Deepak Nitrite Limited has invested ₹45 Crore in its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL). The investment was made through the allotment of 45,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) to another wholly-owned subsidiary, Deepak Phenolics Limited (DPL). This move aims to strengthen DCTL’s capital base and support its ongoing projects.
Investment Overview
Deepak Nitrite Limited has announced an investment of ₹45 Crore into its subsidiary, Deepak Chem Tech Limited (DCTL). The investment was executed on December 19, 2025, through its other subsidiary, Deepak Phenolics Limited (DPL).
Details of the Investment
The investment involves the allotment of 45,00,000, 9% Optionally Convertible Redeemable Preference Shares (OCRPS) of DCTL to Deepak Phenolics Limited (DPL). The face value of these shares is ₹100 each, totaling ₹45 Crore. This infusion is expected to bolster the financial standing of DCTL.
Purpose of the Investment
The funds are intended to strengthen the capital base of Deepak Chem Tech Limited (DCTL), supporting its ongoing project expenditures and general corporate activities. This move aligns with the company’s strategy to reinforce its subsidiaries and enhance operational capabilities.
About Deepak Chem Tech Limited
Deepak Chem Tech Limited (DCTL) is a wholly-owned subsidiary of Deepak Nitrite Limited, operating a Fluorination plant. The turnover of DCTL during FY 2024-25 was ₹9.43 Crores.
Source: BSE
