Deep Industries Limited — Board/Management Information 2021

Jun 24, 2021

Oil & Gas Field Services

June 24, 2021

To, Corporate Relations Department BombayStock ExchangeLimited 2nd Floor, P.J.Towers, Dalal Street, Mumbai - 400 001 SCRIPCODE:543288

To, Corporate Relations Department National StockExchangeof India Ltd. Exchange Plaza.Plot No.*en.*G-Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. SYMBOL:DEEPINDS

Dear SirI Madam,

• Sub: 1. Outcome ofthe Board meeting held on today i.e.June 24, 2021. ".
  • 1. Audited FinancialResults (Standalone & Consolidated) ofthe Companyfor the quarter and year ended March 31, 2021.
• Ref: Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (,SEBI(LODR)Regulation).

With reference to subject matters, we herby inform you that Board of Directors of the Company at its meeting held on today i.e. June 24, 2021 inter-alia transacted following·businesses;

• 1. Approval of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended on March 31, 2021.
• 1. Appotntment of Mis. Manubhai & Shah LLP (Firm Registration No.106041WIWI00136) as Internal Auditor ofthe Companyfor the financial year 2021-22.
• 1. Re-appointed Mis. Shilpi Thapar & Associates, Practicing Company Secretaries as Secretarial Auditors ofthe Companyfor the financial year 2021-22. .
• 1. Changein Director(s) and KeyManagerial Personnel

Disclosure required pursuant to Regulation 30 of the SEBI (LODR)Regulations read with Para A of Part A of Schedule III to the said Regulations as also as per SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015, with regard to Change in Director(s) and Key Managerial Personnel are given herein under:-

A. Appointment ofMr.Rohan Shah,ChiefFinancial Officer(CFO)'ofthe Company(DIN:09154526) as an Additional WholeTime Director - Finance w.e.f.June24,2021 for the period of 5 years. . .

The Board of Directors of the Company appointed Mr. Rohan Shah, CFO as an Additional Whole Time Director - Finance w.e.f June 24, 2021 for the period of 5 years. Based on the declaration received from him and in compliance with circular dated June 20, 2018 of BSE Ltd and National Stock Exchange of India Limited, the Board has noted that he is not debarred from holding the office of Director pursuant to any SEBI order or any other such authority.

DEEPINDUSTRIESLIMITED (Formerly Known as Deep CH4 Limjite!liq:--",,\I''l Regd.OH.:12A & 14 Abhishree Corporate Park, Ambli Bopal Road, Ambli, Ahrrlecfgrj':38C Tel: +91 2717 298510 M: +91 98256 00533 Fax: +91 2717 ?OIlI:lIUH\ Email: info@deepindustries.com Website: CIN: 1.14292GJ2006PLC049371

SN	DisclosureRequirement	Details
1.	ReasonforChangeviz.Appointment,	Mr. Rohan Shah appointedas an Additional Whole Time
	Resignation, Removal, Death or Otherwise	Director - Finance w.eJ. June 24, 2021.
2.	&Date of Appointment	June 24, 2021
	Term of Appointment	He shall hold office upto the date of the ensuing AnnualGeneral Meeting of the Company and his appointmentisrecommendedfor Shareholders'approval.
3.	Brief Profile (in case of Appointment)	Mr. RohanShah is a professionallyqualifiedCharteredAccountantfrom theInstituteof CharteredAccountantsof Indiaandis havingabout15yearsof professionalexperiencein thefield of Finance, Accounts, Audit andStatutoryCompliances. He has been with Deep for morethan 11 years, holding various senior positions in Financeincluding Chief Financial Officer. Prior to joining Deep, hewas workingwithICICIBank Limited. He was accordedwith the "Financial Express CFOof the Year Award 2019(Small Enterprises- Service Industry)".
4.	Disclosurerelationshipsbetweenofdirectors	Mr. RohanShahis notrelatedtoanyDirectorof theCompany.

B. Appointment of Mrs. Shaily Dedhia (DIN: 08853685) as an Additional Director (Non Executive Independent) w.e.f. June 24, 2021 for the period of 5 years.

The Board of Directors of the Company appointed Mrs. Shaily Dedhia (DIN: 08853685) an Additional Director (Non Executive Independent) w.eJ. June 24, 2021 for the period of 5 years. Based on the declaration received from her and in compliance with circular dated June 20, 2018 of BSE Ltd and National Stock Exchange of India Limited, the Board has noted that she is not debarred from holding the office of Director pursuant to any SEBIorder or any other such authority.

SN	DisclosureRequirement	Details
1.	ReasonforChangeviz.Appointment,	. Mrs. Shaily Dedhia appointedas an AdditionalDirector
	Resignation, Removal, Death or Otherwise	(Non Executive Independentlw.eJ. lune 24, 2021.
2.	&Date of Appointment	June 24, 2021
	Term of Appointment	She shall hold office upto the date of the ensuing AnnualGeneral Meeting of the Company and her appointmentisrecommendedfor Shareholders'approval.
3.I	Brief Profile (in case of Appointment)	Mrs. Shaily Dedhia is qualifiedCompany Secretary.Sheholds Bachelor degree in Commerce &Law from MumbaiUniversity.She also holdsMasterdegreein commercewithmanagementfrom Mumbai University.Her profileincludes vastexperienceof more than11 yearsin legal,secretarialandotherancillarymatters.Throughouthercareershe sharesa passionateprofessionalbackgroundof Companies like MMRDA(Mumbai MetropolitanRegionDevelopment Authority) for Mumbai Metro Rail Project &Sheth CreatorsGroup of Companies.
4.	relationshipsDisclosureofbetween	Mrs. Shaily Dedhia is not relatedto any Directorof the._
	directors	Company.

C. Resignation of Mr. Dharen Savla (DIN: 00145587) as Whole Time Director ofthe Company.

SN	DisclosureRequirement	Details
1.	ReasonforChangeviz.Appointment,Resignation, Removal, Death or Otherwise	otherResignationduetopersonalreasonsandcommitments.
		Mr. DharenSavla hasresignedas WholeTime Directorw.e.f. closing of businesshours of June 24, 2021 from theBoard of theCompany. He has confirmedthatthereareno othermaterialreasonsfor his resignationotherthanthose disclosed.
2.	Date of Cessation	Resigned as Whole Time Director w.e.f.Iune24, 2021.

Pursuant to Regulation 30 and 33 of the SEBI (LODR)Regulations, we enclose herewith the following:

• 1. Audited Financial Results (Standalone and Consolidated) ofthe Company for the quarter and year ended March 31, 2021 along with the Auditors' Report by Mis Dhirubhai Shah & Co LLP,Statutory Auditors of the Company.
• 1. Statement of Assets and Liabilities and Statement of Cash Flows for the year ended on March 31,2021.
• 1. Declaration in respect of Unmodified Opinion on the aforesaid Audited Financial Result.

The meeting of Board of Directors commenced at 12.30 p.m. and concluded at 2.00 p.m.

You are requested to take the same on your records.

Thanking you, Yours faithfully,

For, Deep Industries Limited (Formerly known as Deep CH4 Limited)

Roshni Shah Company Secretary & Compliance Officer

Encl: as above