Deep Industries Limited — Board Meeting, 30-06-2025: Outcome of Board Meeting

Deep Industries has announced a board meeting on the proposed amalgamation of its wholly owned subsidiary, Kandla Energy & Chemicals Limited (KECL), into Deep Industries itself. KECL’s chemical manufacturing business complements Deep Industries’ oil and gas support services, creating strong backward integration and cost efficiencies. This merger aims to simplify corporate structure, optimize resources, and enhance operational synergies, leading to improved margins and a stronger financial profile. No shares will be issued as KECL is fully owned, so the shareholding pattern remains unchanged. The move sets the stage for greater scale and market reach across India.