Deep Industries Limited — JV/Acquisition, 31-03-2025: Acquisition

Deep Industries Limited has acquired 100% of Kandla Energy and Chemicals Limited, making it a wholly-owned subsidiary. The acquisition, valued at ₹1 lakh for 10,000 equity shares, is aimed at creating operational synergies in the procurement of hydrocarbon fluids and chemicals, thus enhancing cost efficiency in drilling services. Despite Kandla having no turnover due to its entry into the Corporate Insolvency Resolution Process in 2022, this strategic investment could unlock potential value and strengthen Deep Industries' market position.