Deepak Fertilisers' Subsidiary DMSL Completes ₹121.45 Crore Acquisition of Chardham Chemicals

Deepak Fertilisers & Petrochemicals Corporation Limited has announced that its wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), completed the acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturing company, on 6th May, 2026. The transaction was executed through a cash consideration of Rs. 121.45 Crores (Rupees One Hundred Twenty One Crores and Forty Five Lakhs), plus incidental legal and other transaction costs, in accordance with the share purchase agreement originally entered on 24th December, 2025.

Acquisition at a Glance

The key parameters of the transaction are summarised below:

Parameter:	Details
Target Entity:	Chardham Chemicals Private Limited (CCPL)
Industry:	Manufacturing of Explosives
Consideration Type:	Cash Consideration
Total Consideration:	Rs. 121.45 Crores plus incidental legal and other transaction costs
Shareholding Acquired:	100%
Date of Completion:	6th May, 2026
Related Party Transaction:	No
Regulatory Approvals Required:	No

About the Acquired Entity

CCPL is a private limited company incorporated on 5th March, 2021, with its registered office at Plot No.-4, F-42, 1st LSC Kalkaji, New Delhi – 110019. The company is engaged in the explosives manufacturing business and has a presence in India. Its paid-up capital stands at Rs. 1,00,000/-.

CCPL reported nil turnover across the last three financial years, as detailed below:

Financial Year:	Turnover (Rs. in Lakhs)
FY 2022-23:	Nil
FY 2023-24:	Nil
FY 2024-25:	Nil

Strategic Rationale

The acquisition is aimed at strengthening DMSL's operational capabilities in the mining sector. According to the regulatory disclosure, the transaction is expected to deliver the following strategic benefits:

Provide DMSL with a full range of explosives products to undertake mine productivity improvement programs through DMSL's Total Cost of Ownership (TCO) model of value delivery to mines.
Enable the export of differentiated products to DMSL's 100% owned mining servicing subsidiary in Australia.
Support servicing of other export markets.

The acquisition does not constitute a related party transaction, and no promoter, promoter group, or group company holds any interest in CCPL. No governmental or regulatory approvals were required to complete the transaction.

Disclosure and Compliance

The event was reported pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the date and time of occurrence recorded as 8:00 P.M. on 6th May, 2026. The disclosure was made in accordance with Para A of Part A of Schedule III read with SEBI Master Circular bearing No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The information has also been made available on the company's website at www.dfpcl.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	+6.07%	+36.28%	-5.92%	+6.17%	+398.51%

SCM Commercial Private Limited has completed the acquisition of 74,00,000 equity shares, representing 5.86% of the paid-up equity share capital of deepak fertilisers & petrochemicals . The transaction was executed through an off-market inter-se transfer from Robust Marketing Services Private Limited on April 22, 2026, under Regulation 10(1)(a)(iii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011.

Transaction Details

The acquisition was conducted in reliance upon the exemption provided under Regulation 10(1)(a)(iii) of SEBI SAST Regulations, which exempts the acquirer from making an open offer. The prior intimation regarding this proposed acquisition was submitted to the stock exchanges on March 23, 2026, under Regulation 10(5) of the Takeover Code. The acquisition price was INR 1,29,16,67,644, with the shares acquired at a price not exceeding the limits stipulated under the relevant SEBI regulations.

Parameter	Details
Acquirer	SCM Commercial Private Limited
Seller	Robust Marketing Services Private Limited
Shares Acquired	74,00,000
Percentage of Holding	5.86%
Date of Acquisition	April 22, 2026
Acquisition Value	INR 1,29,16,67,644
Mode of Transfer	Off Market Inter-se Transfer
Regulatory Exemption	Regulation 10(1)(a)(iii) of SEBI SAST Regulations 2011

Shareholding Changes

The transaction resulted in significant changes in the shareholding patterns of both entities involved. SCM Commercial Private Limited, which previously held no shares in the company, now holds 74,00,000 shares representing 5.86% of the diluted share capital. Conversely, Robust Marketing Services Private Limited's holding reduced from 1,10,67,301 shares (8.77%) to 36,67,301 shares (2.91%).

Entity	Pre-Transaction Shares	Pre-Transaction %	Post-Transaction Shares	Post-Transaction %
SCM Commercial Private Limited	0	0	74,00,000	5.86%
Robust Marketing Services Private Limited	1,10,67,301	8.77%	36,67,301	2.91%

Promoter Group Holding

The overall promoter group holding remains unchanged at 5,76,03,547 shares or 45.63% of the total share capital. Nova Synthetic Private Limited continues to be the largest promoter shareholder with 4,35,92,875 shares (34.53%). Other significant promoter holdings include Deepak C. Mehta with 8,78,913 shares (0.70%) and Sofotel Infra Private Limited with 19,41,546 shares (1.54%).

The equity share capital and total voting capital of the target company remain at 12,62,37,825 equity shares of Rs. 10 each both before and after the acquisition. The total diluted share capital also stands at 12,62,37,825 equity shares. The disclosure was signed by Jill Shah, Company Secretary of SCM Commercial Private Limited (Membership Number: ACS-64360), and submitted to both BSE Limited and National Stock Exchange of India Limited.