Deepak fertilisers & petrochemicals Corporation Limited has announced a significant restructuring of its liquefied natural gas supply arrangement through a novation agreement executed on March 25, 2026. The company has transferred its long-term LNG supply agreement with Equinor ASA to its wholly-owned Singapore subsidiary, Deepak Globalchem PTE. LTD (DGPL).

Agreement Structure and Parties

The novation agreement involves three key parties working together to restructure the original supply arrangement:

Supply Agreement Specifications

The novated LNG supply arrangement maintains the same commercial terms as the original agreement while transferring operational responsibility to the Singapore subsidiary. The agreement provides substantial long-term energy security for the company's operations.

Key Terms and Obligations

Under the novation arrangement, DGPL assumes comprehensive responsibility for the LNG supply agreement while maintaining corporate support from the parent company. The restructuring provides operational flexibility while ensuring contract security.

The significant terms include:

• DGPL assumes all rights and obligations under the Supply Purchase Agreement (SPA) as buyer
• Deepak Fertilisers released from obligations post novation date
• Corporate guarantee support by the parent company subject to agreed conditions
• Transaction does not fall within the ambit of Related Party Transaction

Corporate Structure Impact

The novation represents a strategic restructuring that transfers operational responsibility to the Singapore subsidiary while maintaining parent company oversight. DGPL, being a 100% wholly-owned subsidiary, ensures complete operational control remains within the corporate group.

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement details have been provided in accordance with Schedule III requirements and relevant SEBI Master Circular guidelines. The event occurred at approximately 6:42 PM on March 25, 2026, with information made available on the company's website at www.dfpcl.com .

Deepak Fertilisers & Petrochemicals has announced a significant inter-se promoter share transfer under the SEBI Substantial Acquisition of Shares and Takeovers Regulations. The transaction involves the transfer of 74,00,000 equity shares from one promoter entity to another, representing 5.86% of the company's total share capital.

Transaction Details

The proposed acquisition involves SCM Commercial Private Limited acquiring shares from Robust Marketing Services Private Limited. Both entities are part of the promoter group of Deepak Fertilisers And Petrochemicals Corporation Limited.

Regulatory Compliance and Pricing

The transaction qualifies for exemption under Regulation 10(1)(a)(iii) of the SEBI SAST Regulations, eliminating the requirement for an open offer. The shares will be acquired at a price not exceeding the limits stipulated under the regulatory framework.

The 60-day volume weighted average market price for the period preceding the notice issuance was ₹1075.27, based on trading data from the stock exchange with maximum volume. SCM Commercial Private Limited has declared that the acquisition price will not exceed 25% above this computed price.

Shareholding Impact

The transaction will result in a redistribution of shares within the promoter group while maintaining the overall promoter holding percentage.

Compliance Declarations

The acquirer has made several key declarations as required under the regulations:

• Compliance with all conditions specified under Regulation 10(1)(a) regarding exemptions
• Adherence to applicable disclosure requirements in Chapter V of the SEBI SAST Regulations
• Confirmation that both transferor and transferee have complied with regulatory requirements during the three years prior to the proposed acquisition

The transaction represents a strategic realignment within the promoter group structure while ensuring full compliance with regulatory requirements and maintaining transparency through proper disclosures to stock exchanges.