Deepak Nitrite has invested ₹32 Crore in its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL), by subscribing to 3,200,000 Optionally Convertible Redeemable Preference Shares (OCRPS). The investment aims to strengthen DCTL’s capital base and support its ongoing project expenses. DCTL operates a state-of-the-art Fluorination plant and pursues various projects in Gujarat. The transaction was conducted on an arm’s length basis.
Investment in Subsidiary
Deepak Nitrite Limited has announced an investment of ₹32 Crore in its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL). The investment was made through the subscription of 3,200,000 Optionally Convertible Redeemable Preference Shares (OCRPS) at a face value of ₹100 each.
Purpose of the Investment
The infusion of funds is intended to strengthen the capital base of DCTL and provide financial support for its project expenses. DCTL is actively involved in operating a Fluorination plant and pursuing various projects in Gujarat. The current paid-up capital of DCTL is ₹1739.50 Crores.
Deepak Chem Tech Limited (DCTL) Overview
Deepak Chem Tech Limited (DCTL) is a wholly-owned subsidiary of Deepak Nitrite Limited. As of November 7, 2025, DCTL has been allotted 3,200,000 OCRPS by Deepak Phenolics Limited. The turnover of DCTL during FY 2024-25 was ₹9.43 Crores. DCTL operates a state-of-the-art fluorination plant.
Source: BSE
