Deepak Chem Tech Allots OCRPS to Deepak Phenolics, Boosting Capital Base
Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has completed a significant financial transaction involving the allotment of Optionatty Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited (DPL), which is also a wholly owned subsidiary of Deepak Nitrite Limited.The transaction details reveal that DCTL issued 1,20,00,000 9% Optionatty Convertible Redeemable Preference Shares (OCRPS), each with a face value of 100. The shares, aggregating to 120.00 Crores, were allotted to DPL. This investment is designed to strengthen the capital base of DCTL and support the company's operational expenses and general corporate purpose.
The business operations of DCTL, which include facilities for Fluorination, Nitric Acid, Nitration, and Hydrogenation, remain aligned with the core line of business of Deepak Nitrite Limited.
Transaction and Corporate Details
The transfer of funds took place via cash consideration, transferring money through a normal banking channel. The allotment of OCRPS to DPL was made at par, equating to 100 for each share, for a total value of 120.00 Crores.Both DCTL and DPL are considered Related Parties, as they are both wholly owned subsidiaries of Deepak Nitrite Limited. Following the allotment, Deepak Nitrite Limited and DPL maintain an indirect holding of 100% of the Preference Share Capital of DCTL and continue to hold 100% of the Equity Share Capital of DCTL.
The transaction provided the following key financial and operational insights:
| Particulars | Details |
|---|---|
| Target Entity | Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited. |
| DCTL Paid-up Capital (Prior to allotment) | 2384.50 Crores (499.50 Crores of Equity Shares and 1885 Crores of Preference Shares). |
| DCTL Turnover (FY 2023-24) | 0.86 Crores. |
| DCTL Turnover (FY 2024-25) | 9.43 Crores. |
| DCTL Turnover (FY 2025-26) | < 172.23 Crores. |
| Transaction Details | Allotment of 1,20,00,000 9% OCRPS to DPL. |
| Aggregate Consideration Value | 120.00 Crores. |
| Nature of Consideration | Cash by way of transfer of money by normal banking channel. |
| Investment Purpose | To strengthen the capital base of DCTL and support its project expenses. |
DEEPAKNTR Stock Price Movement
On Friday, Deepak Nitrite Limited shares slipped by 2.79% to close at ₹1682, marking a loss of ₹47.80 for the session. The stock recorded substantial trading activity, with total volume reaching 188,681 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.