Deepak Nitrite Limited has invested ₹40 crore in its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL). The investment was made through the allotment of 40,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) at ₹100 each to another wholly-owned subsidiary, Deepak Phenolics Limited (DPL). This infusion aims to strengthen DCTL’s capital base and support project expenses.
Investment Overview
Deepak Nitrite Limited has announced an investment of ₹40 crore in its subsidiary, Deepak Chem Tech Limited (DCTL). The investment was executed on October 17, 2025.
Details of the Investment
The investment was made by allotting 40,00,000 Optionally Convertible Redeemable Preference Shares (OCRPS) of DCTL to Deepak Phenolics Limited (DPL). Each OCRPS has a face value of ₹100, totaling ₹40 crore.
Purpose of the Investment
The infusion of funds is intended to bolster DCTL’s capital base and support its ongoing and future project expenses. DCTL is currently operating a state-of-the-art Fluorination plant and is actively involved in pursuing various projects across multiple sites in Gujarat.
About Deepak Chem Tech Limited (DCTL)
DCTL is a wholly-owned subsidiary of Deepak Nitrite Limited. As of now, DCTL’s paid-up capital is ₹1699.50 crore, divided into Equity Shares of ₹499.50 crore and Preference Shares of ₹1200 crore. The turnover of DCTL during FY 2024-25 was ₹9.43 Crores.
Source: BSE
