Robust Marketing releases pledge on 9.31 lakh shares

1 min read     Updated on 09 Jul 2026, 07:24 PM
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Robust Marketing Services Private Limited released the pledge on 9,31,811 equity shares of Deepak Fertilisers And Petrochemicals Corporation Limited on July 2, 2026. This release reduced the total encumbered holding to 22,21,189 shares, or 1.76% of the paid-up capital. The disclosure was made to stock exchanges on July 9, 2026, under SEBI regulations.

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Robust Marketing Services Private Limited, a promoter of Deepak Fertilisers And Petrochemicals Corporation Limited , released the pledge on 9,31,811 equity shares representing 0.74% of the total paid-up share capital. The release of excess security was executed on July 2, 2026, and disclosed to BSE Limited and National Stock Exchange of India Limited on July 9, 2026. Following this release, the total encumbered shares held by the promoter stand at 22,21,189 equity shares, representing 1.76% of the total paid-up share capital.

The disclosure was submitted in compliance with Regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the Master circular dated February 16, 2023. Sailesh Chimanlal Mehta, Director of Robust Marketing Services Private Limited, confirmed that the release was made as per an agreement with Bajaj Finance Limited. The filing was addressed to the stock exchanges and copied to Deepak Fertilisers And Petrochemicals Corporation Limited.

Details of Encumbrance Release

Name of the Promoter Promoter Holding Encumbered Shares (Pre-event) Shares Released Post-event Encumbered Holding
Robust Marketing Services Private Limited 36,67,301 (2.91%) 31,53,000 (2.50%) 9,31,811 (0.74%) 22,21,189 (1.76%)

The remaining 22,21,189 encumbered shares include 14,21,189 shares pledged in favour of Bajaj Finance Limited and 8,00,000 shares pledged in favour of Tata Capital Limited. The disclosure confirms that no other members of the promoter group reported any changes in the encumbrance status of their holdings during this period.

Historical Stock Returns for Deepak Fertilisers & Petrochemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-0.49%+3.69%-0.23%+38.99%-1.65%+292.18%

Will Deepak Fertilisers' promoters continue to release the remaining encumbered shares held with Bajaj Finance and Tata Capital in the near future?

How will the reduction in promoter pledge ratio impact investor sentiment and the stock's valuation?

Does the release of pledged shares indicate an improvement in the promoter group's liquidity or financial health?

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Deepak Fertilisers sets TDS deadline for FY26 dividend

2 min read     Updated on 08 Jul 2026, 07:07 AM
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Deepak Fertilisers And Petrochemicals Corporation Limited has recommended a final dividend of ₹10 per share for FY26, subject to shareholder approval. The company has set a deadline of August 17, 2026, for shareholders to submit TDS documentation, specifically Form 121, to determine the correct tax deduction. Dividend payments for physical shareholders will be made electronically only after KYC compliance.

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Deepak Fertilisers And Petrochemicals Corporation Limited has recommended a final dividend of ₹10 per equity share for the financial year 2025-26. The dividend, amounting to 100% of the face value of ₹10 each, was approved by the Board of Directors at their meeting held on May 28, 2026. The company disclosed that the dividend, if approved by shareholders at the 46th Annual General Meeting, will be paid within 30 days of its declaration.

The company informed the stock exchanges that notices regarding the deduction of tax at source (TDS) on dividend and KYC updation were published in newspapers, specifically the Financial Express and Loksatta, on July 7, 2026. This communication was submitted to BSE Limited and National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TDS Compliance and Documentation

In accordance with the provisions of the Income Tax Act, 2025, dividend paid by the company is taxable in the hands of shareholders. Consequently, the company is required to deduct tax at the prescribed rate depending upon the status and category of the shareholders. Shareholders have been requested to update their PAN with Depository Participants for shares held in dematerialised form and with KFin Technologies Limited, the Registrar and Transfer Agent, for shares held in physical form.

The company has specified that it will accept only Form 121 for the purpose of TDS computation for the financial year ended March 31, 2026. Forms 15G and 15H will not be accepted. Shareholders must upload the necessary documents at https://iris.kfintech.com/form15 or email them to einward.ris@kfintech.com on or before August 17, 2026, to enable the determination of the appropriate TDS or withholding tax rate. No communication on tax determination will be entertained post this deadline.

Key Dividend Details

The Board's recommendation is subject to shareholder approval. The following table outlines the key details:

Parameter Details
Dividend per share ₹10
Face Value ₹10
Dividend Percentage 100%
Financial Year FY26
Board Meeting Date May 28, 2026
TDS Document Deadline August 17, 2026

Shareholders holding shares in physical form must ensure their KYC details are submitted to the company or its RTA, as dividend payments will be made only through electronic mode upon receipt of these details. Rabindra Purohit, VP – Legal, Compliance & Company Secretary, signed the communication on behalf of Deepak Fertilisers And Petrochemicals Corporation Limited.

Historical Stock Returns for Deepak Fertilisers & Petrochemicals

1 Day5 Days1 Month6 Months1 Year5 Years
-0.49%+3.69%-0.23%+38.99%-1.65%+292.18%

How will the 100% dividend payout impact Deepak Fertilisers' capital expenditure plans for the upcoming fiscal year?

What is the expected impact of the new Income Tax Act, 2025 provisions on the net dividend yield for retail investors?

Will the company maintain this high dividend distribution ratio in FY27 given the current volatility in fertilizer input costs?

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1 Year Returns:-1.65%