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Latest news about Deepak Nitrite

Deepak Nitrite's Subsidiary Raises ₹35 Crores Through Preference Share Allotment 1 day ago

Deepak Chem Tech Limited, a wholly owned subsidiary of Deepak Nitrite, has raised ₹35 crores by allotting 35 lakh Optionally Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited, another subsidiary. The funds will be used to strengthen Deepak Chem Tech's capital structure, support ongoing project expenses, enhance operations at its fluorination plant, and fund various projects across multiple sites in Gujarat. This internal funding mechanism showcases the Deepak Nitrite group's coordinated effort to optimize resource allocation among its subsidiaries.

Deepak Nitrite Reports Q2 Growth with New Product Launches and Capacity Expansions 9 days ago

Deepak Nitrite Unveils Ambitious INR 9,000 Crore Polycarbonate Project in Major Capex Plan Nov 15, 2025

Deepak Nitrite Extends Chief Manufacturing Officer's Term Until 2028 Nov 13, 2025

Deepak Nitrite Reports 38% Drop in Q2 Net Profit Amid Challenging Market Conditions Nov 12, 2025

More news about Deepak Nitrite

07Nov 25

Deepak Nitrite's Subsidiary Raises ₹32 Crore Through Preference Share Allotment

Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite, has raised ₹32 crore by issuing 32,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited (DPL). The shares have a face value of ₹100 each and were allotted on November 7, 2025. This move aims to strengthen DCTL's capital base and support ongoing project expenses. Despite this transaction, Deepak Nitrite maintains 100% equity shareholding in DCTL. DCTL, incorporated in 2020, operates a fluorination plant and is pursuing projects in Gujarat. The company reported a turnover of ₹9.43 crore for FY 2024-25, up from ₹0.86 crore in FY 2023-24.

06Oct 25

Deepak Nitrite Unveils State-of-the-Art R&D Centre in Vadodara

Deepak Nitrite Limited has opened a new Research and Development centre named Deepak Research & Development Centre (DRDC) 2.0 in Savli, Vadodara. The 5-acre green campus features advanced laboratories, pilot plants, and cutting-edge analytical instruments. It focuses on chemicals, petrochemicals, and advanced materials, and is largely powered by renewable solar energy. The facility can accommodate over 100 professionals, including PhDs. This strategic move aims to accelerate research initiatives and foster innovation in the chemical industry.

26Sept 25

Deepak Nitrite's Subsidiary Commissions ₹115 Crore Hydrogenation Plant in Gujarat

Deepak Nitrite Limited's subsidiary, Deepak Chem Tech Limited, has commissioned a new Hydrogenation Plant in Dahej, Gujarat. The plant, costing approximately ₹115 crores, was officially commissioned on September 26. This expansion is expected to enhance the company's production capabilities in the chemical manufacturing sector. Additionally, Deepak Nitrite announced the closure of its trading window for designated persons from October 1 until 48 hours after the declaration of Q2 financial results.

16Sept 25

Deepak Nitrite Shares Worth Rs. 61.53 Crores Traded in NSE Block Deal

Deepak Nitrite Ltd. experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 344,418 shares at Rs. 1,786.60 per share, totaling Rs. 61.53 crores. This substantial deal in the chemical manufacturer's shares has drawn attention from market participants.

04Sept 25

Deepak Nitrite's Subsidiary Secures ₹34 Crore Capital Infusion Through Preference Share Issue

Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite, has raised ₹34 crores by issuing preference shares to its sister company, Deepak Phenolics Limited (DPL). The transaction involves 34,00,000 9% Optionally Convertible Redeemable Preference Shares at ₹100 per share. This capital infusion aims to strengthen DCTL's financial position for ongoing projects and operational expenses. DCTL, incorporated in 2020, operates a fluorination plant in Gujarat and has shown significant turnover growth. The transaction complies with SEBI regulations and maintains Deepak Nitrite's 100% ownership of DCTL's equity.

18Aug 25

Deepak Nitrite's Subsidiary Allocates ₹68 Crore in Preference Shares to Boost Capital

Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite, has issued ₹68 crore worth of 9% Optionally Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited (DPL), another subsidiary of Deepak Nitrite. The allotment involves 68,00,000 OCRPS at ₹100 per share, scheduled for August 18, 2025. This capital infusion aims to strengthen DCTL's financial position and support its projects in the specialty chemicals sector. DCTL, incorporated in 2020, operates a fluorination plant and is expanding in Gujarat. The company's turnover increased from ₹0.86 crore in 2023-24 to ₹9.43 crore in 2024-25. Deepak Nitrite maintains 100% equity ownership in DCTL, with indirect control of preference shares through DPL.

