Deepak Fertilisers & Petrochemicals has disclosed receipt of an additional income tax demand order worth ₹21.51 crores from the Central Processing Centre, Bengaluru, bringing the total tax demands across the group to ₹128.17 crores. The latest demand pertains to Assessment Year 2024-25 and was received on December 24, 2025.

Latest Demand Order Details

The parent company received the demand order under Section 143(1) of the Income Tax Act, 1961:

The CPC increased the company's income by ₹10.34 crores without specifying details in the order and did not provide credit for TDS and TCS amounting to ₹14.33 crores and ₹2.80 lakhs respectively.

Previous Subsidiary Demands

Earlier, the company's material subsidiaries had received income tax demands totaling ₹106.66 crores:

Deepak Mining Solutions Limited (DMSL)

Mahadhan AgriTech Limited (MAL)

Company's Position and Expected Impact

Deepak Fertilisers maintains that no financial impact is expected from the latest demand, similar to its stance on previous subsidiary demands. The company stated that assessment proceedings for AY 2024-25 are in progress and will be completed by March 31, 2026. No contraventions are alleged in the order.

The company plans to seek clarification for differences in business income and will take necessary action during the ongoing assessment proceedings. The issues primarily relate to non-recognition of tax credits and TDS/TCS amounts rather than substantive tax violations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding demand orders from income tax authorities. The company has made the information available on its website at www.dfpcl.com as per regulatory requirements.

Deepak Fertilisers & Petrochemicals Corporation Ltd has seen a significant increase in stake by SBI Mutual Fund, crossing a key regulatory threshold. The fund acquired 2,09,600 shares of the company on November 11, 2025, through market purchase, bringing its total holding to 63,48,107 shares.

Stake Increase and Regulatory Implications

The recent acquisition has pushed SBI Mutual Fund's stake in Deepak Fertilisers to 5.03% of the company's paid-up share capital, up from 4.96% prior to the purchase. This increase is noteworthy as it crosses the 5% threshold, triggering disclosure requirements under Securities and Exchange Board of India (SEBI) regulations.

Transaction Details

The transaction details are as follows:

Company Overview

Deepak Fertilisers & Petrochemicals Corporation Ltd has a total equity share capital of Rs. 126.24 crore, consisting of 12,62,37,825 equity shares with a face value of Rs. 10 each. The company operates in the fertilizer and petrochemical sectors, playing a significant role in India's agricultural and industrial landscape.

Market Implications

This increased investment by SBI Mutual Fund, one of India's leading asset management companies, may be seen as a vote of confidence in Deepak Fertilisers' business model and future prospects. It could potentially influence market sentiment towards the company and attract attention from other institutional investors.

Regulatory Compliance

The crossing of the 5% ownership threshold necessitates disclosure to regulatory authorities, ensuring transparency in significant shareholding changes. This move aligns with SEBI's efforts to maintain market integrity and keep investors informed about substantial changes in company ownership structures.

As Deepak Fertilisers continues to navigate the fertilizer and petrochemical markets, this increased stake by SBI Mutual Fund marks a significant development in its ownership structure.