Deep Industries Limited — JV/Acquisition, 30-06-2025: Amalgamation/Merger

Deep Industries Limited (DIL) has announced a board meeting on the approval of a scheme to amalgamate its wholly owned subsidiary, Kandla Energy & Chemicals Limited (KECL), into itself. The merger aims to create operational synergies through backward integration by internalizing KECL's chemical manufacturing, enhancing cost efficiency, simplifying corporate structure, optimizing resources, and expanding market reach. The combined entity will benefit from stronger financials, streamlined operations, and better growth prospects. Since KECL is wholly owned, no shares will be issued, so shareholders face no dilution.