Deepak Nitrite has fixed Monday, July 27, 2026, as the record date for its 55th Annual General Meeting (AGM) to determine shareholder eligibility for any dividend declared. The AGM is scheduled for Wednesday, August 5, 2026, at 11:30 AM IST via video conferencing. This disclosure was made in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting will be conducted through Video Conferencing or Other Audio Visual Means, adhering to circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The record date is crucial for shareholders to ensure their names appear in the register of members to participate in the meeting and receive dividends if approved.

Key Meeting Details

The intimation was submitted to BSE Limited on July 6, 2026, by Arvind Bajpai, Company Secretary. Deepak Nitrite's registered office is located in Vadodara, Gujarat.

Deepak Chem Tech Limited, a wholly owned subsidiary of Deepak Nitrite , has issued and allotted 1,20,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited (DPL) for an aggregate consideration of ₹120 Crores. The shares, having a face value of ₹100 each, were allotted at par on May 30, 2026, to strengthen the capital base of Deepak Chem Tech Limited and support project expenses and general corporate purposes.

The transaction was classified as a Related Party Transaction under the relevant provisions of Indian Accounting Standards and the Companies Act, 2013, as both entities are wholly owned subsidiaries of Deepak Nitrite Limited. The allotment was conducted on an "arms length" basis. No governmental or regulatory approvals were required for the investment, which was settled via cash transfer through normal banking channels.

Deepak Chem Tech Limited operates plants for Fluorination, Nitric Acid, Nitration, and Hydrogenation in Gujarat. The infusion of funds is intended to support the entity's ongoing projects across various sites in the state. Prior to this allotment, the paid-up capital of Deepak Chem Tech Limited stood at ₹2384.50 Crores, comprising ₹499.50 Crores of Equity Shares and ₹1885 Crores of Preference Shares.

Following the allotment, Deepak Nitrite Limited continues to hold 100% of the Equity Share Capital of Deepak Chem Tech Limited. Along with DPL, it indirectly holds 100% of the Preference Share Capital. The turnover of Deepak Chem Tech Limited has increased significantly over the past three fiscal years, reaching ₹172.23 Crores in FY 2025-26 compared to ₹9.43 Crores in FY 2024-25 and ₹0.86 Crores in FY 2023-24.

Deepak Chem Tech Limited Financial Overview