Deepak Fertilisers & Petrochemicals Corporation Limited has received a CGST demand order of Rs 26.75 lakhs from tax authorities, the company disclosed in a regulatory filing under SEBI Listing Regulations. The demand relates to disallowed input tax credit claims, which the company disputes and plans to challenge through legal channels.

Demand Order Details

The order was issued by the Superintendent, CGST & C. Ex. Range-IV, Div-VII, Bharuch, Vadodara-II Commissionerate on March 11, 2026. The company received the order via email on the same day at approximately 15:48 hours.

The order reference number is ZD240326030386L dated March 11, 2026. The demand stems from the tax department's decision to disallow input tax credit claimed by the company, which authorities deemed ineligible.

Company's Position and Response

Deepak Fertilisers maintains that no violation or contravention has been committed. The company's management has taken a legal view that the demand is not tenable and is liable to be set aside in appeal.

Financial and Operational Impact

The company has assessed that the CGST demand order will have no material impact on its financial position, operations, or other business activities. This assessment reflects management's confidence in successfully challenging the order through legal proceedings.

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically under sub-para 20, Para A, Part A, Schedule III. The information has also been made available on the company's website at www.dfpcpl.com for stakeholder reference.

Robust Marketing Services Private Limited has pledged 1,05,000 equity shares of Deepak Fertilisers And Petrochemicals Corporation Limited to Bajaj Finance Limited as part of a security arrangement for a loan facility. The pledge was created on 4th March 2026 and disclosed to stock exchanges on 11th March 2026 under SEBI Takeover Code regulations.

Pledge Details and Purpose

The pledged shares represent 0.083% of DFPCL's total paid-up share capital. The encumbrance was necessitated due to a shortfall in security cover of the loan on account of adverse movement in the market price of shares.

Loan Facility Structure

SCM Growth LLP availed the loan facility from Bajaj Finance Limited specifically for subscribing to Compulsorily Convertible Debentures issued by Deepak Mining Solutions Limited. Deepak Mining Solutions is a 100% subsidiary of DFPCL, which is listed on both BSE and NSE.

Robust Marketing Services acts as the security provider in this arrangement, with SCM Growth LLP being the borrower. The pledge was created as a security top-up requirement as per the loan agreement between the three parties.

Promoter Holdings Overview

Following this pledge, Robust Marketing Services' total encumbered shareholding in DFPCL has increased significantly:

The disclosure reveals that out of the total 29,05,000 encumbered shares, 21,05,000 shares are pledged in favour of Bajaj Finance Limited, while 8,00,000 shares are pledged in favour of Tata Capital Limited.

Regulatory Compliance

The disclosure was made in compliance with Regulation 31(1) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, and the Master circular dated February 16, 2023. The filing was submitted to both BSE Limited and National Stock Exchange of India Limited, where DFPCL shares are listed under codes 500645 and DEEPAKFERT respectively.

Sailesh Chimanlal Mehta, Director of Robust Marketing Services Private Limited with DIN 00128204, signed the disclosure documents on behalf of the company from Pune.