13Aug 25

Deepak Nitrite Reports 45% Drop in Q1 Net Profit Amid Challenging Market Conditions

Deepak Nitrite, a leading chemical intermediates producer in India, reported a significant decline in its Q1 financial performance. Consolidated net profit fell by 45% year-over-year to ₹112.25 crore, while revenue from operations declined by 13% to ₹1,889.88 crore. EBITDA decreased by 40% to ₹197.00 crore, with the EBITDA margin compressing to 10.00%. Both Advanced Intermediates and Phenolics segments experienced revenue and EBIT declines. The company faced challenges including global economic deceleration, oversupply from China, and sluggish demand in major economies. Despite these challenges, management remains optimistic about future prospects, focusing on expanding into new markets, driving integration, and enhancing sustainability efforts.

07Aug 25

Deepak Nitrite Settles ₹8.37 Lakh in Provident Fund Penalties

Deepak Nitrite has addressed delayed Provident Fund remittances by paying ₹8,36,696 as ordered by the Assistant Provident Fund Commissioner, Bharuch. This includes ₹3,04,324 in interest and ₹5,32,372 in damages for delays from March 1, 2013, to April 30. The company has settled the dues and stated there will be no further material financial impact. This disclosure was made in compliance with SEBI regulations.

31Jul 25

Deepak Nitrite's Subsidiary Issues ₹500 Million Worth of OCRPS

Deepak Nitrite Limited's wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued 50,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹500 million to its parent company. This move aims to strengthen DCTL's capital base and support ongoing project expenses. DCTL operates a fluorination plant and reported a turnover of ₹9.43 crore. The transaction, conducted on an arm's length basis, complies with regulatory requirements and has been reported to the BSE Limited.

11Jul 25

Deepak Nitrite Completes ₹55 Crore Preference Share Allocation to Deepak Phenolics

Deepak Nitrite has completed the allocation of Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹55.00 crore to its subsidiary, Deepak Phenolics. This strategic financial move could provide additional capital for Deepak Phenolics' operations or expansion plans, while potentially increasing Deepak Nitrite's stake in the subsidiary.

06Jun 25

Deepak Nitrite Subsidiary Issues ₹176 Crore Preference Shares to Deepak Phenolics

A subsidiary of Deepak Nitrite Limited has issued Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹176.00 crore to Deepak Phenolics Limited. This internal funding arrangement within the Deepak Nitrite group involves a unique financial instrument combining features of debt and equity, potentially aimed at optimizing the group's capital structure or supporting growth initiatives.

29May 25

Deepak Nitrite Reports Mixed Q4 FY2025 Results: Revenue Up, Profit Down

Deepak Nitrite Ltd announced its Q4 FY2025 financial results, showing a 2.5% YoY revenue increase to Rs 2,179.69 crore and a 5% EBITDA growth to Rs 316.51 crore. However, net profit declined by 20% to Rs 202.41 crore. Despite the profit drop, the company's share price gained 4.74% post-announcement, suggesting investor focus on revenue and EBITDA growth.

28May 25

Deepak Nitrite Reports 20% Drop in Q4 Profit, Announces Dividend

Deepak Nitrite's Q4 results show a 20.3% year-on-year decrease in consolidated net profit to ₹202.40 crore, while revenue increased by 2.4% to ₹2,179.70 crore. EBITDA rose 5% to ₹316.50 crore, with the EBITDA margin improving to 14.52%. The board recommended a final dividend of ₹7.50 per equity share.

21Apr 25

Deepak Nitrite Poised to Benefit from Extended Ammonium Nitrate Manufacturing Licenses

The Indian government has amended rules for ammonium nitrate manufacturing, extending license validity from 5 to 10 years. This change could positively impact Deepak Nitrite Ltd, allowing for long-term planning, reduced administrative burden, increased operational stability, and potentially enhanced investor confidence. The amendment applies to all companies in the sector, potentially leading to a more stable and competitive industry landscape.

17Apr 25

Deepak Nitrite's Subsidiary Strengthens Capital Base with ₹163 Crore OCRPS Issuance

Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite Limited, has issued Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹163 crore to another subsidiary, Deepak Phenolics Limited. The transaction involves 1,63,00,000 9% OCRPS with a face value of ₹100 each. This move aims to strengthen DCTL's capital base and support its ongoing projects in Gujarat. DCTL's paid-up capital before the allotment was ₹923 crore, comprising ₹499.50 crore in equity shares and ₹423.50 crore in preference shares. The transaction, executed on an arm's length basis, required no governmental or regulatory approvals.

16Apr 25

Deepak Nitrite's Subsidiary Raises ₹163 Crore Through Preference Share Issue

Deepak Nitrite Limited's wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹163 crore to another subsidiary, Deepak Phenolics Limited. The transaction, completed on April 16, 2025, involved 1,63,00,000 9% OCRPS at ₹100 each. This move aims to strengthen DCTL's capital base for ongoing projects. Deepak Nitrite maintains 100% ownership of DCTL's equity, while indirectly holding 100% of its preference shares. DCTL, incorporated in 2020, operates a fluorination plant and is pursuing various projects in Gujarat.