Deepak Fertilisers & Petrochemicals Corporation Limited has entered into a Share Subscription and Shareholders Agreement for a strategic investment in renewable energy infrastructure. The company announced on March 20, 2026, its decision to invest ₹5 crores in First Energy 11 Private Limited for Wind-Solar Hybrid Power captive consumption.

Investment Structure and Agreement Details

The company has signed the Share Subscription and Shareholders Agreement with First Energy 11 Private Limited and First Energy Private Limited. This investment will enable Deepak Fertilisers to acquire a minimum 26% stake along with other captive users in the equity share capital of First Energy.

Regulatory Compliance and Framework

The investment has been structured in accordance with the provisions of the Electricity Act, 2003 and rules made thereunder. The agreement also includes a corresponding Captive Power Agreement with First Energy, ensuring compliance with regulatory requirements for captive power consumption.

Strategic Benefits and Sustainability Goals

This investment enables long-term access to renewable Wind-Solar Hybrid power through captive consumption, resulting in cost efficiencies for the company's operations. The initiative supports Deepak Fertilisers' sustainability goals by increasing the company's share of renewable energy usage and contributing to reduction in carbon footprint.

The agreement was executed at approximately 3:30 PM on March 20, 2026, and represents the company's commitment to expanding into renewable energy infrastructure while maintaining focus on operational cost optimization and environmental responsibility.

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.