Deepak Fertilisers Restructures ₹1,044.85 Cr ICD into Equity in Subsidiary, Ownership Unchanged
By HDFC SKY | Updated at: Jun 12, 2025 12:21 AM IST
Mumbai, 11 June 2025: Deepak Fertilisers and Petrochemicals Corporation Ltd (NSE: DEEPAKFERT, BSE: 500645) has undertaken a major internal financial reorganisation by converting Inter Corporate Deposits (ICDs) worth ₹1,044.85 crore into equity within one of its key step-down subsidiaries—without affecting overall ownership.
As of 1:21 p.m. IST on June 11, shares of Deepak Fertilisers and Petrochemicals Corporation Ltd were trading at ₹1,587.00, reflecting a gain of ₹33.70 or 2.17% for the day. The stock opened at ₹1,564.90, touched an intraday high of ₹1,612.00, and recorded a low of ₹1,556.20. The company’s market capitalisation stands at ₹20,020 crore, with a P/E ratio of 21.46 and a dividend yield of 0.63%. The stock has a 52-week range of ₹579.30 to ₹1,612.00, and the latest quarterly dividend payout is ₹2.50 per share.
Major Update
Performance Chemiserve Limited (PCL), a significant step-down subsidiary, has issued 63,286 equity shares to Deepak Mining Solutions Limited (DMSL), its immediate holding company, in exchange for the ICDs, following the original financial terms agreed upon.
DMSL, which is fully owned by Deepak Fertilisers, remains the sole equity holder of PCL. As a result, the ownership structure remains fully intact, with Deepak Fertilisers continuing to exercise complete control over PCL’s operations and strategic direction.
Shareholding Snapshot
| Entity | Pre-Allotment Holding | Post-Allotment Holding | Change |
|---|---|---|---|
| Deepak Mining Solutions Ltd | 100% | 100% | Nil |
Equity Conversion Details
| Parameter | Value |
|---|---|
| No. of Shares Allotted | 63,286 Equity Shares |
| ICD Amount Converted | ₹1,044.85 crore |
| Beneficiary | Deepak Mining Solutions Limited |
| Time of Event | 10:45 a.m., June 11, 2025 |
| Regulation Cited | SEBI LODR Regulation 30 |
The transaction follows the original terms under the ICD agreement, indicating a carefully planned internal restructuring aimed at optimising capital allocation within the group.
Regulatory Disclosure
This development was officially reported under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation requires listed companies to promptly share significant events with the stock exchanges to uphold investor transparency and corporate governance.
Company Profile
Deepak Fertilisers and Petrochemicals Corporation Ltd is a publicly traded company specialising in the production of industrial chemicals, crop nutrients, and mining chemicals. Based in Pune, the firm maintains a broad product line and a strong footprint in both Indian and global markets. Its shares are actively listed on the National Stock Exchange and the Bombay Stock Exchange.
This internal capital shift demonstrates the company’s ongoing commitment to strategic financial discipline and efficient deployment of resources across its subsidiaries.
REF: https://nsearchives.nseindia.com/corporate/DEEPAKFERT_11062025122627_IntimationPCLICDintoEquity.pdf
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