Deepak Nitrite's subsidiary, Deepak Chem Tech, allots OCRPS to Deepak Phenolics
Deepak Nitrite's wholly-owned subsidiary, Deepak Chem Tech, allots 35,00,000 OCRPS aggregating to ₹35.00 Crores to another subsidiary, Deepak Phenolics, to strengthen its capital base.
The transaction is between wholly-owned subsidiaries and is unlikely to have a significant impact on the company's overall performance or market value.
The announcement is about an internal transaction between subsidiaries and does not indicate a positive or negative outlook.
* Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite Limited, has allotted 35,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) to Deepak Phenolics Limited (DPL), another wholly-owned subsidiary. * The OCRPS have a face value of ₹100 each, aggregating to ₹35.00 Crores. * The allotment was made on November 28, 2025. * The object of the infusion of funds into DCTL by DPL is to strengthen the capital base of DCTL and support DCTL in carrying out project expenses. * DCTL is operating a state-of-the-art Fluorination plant and actively pursuing projects across various sites in Gujarat. * The turnover of DCTL during FY 2024-25 was ₹9.43 Crores. * The allotment is made at par i.e. for ₹100 each, aggregating to ₹35.00 Crores, and the transaction is on an arm's length basis.
What to do with a filing like this
Deepak Nitrite Limited filed this with the NSE as a statutory disclosure, categorised under related party transactions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Deepak Nitrite Limited. Read the original for the full detail.