deepak nitrite has executed a corporate guarantee to secure a term loan of US $78.43 million for its subsidiary, Deepak Oman Industries (SFZ) LLC. The guarantee was issued on July 23, 2026, in favor of Bank Muscat SAOG and covers the principal amount along with interest and other charges. This financial commitment creates a contingent liability for the company equivalent to the loan amount secured for the subsidiary.

The subsidiary, Deepak Oman Industries (SFZ) LLC, is incorporated in the Sultanate of Oman. Deepak Nitrite Limited currently holds 51% of the equity share capital of DOIL, while the remaining 49% is held by promoter or promoter entities. The transaction to provide the corporate guarantee was conducted on an arm's length basis. As part of the arrangement, Deepak Nitrite Limited will charge a guarantee commission from DOIL.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details of the guarantee were submitted in compliance with the SEBI Master Circular dated January 30, 2026.

Key Details of the Guarantee

The execution of the deed of guarantee marks a formal financial backing by the parent company for the subsidiary's debt obligations. The guarantee ensures that Bank Muscat SAOG has a security cover for the credit facility extended to Deepak Oman Industries (SFZ) LLC.

Deepak C. Mehta, representing the promoters and members of the promoter group of Deepak Nitrite Limited , has confirmed that no encumbrance was created on the equity shares held by them during the financial year 2025-26. The declaration, submitted to the National Stock Exchange of India Limited, covers both direct and indirect holdings. This disclosure ensures that the shareholding structure remains free from pledged assets for the specified period.

The communication was addressed to the National Stock Exchange of India Limited located at Exchange Plaza, Bandra Kurla Complex, Mumbai. The declaration was made pursuant to the requirements of Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter was signed by Deepak C. Mehta on April 1, 2026, on behalf of himself and other promoters.

Regulatory Compliance

The filing adheres to the regulatory framework governing substantial acquisitions and takeovers. By confirming the absence of encumbrances, the promoters have fulfilled their disclosure obligations for the financial year. The submission provides transparency regarding the status of the promoter group's shareholding.

Declaration Details

The declaration has been requested to be recorded by the exchange, formalizing the compliance status of the promoter group's holdings for the financial year.