Deepak Nitrite Limited, a leading chemical manufacturing company, has announced a significant leadership decision. The company's Board of Directors has approved the extension of Shri Anant Pande's term as Chief Manufacturing Officer for an additional period, spanning from November 23, 2025, to March 31, 2028.

Board Approval and Recommendation

The decision was made during a board meeting held on November 12, 2025, following a recommendation from the Nomination and Remuneration Committee. This extension reflects the company's confidence in Pande's leadership and his contributions to Deepak Nitrite's manufacturing operations.

Anant Pande's Profile

Shri Anant Pande, aged 62, brings a wealth of experience to his role:

Educational Background

• B.E. (Hons.) in Chemical Engineering
• M.Sc. (Hons.) in Chemistry from Birla Institute of Technology & Science, Pilani
• Executive Diploma in Management

Professional Experience

• 39 years in life science chemicals and pharmaceutical companies
• Previous roles include:
  • Chief Executive Officer at Dhampur Sugar Mills Limited
  • Wholetime Director & Chief of Operations at Jubilant Life Sciences
  • Leadership positions at Atul Limited, Continental Carbon India Limited, Indo Greefuel Private Limited, and Aditya Birla Group

Industry Involvement

Pande currently co-chairs the Manufacturing Excellence Committee of the Federation of Indian Chambers of Commerce & Industry (FICCI), showcasing his commitment to industry-wide manufacturing excellence.

Implications for Deepak Nitrite

The extension of Pande's term as Chief Manufacturing Officer is likely to ensure continuity in Deepak Nitrite's manufacturing strategies and operations. His extensive experience in the chemical and pharmaceutical sectors positions him well to guide the company's manufacturing division through the challenges and opportunities in the coming years.

It's worth noting that Pande is not related to any Directors or Key Managerial Personnel of Deepak Nitrite Limited, maintaining the independence of his role within the company's leadership structure.

This decision by Deepak Nitrite's board underscores the company's focus on maintaining strong leadership in its manufacturing operations, which is crucial for its continued success in the competitive chemical industry.

Deepak Nitrite Limited , a leading chemical manufacturing company, has reported a significant decline in its financial performance for the second quarter. The company's consolidated net profit fell by 38% to ₹118.75 crore, compared to ₹194.20 crore in the same period last year.

Revenue and Profitability

The company's revenue from operations decreased to ₹1,901.89 crore, down from ₹2,032.00 crore in the corresponding quarter of the previous year, representing a 6.4% year-on-year decline. This reduction in revenue was accompanied by a compression in profit margins:

Operational Performance

The company's operational performance was impacted by several factors:

1. Raw Material Costs: The cost of materials consumed decreased to ₹1,243.82 crore, down from ₹1,456.39 crore in the previous year.

2. Employee Expenses: Employee benefits expense saw a slight decrease to ₹99.22 crore from ₹106.45 crore year-on-year.

3. Other Expenses: Other expenses reduced to ₹114.80 crore from ₹133.09 crore, suggesting some cost control measures implemented by the company.

Segment Performance

Deepak Nitrite operates in two main segments:

1. Advanced Intermediates: This segment reported a profit before tax and interest of ₹22.97 crore, down from ₹47.45 crore in the same quarter last year.

2. Phenolics: The phenolics segment showed resilience with a profit before tax and interest of ₹144.78 crore, compared to ₹214.87 crore in the previous year's quarter.

Balance Sheet

The company's balance sheet remains robust:

• Total assets stood at ₹7,883.50 crore at the end of the quarter.
• The company maintained a cash and cash equivalent position of ₹22.50 crore.

Conclusion

Deepak Nitrite faced challenging market conditions in the quarter, experiencing pressure on sales volumes and pricing, leading to the observed decline in revenue and profitability. Despite these headwinds, the company's strong balance sheet and diverse product portfolio may position it to navigate the challenging environment. The reduction in other expenses suggests a focus on cost management, which may help in mitigating some of the impacts of reduced revenue.