Deepak Fertilisers and Petrochemicals Corporation Ltd Announces 46th AGM

Deepak Fertilisers and Petrochemicals Corporation Ltd Announces 46th AGM​

Deepak Fertilisers and Petrochemicals Corporation Limited has announced the scheduling of its 46th Annual General Meeting (AGM) for shareholders. The meeting is set for Tuesday, September 1, 2026, at 11:00 a.m., and will be conducted through Video Conferencing (VC) or other Audio-Visual Means.

The AGM agenda includes the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with reports from the Board of Directors and Auditors. Shareholders will also consider a resolution to declare a dividend on equity shares.

Corporate Appointments and Financial Review​

Key business matters scheduled for consideration at the meeting include:

• Dividend Declaration: A proposal was put forward to declare a dividend at the rate of ₹10/- per equity share (face value ₹10/–).
• Director Reappointment: Mr. Madhumilan Parshuram Shinde, who retires by rotation, is proposed for re-appointment as a Director.
• Statutory Auditor: M/s. P G BHAGWAT LLP, Chartered Accountants, will be considered for the re-appointment as Statutory Auditors for a second term of five consecutive years, running from the conclusion of the 46th AGM until the 51st Annual General Meeting in the calendar year 2031.
• Cost Auditor Ratification: Shareholders are requested to ratify the remuneration of M/s. Harshad S. Deshpande & Associates, Cost Accountants, which is proposed at ₹2,50,000/- plus taxes for the financial year ending March 31, 2027.
• New Director Appointment: Mr. Yeshil Sailesh Mehta is to be appointed as a Non-Executive Non-Independent Director.

Directors and Expertise​

The company will seek shareholder approval for the appointment and re-appointment of two key individuals:


Mr. Madhumilan Parshuram Shinde has been associated with the company since February 10, 2017, and his roles include serving on several committees across the group companies, such as the Nomination & Remuneration Committee and Risk Management Committee.

Mr. Yeshil Sailesh Mehta was approved by the Board of Directors for appointment effective July 1, 2026. He holds a Master's in Business Administration from Harvard Business School and possesses experience in strategic financial restructuring and consulting gained through various roles within the group and associated firms.

Auditor Details and Remuneration​

M/s. P G BHAGWAT LLP was originally appointed as Statutory Auditors for a period of five years, commencing from the 41st AGM until the 46th AGM (2026). The Board recommended the re-appointment of PGB for a second term of five consecutive years, subject to shareholder approval.

The proposed remuneration for M/s. P G BHAGWAT LLP for the financial year ending March 31, 2027, is estimated at ₹46 lakhs (comprising ₹29 lakhs towards statutory audit fee, ₹12 lakhs towards limited review fee, and ₹5 lakhs towards tax audit fee), excluding applicable taxes.

The company confirmed that neither Directors nor Key Managerial Personnel are interested in the passing of the resolutions related to these appointments.

DEEPAKFERT Stock Price Movement​

Shares of Deepak Fertilizers and Petrochemicals Corporation Limited slipped by 1.53% on Friday, settling at ₹1537.8. The stock recorded a trading volume of 197,325 shares during the session.