back-office Open An Account
partner-with-us Partner with Us
Corporate Actions
Deepak Fertilisers novates LNG supply pact with Equinor to subsidiary DGPL

26-Mar-26   11:53 Hrs IST

The original agreement, signed on February 19, 2024, has been transferred to DGPL, which will now assume all rights and obligations as the buyer under the contract. Following the novation, the parent company will be released from direct contractual obligations, while extending corporate guarantee support subject to agreed conditions.

The agreement entails an annual LNG supply of up to 0.65 million tonnes over a period of 15 years, commencing from 2026.

DGPL is a wholly owned subsidiary of the company, with 100% shareholding held by Deepak Fertilisers. The company clarified that the transaction does not fall under related party transactions.

The company further stated that there are no additional disclosures related to the agreement, including nominee representation on the board, potential conflict of interest, or similar governance concerns.

It also noted that there are currently no amendments or termination-related disclosures applicable to the agreement.

The move is aimed at streamlining operations and aligning global sourcing agreements under its international subsidiary structure.

Deepak Fertilizers & Petrochem. Corp is primarily engaged in the business of manufacture, trading and sale of bulk chemicals. The Company also has operations in value added real estate.

The company's consolidated net profit declined 43.6% to Rs 141.49 crore despite 9.7% rise in revenue from operation to Rs 2,830.07 crore in Q3 FY26 over Q3 FY25.

Shares of Deepak Fertilisers & Petrochemicals Corporation zoomed 8.48% to settle at Rs 998.50 on the BSE. The stock market remained closed today on account of Shir Ram Navami.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.