Deepak Nitrite has announced an investment of ₹68 Crore in its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL). The investment was made through the subscription of 68,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) at ₹100 each by Deepak Phenolics Limited (DPL), another wholly-owned subsidiary. The funds will bolster DCTL’s capital base and support project expenses.
Strategic Investment in Subsidiary
Deepak Nitrite Limited has channeled funds into its subsidiary, Deepak Chem Tech Limited (DCTL), by way of its other subsidiary Deepak Phenolics Limited (DPL). On January 9, 2026, DCTL issued and allotted 68,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS).
Details of the Investment
The 9% Optionally Convertible Redeemable Preference Shares (OCRPS) have a face value of ₹100 each. The total investment amounts to ₹68.00 Crores. These shares were subscribed to by Deepak Phenolics Limited (DPL), another wholly owned subsidiary of Deepak Nitrite.
Deepak Chem Tech Limited (DCTL) Overview
DCTL, is a wholly owned subsidiary of Deepak Nitrite Limited, has a paid-up capital of ₹1851.50 Crores including ₹499.50 Crores of Equity Shares and ₹1352 Crores of Preference Shares. DCTL operates a fluorination plant and is actively working on various projects in Gujarat. The turnover for FY 2024-25 was ₹9.43 Crores.
Purpose of the Investment
The infusion of funds into DCTL by DPL aims to strengthen DCTL’s capital base. It will also support DCTL in carrying out project expenses and general corporate purposes. The business activities of DCTL align with the main line of business of the listed entity, Deepak Nitrite.
Source: BSE
