Deepak Phenolics Limited Invests ₹120 Crores into Deepak Chem Tech Ltd Through OCRPS Allotment
Deepak Chem Tech Limited, a wholly owned subsidiary of Deepak Nitrite Limited, has completed an investment transaction involving Deepak Phenolics Limited. The company issued and allotted 1,20,00,000 units of 9% Opportunity Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited (DPL).The total value of the OCRPS allotment, which bear a face value of ₹100 each, aggregates to ₹120.00 Crores. The investment was made by DCTL at par, confirming that the transaction was conducted on an arms length basis. Both Deepak Chem Tech Limited and Deepak Phenolics Limited are wholly owned subsidiaries of Deepak Nitrite Limited.
The primary objective of this infusion of funds into DCTL by DPL is to strengthen the capital base of Deepak Chem Tech Limited. The investment will support the company in carrying out project expenses and generating corporate purpose, aligning with the business activities of the listed entity.
Deepak Chem Tech Limited is currently engaged in manufacturing processes including Fluorination, Nitric Acid, Nitration, and Hydrogenation. The company operates plants in Gujarat and continues to pursue projects across various sites within the region.
The transaction was completed on July 10, 2026. Following the allotment, Deepak Nitrite Limited maintains a controlling interest of 100% of the Equity Share Capital in DCTL. Along with DPL, Deepak Nitrite Limited holds an indirect 100% of the Preference Share Capital in DCTL.
Key financial and operational details for Deepak Chem Tech Limited are presented below:
| Financial Parameter | Details |
|---|---|
| Current Paid Up Equity Capital (Pre-allotment) | ₹499.50 Crores |
| Current Paid Up Preference Share Capital (Pre-allotment) | ₹2,005 Crores |
| FY 2025-26 Turnover | < ₹172.23 Crores |
| FY 2024-25 Turnover | ₹9.43 Crores |
| FY 2023-24 Turnover | ₹0.86 Crores |
The ChemicaI Industry is the sector to which Deepak Chem Tech Limited belongs, and the investment supports the business activities of DCTL within its primary domain.
DEEPAKNTR Stock Price Movement
Today, Deepak Nitrite Limited shares edged higher in post-market trading, closing at ₹1644 after advancing 1.65%. The equity saw steady movement throughout the day, with volume reaching 153,220 shares as it spanned an intraday range from a low of ₹1627 to a high of ₹1669.3.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.
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