Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has informed stock exchanges that its wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), has entered into an agreement to acquire 100% equity stake in an explosives manufacturing company.
The acquisition will be completed through a cash consideration, subject to fulfilment of certain conditions precedent and successful transaction closure. Due to confidentiality obligations, the name of the target company, transaction value and other financial details will be disclosed after completion of the deal.
Strategic Rationale
According to the company, the proposed acquisition will:
- Strengthen exports of value-added mining products and services
- Leverage upcoming Technical Ammonium Nitrate (TAN) capacities at DMSL’s Gopalpur TAN plant
- Support exports of differentiated explosives products to DMSL’s 100% owned mining services subsidiary in Australia
Key Details of the Acquisition
- Acquirer: Deepak Mining Solutions Limited (Wholly owned subsidiary of DFPCL)
- Target industry: Explosives manufacturing
- Stake acquired: 100% equity ownership
- Mode of payment: Cash
- Related party transaction: No
- Regulatory approvals: Not required
- Indicative completion timeline: On or before 15 April 2026
The company clarified that promoters or group entities have no interest in the target company and the transaction does not qualify as a related party transaction.
The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, with the event occurring at 4:05 PM on December 24, 2025, being the time of signing of the agreement.
Disclaimer: This news article is based on regulatory disclosures submitted by the company to stock exchanges. It is intended solely for informational purposes and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
