Deep Industries Limited , a prominent player in the energy sector, has announced robust financial results for the first quarter, along with several significant board decisions aimed at strengthening its leadership team.

Financial Highlights

Deep Industries reported impressive growth in both standalone and consolidated financial results:

The company's performance demonstrates substantial year-over-year growth across all key financial metrics, indicating strong operational execution and market demand for its services.

Leadership Re-appointments

The Board of Directors approved several key re-appointments, subject to shareholder approval at the upcoming Annual General Meeting:

• Mr. Paras Shantilal Savla re-appointed as Chairman & Managing Director for five years, effective September 1, 2025.
• Mr. Rupesh Kantilal Savla re-appointed as Managing Director for five years, effective September 1, 2025.
• Mr. Rohan Vasantkumar Shah re-appointed as Whole-time Director for five years, effective June 24, 2026.
• Dr. Kirit Nanubhai Shelat re-appointed as Independent Director for a second term of five years, effective November 10, 2025.
• Mrs. Shaily Dedhia re-appointed as Independent Director for a second term of five years, effective June 24, 2026.

These re-appointments aim to ensure continuity in leadership and leverage the extensive experience of the company's top executives.

Other Key Decisions

1. Secretarial Auditor Appointment: M/s RPAP & Co., Practicing Company Secretaries, appointed as Secretarial Auditors for a five-year term starting April 1, 2025.

2. Subsidiary Acquisition: The Board approved substantial acquisition of ownership in Deep Natural Resources Limited, which will become a subsidiary of Deep Industries Limited.

3. Memorandum of Association Amendment: The company plans to integrate the manufacturing business of chemicals and hydrocarbons fluids, enabling in-house sourcing. This will require alteration of the main object clause in the Memorandum of Association, subject to shareholder approval.

4. Dividend Record Date: August 22, 2025, set as the record date for the declaration of the final dividend for FY 2024-25.

5. Merger Approval: The Board approved a scheme of amalgamation to merge Kandla Energy & Chemicals Limited, a wholly-owned subsidiary, with Deep Industries Limited.

Deep Industries Limited continues to demonstrate strong financial performance and strategic initiatives aimed at long-term growth and operational efficiency. The re-appointment of key leadership and strategic decisions taken by the Board underscore the company's commitment to maintaining its strong position in the energy sector.

Investors and stakeholders will be keenly watching the company's future moves, particularly the integration of chemical manufacturing capabilities and the impact of the proposed merger on overall business operations.

Deep Industries Limited , a prominent player in the onshore oil and gas field services sector, has reported robust financial results for the first quarter of fiscal year 2026, along with several significant board reappointments.

Q1 FY26 Financial Highlights

For the quarter ended June 30, 2025, Deep Industries showcased impressive growth on both standalone and consolidated bases:

The company's standalone revenue from operations surged to Rs. 17,259.70 lakhs, with a net profit of Rs. 4,676.23 lakhs. On a consolidated basis, Deep Industries reported a revenue of Rs. 19,949.89 lakhs and a net profit of Rs. 6,170.09 lakhs, demonstrating strong performance across its group companies.

Board Reappointments

The Board of Directors has approved several key reappointments, subject to shareholder approval at the upcoming Annual General Meeting:

1. Mr. Paras Shantilal Savla has been reappointed as Chairman & Managing Director for a five-year term effective September 1, 2025. With over 33 years of experience in the energy sector, Mr. Savla's leadership has been instrumental in the company's multifold expansion.

2. Mr. Rupesh Kantilal Savla has been reappointed as Managing Director for five years from September 1, 2025. His 28 years of experience and MBA from Bentley College, USA, have been crucial in steering the organization towards operational expansion.

3. Mr. Rohan Vasantkumar Shah has been reappointed as Whole-time Director for five years from June 24, 2026. A Chartered Accountant with 19 years of expertise, Mr. Shah has been recognized for his financial acumen, having received the "Financial Express CFO of the year award" in 2019.

4. Dr. Kirit Nanubhai Shelat, an IAS retiree with over 40 years of experience in public administration, has been reappointed as an Independent Director for a second term of five years from November 10, 2025.

5. Mrs. Shaily Dedhia, a qualified Company Secretary with extensive experience in legal and secretarial matters, has been reappointed as an Independent Director for a second term of five years from June 24, 2026.

Other Key Developments

• The company has appointed M/s RPAP & Co., Practicing Company Secretaries, as the Secretarial Auditors for a five-year term starting April 1, 2025.

• Deep Industries has approved a substantial acquisition of ownership in Deep Natural Resources Limited, which will become a subsidiary of the company upon completion.

• The Board has approved alterations to the main object clause of the Memorandum of Association to facilitate the integration of manufacturing business for chemicals and hydrocarbons fluids.

• A record date of August 22, 2025, has been set for the declaration of the final dividend for FY 2024-25, subject to shareholder approval.

These developments, coupled with the strong financial performance, indicate Deep Industries' commitment to growth and corporate governance. The reappointment of experienced leaders and the strategic moves to expand its business scope position the company well for future success in the energy sector.

Investors and stakeholders will be keenly watching how these decisions translate into long-term value creation for Deep Industries Limited.