Deepak Fertilisers Subsidiary to Acquire Explosives Manufacturer

Deepak Fertilisers & Petrochemicals Corporation Ltd has informed that its wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), has entered into an agreement to acquire 100% equity shares of an explosives manufacturer. This acquisition is subject to the fulfillment of certain conditions precedents and the successful closing of the transaction. The agreement was signed on December 24, 2025, at 04:05 p.m.

The financial terms of the acquisition, including the consideration amount, remain undisclosed due to confidentiality obligations. The transaction will be executed through a cash consideration. Further details regarding the transaction value and the name of the target entity will be disclosed upon the successful closure of the transaction.

The acquisition will enable DMSL to enhance its export capabilities for value-added products and services. This will be supported by the upcoming Technical Ammonium Nitrate (TAN) capacities at DMSL’s Gopalpur TAN plant. Additionally, the acquisition will facilitate the export of differentiated products to DMSL’s wholly owned Mining Services subsidiary in Australia. The target entity operates within the explosives manufacturing industry.

According to the filing, no regulatory approvals are required for this acquisition. The completion of the acquisition is anticipated by April 15, 2026, or any other mutually agreed date, including possible extensions due to force majeure events. The acquisition does not involve any related party transactions, and the promoter group has no interest in the entity being acquired.

Deepak Fertilisers & Petrochemicals Corporation Ltd is focused on expanding its capabilities in the chemical and mining sectors. The company is strategically enhancing its product offerings and export potential through acquisitions and capacity expansions. This acquisition aligns with its goal to strengthen its presence in the global market for value-added chemical products.