Deepak Nitrite Subsidiary Deepak Chem Tech Raises ₹100 Crores Through Preference Share Allotment

2 min read     Updated on 27 Feb 2026, 02:39 PM
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Reviewed by
Ashish TScanX News Team
Overview

Deepak Chem Tech Limited has allotted 1,00,00,000 preference shares worth ₹100 crores to Deepak Phenolics Limited on February 27, 2026. The 9% OCRPS were issued at par value of ₹100 each to strengthen DCTL's capital base for project expenses and corporate purposes. DCTL operates a fluorination plant in Gujarat and reported turnover of ₹9.43 crores in FY 2024-25, showing significant growth from ₹0.86 crores in the previous year.

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*this image is generated using AI for illustrative purposes only.

Deepak Nitrite Limited has announced a significant intra-group investment transaction involving its wholly owned subsidiaries. Deepak Chem Tech Limited (DCTL) has successfully allotted preference shares worth ₹100 crores to Deepak Phenolics Limited (DPL) on February 27, 2026, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The investment involves the allotment of 1,00,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) by DCTL to DPL. Each preference share carries a face value of ₹100 and has been issued at par value, resulting in a total transaction value of ₹100.00 crores.

Parameter: Details
Number of Shares: 1,00,00,000 OCRPS
Face Value per Share: ₹100
Issue Price: ₹100 (at par)
Total Transaction Value: ₹100.00 crores
Allotment Date: February 27, 2026
Nature of Consideration: Cash via banking channel

Company Profile and Operations

Deetak Chem Tech Limited operates as a wholly owned subsidiary of Deepak Nitrite Limited in the chemical industry. The company currently runs a state-of-the-art fluorination plant and has been actively pursuing projects across various sites in Gujarat. DCTL was incorporated on October 9, 2020, and has shown significant growth in its operations.

Financial Performance

Financial Year: Turnover
FY 2024-25: ₹9.43 crores
FY 2023-24: ₹0.86 crores
FY 2022-23: Not Available

Capital Structure and Shareholding

Prior to this allotment, DCTL maintained a paid-up capital of ₹1999.50 crores, comprising ₹499.50 crores in equity shares and ₹1500 crores in preference shares. Following the current transaction, Deepak Nitrite Limited continues to hold 100% of the equity share capital of DCTL, while together with DPL, it maintains indirect control of 100% of the preference share capital.

Strategic Objectives

The primary objective of this fund infusion is to strengthen DCTL's capital base and provide financial support for:

  • Project expenses across various Gujarat sites
  • General corporate purposes
  • Expansion of fluorination plant operations
  • Support for ongoing chemical industry projects

Regulatory Compliance

The transaction qualifies as a Related Party Transaction (RPT) since both DCTL and DPL are wholly owned subsidiaries of Deepak Nitrite Limited. However, the company has confirmed that the transaction has been conducted on an "arms length" basis. No governmental or regulatory approvals were required for this investment, and the allotment was completed on the same day of announcement.

This strategic investment demonstrates the company's commitment to strengthening its subsidiary operations and expanding capabilities in the chemical sector, particularly in fluorination technology and related projects across Gujarat.

Historical Stock Returns for Deepak Nitrite

1 Day5 Days1 Month6 Months1 Year5 Years
-0.83%-3.60%+1.09%-14.26%-16.12%+15.49%

Deepak Nitrite to Participate in IIFL 17th Entrepreneurial India Conference 2026

1 min read     Updated on 24 Feb 2026, 09:07 AM
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Reviewed by
Shriram SScanX News Team
Overview

Deepak Nitrite Limited announced its participation in the IIFL 17th Entrepreneurial India Conference 2026 on February 26, 2026 in Mumbai. The company will engage with analysts and institutional investors through one-on-one and group meetings via management representatives. No unpublished price sensitive information will be shared and no presentation is planned during these interactions.

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*this image is generated using AI for illustrative purposes only.

Deepak Nitrite Limited has announced its participation in a major investor conference, marking another step in its stakeholder engagement activities. The company disclosed this information in compliance with regulatory requirements on February 23, 2026.

Conference Participation Details

The company will participate in the IIFL 17th Entrepreneurial India Conference 2026 through its management representatives. The event details are structured as follows:

Parameter: Details
Event Date: February 26, 2026
Conference Name: IIFL 17th Entrepreneurial India Conference 2026
Venue: Mumbai
Meeting Format: One on One and Group Meeting

Regulatory Compliance and Information Sharing

The company has made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepak Nitrite Limited has specifically clarified that no unpublished price sensitive information will be shared during the meetings.

Additionally, the company confirmed that no presentation is proposed to be made during these investor interactions. The management noted that the schedule of the event is subject to change, providing flexibility for any potential adjustments.

Transparency and Accessibility

In line with transparency practices, Deepak Nitrite Limited has made this information available on its official website. The disclosure can be accessed at the company's dedicated regulatory disclosure section, ensuring stakeholders have easy access to this corporate communication.

The announcement was signed by Arvind Bajpai, Company Secretary, and digitally authenticated on February 23, 2026. This participation represents the company's ongoing commitment to maintaining regular dialogue with the investment community and analysts.

Historical Stock Returns for Deepak Nitrite

1 Day5 Days1 Month6 Months1 Year5 Years
-0.83%-3.60%+1.09%-14.26%-16.12%+15.49%

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1 Year Returns:-16.12%