Deepak fertilisers & petrochemicals And Petrochemicals Corporation Limited has completed the process of issuing an entitlement letter to transferees for claiming back dividends and shares that were previously transferred to the Investor Education and Protection Fund (IEPF). This development follows the company's compliance with SEBI regulatory requirements under the circular dated November 6, 2018.

Transfer Request and Regulatory Compliance

The company received a formal request from Mr. Mihir Mukeshchandra Shah and Mr. Mukesh Vinod Chandra Shah jointly with Ms. Bhavana Mukesh Shah (collectively referred to as Transferees) to transfer equity shares as mentioned in the company's intimation. This request was processed in accordance with SEBI Circular SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 dated November 6, 2018.

Public Notice and Waiting Period

As part of the regulatory process, Deepak Fertilisers published a public notice in Financial Express and Loksatta newspapers on January 10, 2026. The company then observed the mandatory 30-day waiting period to allow for any legitimate claims to be submitted. Upon the expiry of this period, with no legitimate claims received during the stipulated timeframe, the company proceeded to issue the entitlement letter to the transferees.

Lock-in Period Requirements

In compliance with the aforementioned SEBI circular, the company has informed that the shares to be released to the transferees will be subject to a lock-in period of 6 months. This regulatory requirement ensures proper oversight and prevents immediate trading of the recovered shares.

Corporate Communication

The intimation was signed by Rabindra Purohit, VP – Legal, Compliance & Company Secretary (Membership No.: FCS4680), and was digitally signed on March 18, 2026. The communication was addressed to both BSE Limited and National Stock Exchange of India Ltd., ensuring compliance with dual listing requirements.

Deepak Fertilisers & Petrochemicals Corporation Limited has received a CGST demand order of Rs 26.75 lakhs from tax authorities, the company disclosed in a regulatory filing under SEBI Listing Regulations. The demand relates to disallowed input tax credit claims, which the company disputes and plans to challenge through legal channels.

Demand Order Details

The order was issued by the Superintendent, CGST & C. Ex. Range-IV, Div-VII, Bharuch, Vadodara-II Commissionerate on March 11, 2026. The company received the order via email on the same day at approximately 15:48 hours.

The order reference number is ZD240326030386L dated March 11, 2026. The demand stems from the tax department's decision to disallow input tax credit claimed by the company, which authorities deemed ineligible.

Company's Position and Response

Deepak Fertilisers maintains that no violation or contravention has been committed. The company's management has taken a legal view that the demand is not tenable and is liable to be set aside in appeal.

Financial and Operational Impact

The company has assessed that the CGST demand order will have no material impact on its financial position, operations, or other business activities. This assessment reflects management's confidence in successfully challenging the order through legal proceedings.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically under sub-para 20, Para A, Part A, Schedule III. The information has also been made available on the company's website at www.dfpcpl.com for stakeholder reference.