes

The following table summarizes the changes in senior management personnel:

deepak fertilisers & petrochemicals has completed its subscription of equity shares in First Energy 11 Private Limited, crediting 50,00,000 shares to its demat account on June 16, 2026. The investment totals ₹5,00,00,000 for 50,00,000 equity shares of ₹10 each, securing a minimum 26% stake in the company. This strategic move is intended to establish wind-solar hybrid power captive consumption, governed by the Electricity Act, 2003 and related rules.

The transaction follows a Share Subscription and Shareholders Agreement (SSSA) signed on March 20, 2026, between Deepak Fertilisers, First Energy 11 Private Limited, and First Energy Private Limited. The agreement outlined the company's plan to invest ₹5,00,00,000 to subscribe to the equity share capital of First Energy. The investment was made alongside other captive users to meet the regulatory requirements for captive power consumption.

Investment Details

The table below outlines the key financial details of the share subscription:

The shares were credited following the intimation received from the company's depository participant. The event was officially recorded at 10:26 A.M. on June 17, 2026. This strategic investment allows Deepak Fertilisers to utilize wind-solar hybrid power for its captive consumption needs, aligning with its energy sustainability objectives.