Deepak Nitrite Limited's wholly owned subsidiary, Deepak Chem Tech Limited (DCTL), has announced a strategic partnership with Praxair India, a Linde company, to establish a dedicated HyCO plant for its upcoming polycarbonate manufacturing project. The agreement was disclosed through a press release dated 30th April 2026, marking a significant milestone in the company's polycarbonate project development.

Strategic Partnership Details

The long-term agreement establishes a comprehensive supply arrangement where Praxair India will build, own and operate a dedicated on-site facility at Padariya, Dahej, in Gujarat. This facility will manufacture and supply key feedstocks essential for polycarbonate production, ensuring a reliable and consistent supply of critical raw materials for DCTL's operations.

Project Scope and Benefits

The partnership brings together DCTL's downstream materials platform with Praxair India's expertise in industrial gas infrastructure and operations. The on-site model is designed to support consistent availability and operational efficiency while enabling DCTL to maintain focus on its core expertise. The arrangement establishes supply chain resilience and supports product quality and scalability as the project advances.

According to Mr. Meghav Mehta, ED & CEO of Deepak Chem Tech Limited, "This agreement marks an important step in advancing our polycarbonate project. A long-term arrangement of critical raw material supply through a dedicated on-site solution enhances execution visibility, supports efficient project delivery and creates value for our customers. We are pleased to partner with Praxair India, whose global expertise and wide capabilities align well with the requirements of this project."

Market Applications and Strategic Impact

DCTL's integrated polycarbonate facility is positioned to play a significant role in domestic production of high-performance materials. The project targets several high-growth end-use segments in India, including:

• Automotive applications
• Electrical and electronics sector
• Construction industry
• Consumer applications

The integrated supply arrangement has been structured to support the growing demand in these sectors while ensuring operational efficiency and supply chain reliability. The facility is expected to be commissioned in 2028, aligning with the overall polycarbonate plant development timeline.

Deepak Nitrite Limited has submitted a regulatory disclosure to BSE Limited confirming its non-applicability as a Large Corporate under the Securities and Exchange Board of India (SEBI) framework. The disclosure, dated April 17, 2026, addresses compliance requirements under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144.

Regulatory Compliance Status

The company has formally confirmed that it does not meet the applicability criteria for classification as a Large Corporate under the specified SEBI circular dated November 26, 2018. This disclosure is part of the mandatory reporting requirements for entities to clarify their status under the regulatory framework.

Financial Position and Credit Ratings

The company's financial disclosure reveals key information about its borrowing position and creditworthiness as of March 31, 2026.

The credit ratings were assigned by ICRA Limited and represent the highest ratings achieved during the previous financial year. The ICRA A1+ short-term rating indicates the highest degree of safety regarding timely payment of financial obligations, while the ICRA AA Stable long-term rating reflects high safety and stable outlook.

Disclosure Documentation

The formal disclosure was submitted to the Department of Corporate Services at BSE Limited, referencing scrip code 506401. The document includes Annexure A, which provides the standardized format for initial disclosure by entities identified as Large Corporates.

Authorized Signatories

The disclosure bears the signatures of two key officials:

• Arvind Bajpai, Company Secretary
• Somsekhar Nanda, Chief Financial Officer

Both officials can be reached at the company's registered office phone number 0265-2765200. The document includes digital signatures and the official company seal, ensuring proper authentication and compliance with regulatory requirements.

Corporate Information

Deepak Nitrite Limited operates with CIN L24110GJ1970PLC001735 and maintains its registered and corporate office at 2nd Floor, Fermenter House, Alambic City, Alambic Avenue Road, Vadodara – 390 003, Gujarat, India. The company provides investor relations contact through investor@godeepak.com and maintains its corporate website at www.godeepak.com .