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HHHH*#DNL/ 1 40 / NSE/ 1 1 45 / 202012th October,2020
Listing DepartmentNational Stock Exchange of India LimitedExchange PtazaBandra Kurla ComptexBandra (E)MUMBAT - 400 051
Dear Sir,
Stock Symbol: DEEPAKNTR
Sub: - Incorporation of whollv owned subsidiary of the Companv
Pursuant under Regulation 30 of SEBI (Listing Obtigation and Disctosure Requirements)Regutations,2015 ("SEBI Listing Regutations"), we would like to inform you that theCompany has incorporated a wholly owned subsidiary company named Deepak CleanTech Limited ("DCTL") with effect from 9th October,2020.
The details as required under SEBI (Listing Obtigations and Disctosure Requirements)Regutations, 2015 read with SEBI Circutar No. CIRICFD/CMD/4/2015 dated9th September,2015 is attached herewith as Annexure-A.
You are requested to please take the same on your record.
Thanking you,
Yours faithfutty
Enct: as above
DEEPAK NITRITE LIMITED
CIN: 124110GJ1970P1C001735
Registered & Corporate Office:
Aaditya - l, Chhani Road, Vadodara -390 024. Gujarat, India.
Tel: +91 265 276 5200/396 0200 | Fax: +91 265 2765344Investor Retations Contact: investorp godeepak.com
wwwgodeepak.com
AR JPAI
$Annexure-A
Disctosure under Regutation 30 of SEBI (LODR) Regutations, 2015
RISPONSIBLE
$f:i+-Nit't:
a) Name of the target entity,details in brief such as Size,Turnover etc.;
Deepak Clean Tech Limited is a Companyincorporated under the Companies Act, 2013 on9th October,2020 as 100% subsidiary of DeepakNitrite Limited.
Authorised Share Capital: t 5,00,000/-(50,000 Equity Shares of T 10/- each)
Turnover: Not Aoolicabteb) Whether the Acquisition
would fatt within relatedparty transaction(s) andwhether thepromoter/promotergroup/group companieshave any interest in theentity being acquired? lfyes, nature of interest anddetails thereof and whetherthe same is done at Arm'sLength?
No, the incorporation of the whotty ownedsubsidiary Company shatl not fattwithin relatedparty transaction(s)"
Deepak Nitrite Limited has subscribed to theMemorandum & Artictes of Association to theextent of 100% of Share Capitat of DeepakClean Tech Limited, which has beenincorporated under the Companies Act, 2013 on9th October,2020"
By virtue of the same subscription, DeepakCtean Tech Limited became a wholty ownedsubsidiary of Deepak Nitrite Limited on 9thOctober,2020.
c) lndustry to which the entitybeine acouired betonss:
Chemical lndustry
d) objects and effects ofacquisition (inctuding butnot limited to, disctosure ofreasons for acquisition oftarget entity, if its businessis outside the main line ofbusiness of the listedentity);
Company shatl carry out business in the fietd ofman ufactu re of chem ical i ntermediate products
K NITRITE LIMITED
110GJ1970 P1C001735
"ed & Corporate Office:
-1, Chhani Road,Vadodara-390 024. Gujarat, India.
265276520013960200 | Fax:+912652165344' Relations Contact: investor@ godeepak.com
deeoak.com
U.DEEPAK NITF
CIN: L24110GJ1
Registered & Cr
Aaditya - I, Chh;
Tet: +91 265 276
lnvestor Relatic
www.godeepa!
rPlII
RISPONSIBLE CART
_)GAe)ll
SIBLE CARI@ Gil)r:
liNo'l\i
Dglgiis of Events thatneed to be provided
Information of such event(sT
-e) Brief Detaits of anyGovernmental orRegulatory Approvalsrequired for the Acouisition
Not Appticabte
f) Indieative Time Period forComptetion of theAequisition
Not Appticabte
g) Consideration-Cash
Shareof the
Nature ofWhetherConsideration orSwap and Detailssame
100% subscription to the Share Capitat in Cash.
h) Cost of Acquisition or theprice at which the sharesare acquired
t 5,00,000/- (50,000 Equity Shares of T10/-each)
i) Percentage ofSharehotding/ControIAcquired and/or number ofshares acquired
100%
i) Brief background about theentity acquired in terms ofproducts/[ine of businessacquired, date ofincorporation, history oflast 3 years turnover,country in which theacquired entity haspresence and any othersignificant information (inbrief);
Deepak Ctean Tech Limited is a Pubtic LimitedCompany incorporated under the CompaniesAct,2013
Products: Manufacture of chemicalintermediate products
Date of Incorporation: 9th October, 2020 and isyet to commence its business operations.
Country: India
Historv of Last 3 vears turnover: Not Apoticabte
DEEPAK NITRITE TIMITED
CIN: 124110GJ1970P1C001735
Registered & Corporate Office:
Aaditya - l, Chhani Road, Vadodara -390 024. Gujarat, I ndia.
Tel: +91 265 276 5200/396 0200 | Fax: +91" 265 216 5344Investor Retations Contact: investor@ godeepak.com
www.godeepak.com