Deepak Fertilisers & Petrochemicals to Hold Board Meeting on May 28, 2026 for Q4FY26 Results and Dividend Consideration

Deepak Fertilisers & Petrochemicals has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 12, 2026, was addressed to both BSE Limited and the National Stock Exchange of India Ltd.

Board Meeting Details

The Board meeting is set to convene on Thursday, May 28, 2026. The key agenda items to be considered at the meeting are outlined below:

Parameter: Details Meeting Date: Thursday, May 28, 2026 Financial Results: Audited Standalone and Consolidated Financial Results Period Under Review: Quarter and financial year ended March 31, 2026 Additional Agenda: Consideration and recommendation of dividend on equity shares, if any, for FY2025-26 Regulatory Basis: Regulation 29 of SEBI (LODR) Regulations, 2015

Trading Window Closure

In accordance with the company's Code of Conduct to regulate, monitor, and report trading by insiders, as well as the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window Closure has been in effect. Key details of the closure are as follows:

Commencement: April 1, 2026

Closure End: 48 hours after the Audited Financial Results for the quarter and financial year ended March 31, 2026 are made public on May 28, 2026

Regulatory Compliance

The intimation was signed by Rabindra Purohit, VP – Legal, Compliance & Company Secretary (Membership No.: FCS4680), on behalf of Deepak Fertilisers And Petrochemicals Corporation Limited. The company has requested both exchanges to take the information on record and disseminate it on their respective websites, in line with applicable listing regulations.

Deepak Fertilisers & Petrochemicals and Petrochemicals Corporation Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has received a penalty order from the Deputy Commissioner of State Tax, Nodal-3, Pune. The order was collected by the company in person on 11th May 2026 at 11:30 am, and the disclosure was made to the stock exchanges on 12th May 2026.

Details of the Tax Demand Order

The order, bearing reference no. PUN-NOD-E-307/27040000023V/VAT 2026-27/B-242 and dated 31st March 2026, raises a total MVAT demand of Rs. 74,89,20,261/-. The demand is broken down into three components as detailed below:

Particulars: Amount (Rs.) Tax: 31,04,33,269/- Interest: 36,08,78,675/- Penalty: 7,76,08,317/- Total Demand: 74,89,20,261/-

Nature of the Dispute

The company has stated that there is no violation or contravention on its part. According to the disclosure, the tax department erred in levying an MVAT rate of 13.5% on the sale of Natural Gas to the subsidiary company, instead of the applicable rate of 3% under MVAT. The company has clarified that the rate of 3% was applicable for the purchase of natural gas for captive consumption against Proforma A, which was procured and submitted for this transaction by the subsidiary company.

Company's Position and Next Steps

Deepak Fertilisers and Petrochemicals Corporation Limited has asserted that the aforesaid demand is not tenable and is liable to be set aside in appeal. The company has stated it intends to challenge the order at an appropriate forum. The key details of the order and the company's stated position are summarised below:

Issuing Authority: Deputy Commissioner of State Tax, Nodal-3, Pune

Order Date: 31st March 2026

Date of Receipt: 11th May 2026

Nature of Dispute: Incorrect MVAT rate applied on sale of Natural Gas to subsidiary

Company's Stance: Demand not tenable; to be challenged in appeal

Financial Impact: No material impact on financials, operations, or other activities of the company

The company has confirmed that there is no material impact on its financials, operations, or other activities as a result of this order. The disclosure was signed by Rabindra Purohit, VP – Legal, Compliance & Company Secretary, on 12th May 2026.

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