Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has incorporated a wholly-owned subsidiary named ‘Prayas Institute for Future Readiness’. This new entity is limited by guarantee and operates under Section 8 of the Companies Act, 2013. Prayas will focus on charitable and not-for-profit activities in education, vocational training, skill development, and research. The incorporation date was November 4, 2026.
DFPCL Establishes New Subsidiary
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) announced the incorporation of a new entity, ‘Prayas Institute for Future Readiness’ (Prayas), on November 4, 2026. This wholly-owned subsidiary has been established as a company limited by guarantee under Section 8 of the Companies Act, 2013, designating it as a not-for-profit organization.
Objectives of Prayas Institute
The primary objective of Prayas is to undertake charitable and not-for-profit initiatives. Its focus areas include advancing education, vocational training, skill development, research, innovation, employability enhancement, and future readiness programmes. The company aims to establish and support educational institutions, training centres, and research facilities to foster knowledge and sustainable development.
Corporate Structure and Governance
As a subsidiary limited by guarantee, Prayas does not have a share capital. DFPCL, as a member, has undertaken to contribute up to ₹10,00,000 in the event of winding up, as outlined in the Memorandum of Association. The company is structured to facilitate its charitable mission without engaging in commercial transactions that would generate profit for shareholders.
Associated Details
The incorporation date of Prayas is November 4, 2026. Its activities are aligned with its role as a Section 8 company, focusing on social welfare and development. The incorporation event occurred on November 5, 2026, at 3:37 PM. Further details will be available on the company’s website, www.dfpcl.com.
Source: BSE
