Deepak Nitrite Ltd., a prominent player in the chemical industry, witnessed a significant block trade on the National Stock Exchange (NSE) recently. The transaction involved approximately 344,418 shares changing hands at a price of Rs. 1,786.60 per share, amounting to a total value of Rs. 61.53 crores.

Block Deal Details

The block deal, which represents a substantial transaction in Deepak Nitrite's shares, has caught the attention of market participants. Here's a breakdown of the key details:

Significance of the Trade

Block deals of this magnitude often indicate significant interest from institutional investors or large traders. Such transactions can sometimes impact market sentiment and may be closely watched by other investors and analysts for potential insights into the stock's perceived value or future prospects.

About Deepak Nitrite Ltd.

Deepak Nitrite Ltd. is a chemical manufacturing company known for its diverse product portfolio, which includes basic chemicals, fine & speciality chemicals, and performance products. The company serves various industries, including agrochemicals, pharmaceuticals, plastics, textiles, and more.

While this block deal represents a notable transaction in Deepak Nitrite's shares, it's important for investors to consider this information as part of their broader analysis of the company and its market position. As always, market participants are advised to conduct their own research and consult with financial advisors before making investment decisions.

Deepak Nitrite 's wholly owned subsidiary, Deepak Chem Tech Limited (DCTL), has successfully raised ₹34.00 crores through the issuance of preference shares to its sister company, Deepak Phenolics Limited (DPL). This strategic move aims to bolster DCTL's capital base and support its ongoing projects and operational expenses.

Key Details of the Transaction

• Issue Size: 34,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS)
• Face Value: ₹100.00 per share
• Total Amount Raised: ₹34.00 crores
• Allotment Date: September 4, 2025
• Recipient: Deepak Phenolics Limited (DPL), another wholly owned subsidiary of Deepak Nitrite

Purpose and Impact

The capital infusion is intended to strengthen DCTL's financial position, enabling it to fund project expenses and meet general corporate purposes. This move underscores Deepak Nitrite's commitment to supporting its subsidiaries' growth and operational needs.

About Deepak Chem Tech Limited

DCTL, incorporated on October 9, 2020, operates a state-of-the-art fluorination plant and is actively pursuing various projects across Gujarat. The company has shown significant growth in its turnover:

Transaction Details

• The preference shares were issued at par value on an arms-length basis.
• Prior to this allotment, DCTL's paid-up capital stood at ₹1580.50 crores, comprising ₹499.50 crores in equity shares and ₹1081.00 crores in preference shares.
• Post-allotment, Deepak Nitrite continues to hold 100% of DCTL's equity share capital, while indirectly holding 100% of its preference share capital along with DPL.

Regulatory Compliance

The transaction adheres to the requirements of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for this investment.

This capital infusion reflects Deepak Nitrite's strategic approach to strengthening its subsidiary operations and supporting their growth initiatives in the chemical industry sector.