Deepak Phenolics Limited (DPL), a wholly owned subsidiary of Deepak Nitrite Limited, has invested ₹48 Crores in Deepak Chem Tech Limited (DCTL), another wholly owned subsidiary. This investment was executed through the issuance and allotment of 4,800,000, 9% Optionally Convertible Redeemable Preference Shares (OCRPS) at a face value of ₹100 each. The investment is aimed at strengthening DCTL’s capital base.
Strategic Investment Overview
Deepak Nitrite Limited announced that Deepak Phenolics Limited (DPL), a wholly owned subsidiary, has made a strategic investment in Deepak Chem Tech Limited (DCTL), another wholly owned subsidiary. The investment, totaling ₹48 Crores, aims to bolster DCTL’s financial capabilities and support its ongoing and future projects.
Details of the Investment
On September 19, 2025, DCTL issued and allotted 4,800,000, 9% Optionally Convertible Redeemable Preference Shares (OCRPS) to DPL. The shares have a face value of ₹100 each, aggregating to the total investment of ₹48 Crores. This infusion of capital will directly contribute to DCTL’s ability to pursue project expenses and fulfill general corporate purposes.
Deepak Chem Tech Limited (DCTL)
DCTL operates a state-of-the-art Fluorination plant and is actively involved in various projects in Gujarat. As of FY 2024-25, DCTL reported a turnover of ₹9.43 Crores. The company was incorporated on October 9, 2020. DCTL focuses on the chemical industry. The infusion of funds by DPL is to strengthen the capital base of DCTL and support it in carrying out project expenses and general corporate purposes.
Source: BSE
