Deepak Nitrite disclosed that its wholly owned subsidiary, Deepak Chem Tech Limited, settled a regulatory violation with the Gujarat government on August 25, 2026. The settlement resolves a contravention of factory rules without material financial impact on the listed entity.

The Settlement Officer, Chief Inspector cum facilitator for factories in Ahmedabad, passed the order under Section 114 of the Occupational Safety, Health and Working Condition Code, 2020. The payment addresses a specific breach of Rule 102 of the Gujarat Factories Rules, 1963.

Settlement Details

Deepak Nitrite filed this disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing references Para-A-20 of Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Financial Impact Assessment

The company explicitly stated that the settlement will have no material financial impact beyond the ₹3,00,000 payment mentioned above. There are no additional penalties or operational restrictions noted in the disclosure.

This regulatory action affects only the subsidiary level and does not indicate broader compliance issues across the group’s manufacturing facilities.

Deepak Nitrite has accepted the resignation of Puneet Sharma from his position as SBU Head - Life Sciences, effective close of business on August 21, 2026.

The company disclosed the change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sharma served in the role overseeing the Life Sciences division, which includes agrochemical and pharma intermediates, personal care, and emerging platforms.

Resignation Details

Sharma tendered his resignation on May 23, 2026, citing a decision to pursue an opportunity outside the organization for the next chapter of his career. He completed a three-month contractual notice period before his relieving date.

In his resignation letter addressed to Maulik Mehta, Sharma highlighted his tenure at Deepak Nitrite as a defining phase of his professional life. He noted the trust and autonomy extended by management during his time shaping the division.

Transition Plan

Sharma committed to ensuring a seamless transition process. This includes covering ongoing business development engagements with global innovators and maintaining progress on technology platforms. He stated he would work closely with management to onboard his successor.

The disclosure was signed by Arvind Bajpai, Company Secretary, on August 21, 2026.