Deepak fertilisers & petrochemicals Corporation Limited has successfully resolved a regulatory matter with the Ministry of Corporate Affairs, receiving a final order that concludes compounding proceedings under the Companies Act 2013.

Final Order and Payment Details

The Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai passed the final order on December 26, 2025, which was received by the company on January 1, 2026. The resolution involved payment of compounding fees totaling ₹35.50 lakh.

Background of the Matter

The compounding application was filed under Section 441 of the Companies Act 2013 for alleged non-disclosures under Section 129 of the Act. The specific allegations involved:

• Non-disclosure of immovable property in books of accounts
• Non-disclosure of investments in books of accounts
• Non-disclosure of contingent liabilities in books of accounts

The company had previously disclosed receiving interim orders from the Regional Director's office on December 2, 2025, through a filing made on December 3, 2025.

Resolution and Compliance

With the payment of the compounding fees by both applicants, the alleged violation has been officially compounded. The compounding application now stands disposed-off, bringing complete closure to the regulatory proceedings.

The company has maintained transparency throughout the process, ensuring all required disclosures were made to stock exchanges in compliance with SEBI regulations. The final order was received by the Chairman & Managing Director via speed post on January 1, 2026, around 5:30 p.m.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All details required under Para A of Part A of Schedule III, as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, were previously disclosed to stock exchanges on December 3, 2025.

The information has also been made available on the company's website at www.dfpcl.com , ensuring comprehensive stakeholder communication regarding this regulatory matter.

Deepak fertilisers & petrochemicals has informed stock exchanges about a tax demand order issued against its wholly owned material subsidiary, Mahadhan AgriTech Limited (MAL). The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations on December 31, 2025.

Tax Demand Details

The Assistant Commissioner of Commercial Taxes (Audit)-6.3, DGSTO-6, Bangalore issued the order with reference number ZD291225240989S dated December 31, 2025. The total demand amounts to ₹1,84,40,339, broken down as follows:

Nature of Dispute

The tax authorities have disallowed input tax credit claimed by Mahadhan AgriTech Limited, citing non-reflection in GSTR2A as the reason for the demand. The order was passed and received by the company via email on December 31, 2025, at 13:06.

Deepak Fertilisers maintains that there is no violation or contravention on the part of its subsidiary. The company has clarified that the department's action stems from technical issues related to tax credit reflection rather than any substantive non-compliance.

Company's Response and Impact Assessment

The parent company has assessed that there will be no material impact on the financials, operations, or other activities of the organization due to this tax demand. Mahadhan AgriTech Limited has taken a legal view that the demand is not tenable and is liable to be set aside upon appeal.

Next Steps

The company plans to challenge the tax demand order at an appropriate legal forum. This disclosure has been made available on the company's website at www.dfpcl.com , in compliance with regulatory requirements.

The development represents a routine tax dispute that the company expects to resolve through the established legal process, with management expressing confidence in their position regarding the input tax credit claims.