Devson Catalyst Limited has secured commercial orders for its newly developed Ammonia Decomposition Catalyst from Tata Steel and NMDC. The deal with Devson Catalyst marks the first order for this specific product from Tata Steel, following successful application trials at NMDC.

The announcement was made on September 4, 2026. Savanbhai Prahlabdhai Patel, Managing Director, confirmed that the initial order from NMDC was received in May 2026 and has been successfully utilized by the customer. The subsequent approval from Tata Steel validates the product's performance in industrial settings.

Product Details

The Ammonia Decomposition Catalyst is designed to break down ammonia (NH3) into hydrogen (H2) and nitrogen (N2) at high temperatures. It functions as a reforming catalyst for hydrogen production, enabling recovery from ammonia. Additionally, it decomposes ammonia present in industrial process gases before downstream processing.

Management described the catalyst as a higher-value product within the company's existing portfolio. The technology supports applications across multiple sectors:

• Metallurgical & Steel Processing: Sulphur recovery and process gas treatment.
• Renewable Energy & Green Hydrogen: Conversion of ammonia into hydrogen.
• Oil & Gas Refineries: Gas treatment and processing applications.

What the Numbers Show

The sequential validation of the catalyst by two major industrial players suggests strong product-market fit. NMDC's successful usage since May 2026 served as a de facto pilot, reducing execution risk for the subsequent commercial order from Tata Steel. This progression indicates that the company has moved beyond R&D into validated commercial deployment for this higher-value segment.

Regulatory Disclosure

The company issued the press release pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing was submitted to BSE Limited on September 4, 2026.

The board of Devson Catalyst approved the appointment of Mr. Girdharbhai Natvarbhai Keraliya as internal auditor and M/s. ALAP & CO. LLP as secretarial auditor during its meeting on August 25, 2026.

The appointments were made on the recommendation of the Audit Committee to fulfill statutory compliance requirements under SEBI Listing Regulations.

Internal Auditor Appointment

Mr. Keraliya has been appointed as the internal auditor for the financial year 2026-27. The appointment date is recorded as August 26, 2026.

Mr. Keraliya brings over 35 years of experience in finance and accounts, including 24 years as Head of Accounts in a mid-sized manufacturing organization. His background includes statutory audit work with M/s. Hitesh V. Shah & Co. Chartered Accountants for 11 years.

Secretarial Auditor Appointment

M/s. ALAP & CO. LLP, led by Mr. Anand Lavingia and Ms. Ankita Patel, was appointed as the secretarial auditor for the financial year 2025-26. The firm specializes in corporate laws, listings, capital markets, and governance issues.

The company disclosed no relationships between directors and the appointed auditors.