Deep Industries Limited — Board/Management Information 2025

Aug 4, 2025

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August 04, 2025

To, Corporate Relations Department BSE Limited 2[nd] Floor, P.J. Towers, Dalal Street, Mumbai – 400 001 SCRIP CODE: 543288

To, Corporate Relations Department National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051. SYMBOL: DEEPINDS

• Sub: 1. Outcome of the Board meeting held today i.e. Monday, August 04, 2025

2. Un-Audited Financial Results (Standalone & Consolidated) of the Company for the quarter ended on June 30, 2025.

Ref: Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI (LODR) Regulation).

Dear Sir/ Ma’am,

With reference to subject matters, we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Monday, August 04, 2025 has approved the following businesses;

1. Approval of Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter ended on June 30, 2025 and took note of Limited Review Report issued by the Statutory Auditors, M/s Mahendra N. Shah & Co.

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

• a. Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter ended on June 30, 2024 along with the Limited Review Report issued by M/s Mahendra N. Shah & Co.

2. Re-appointment of Mr. Paras Shantilal Savla (DIN: 00145639) as the Chairman & Managing Director of the Company for the period of 5 (five) consecutive years.

The Board of Directors have, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Paras Shantilal Savla (DIN: 00145639) as the Chairman & Managing Director for the period of 5 years with effect from September 01, 2025, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

Mr. Paras Shantilal Savla (DIN: 00145639) is not disqualified from being appointed as the Chairman & Managing Director in terms of Section 164 of the Companies Act 2013 and have given his consent to act as Chairman & Managing Director of the Company.

Further, as required under circular no. LIST/COMP/14/2018-19 dated June 20, 2018, issued by BSE Limited and Circular no. NSE/CML/2018/02 dated June 20, 2018 issued by National Stock Exchange of India Limited, he is not debarred from holding the office of a director by virtue of any SEBI order or any other Authority.

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Further, the information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are as follows:

Sr.No	Disclosure Requirement	Details
1.	Reason for Change viz. re-appointment,	Re-Appointment
2.	Date of re-appointment Term of re-appointment	September 01, 2025 Mr. Paras Shantilal Savla has been re-appointed as the Chairman & Managing Director of the Company for the period of 5 years with effect from September 01, 2025 to August 31, 2030 (both days inclusive), subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.
3.	Brief Profile	Mr. Paras Shantilal Savla is having more than 33 years of experience in the energy sector. He is graduated in Commerce from Gujarat University. Under his direction and stewardship the organization has expanded multifold. The association of Mr. Paras Shantilal Savla is in immense benefit of the Company.
4.	Disclosure of relationships between directors	Not Applicable
5.	Information as required pursuant to BSE Circular with ref. no. LIST/ COMP/14/ 2018-19 dated 20th June 2018 and National Stock Exchange of India Limited Circular no. NSE/CML/2018/02 dated June 20, 2018	Mr. Paras Shantilal Savla (DIN: 00145639) is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

3. Re-appointment of Mr. Rupesh Kantilal Savla, (DIN: 00126303) as the Managing Director of the Company for the period of 5 (five) consecutive years.

The Board of Directors have, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Rupesh Kantilal Savla, (DIN: 00126303) as the Managing Director for the period of 5 years with effect from September 01, 2025, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

Mr. Rupesh Kantilal Savla, (DIN: 00126303)is not disqualified from being appointed as the Managing Director in terms of Section 164 of the Companies Act 2013 and have given his consent to act as the Managing Director of the Company.

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Further, as required under circular no. LIST/COMP/14/2018-19 dated June 20, 2018, issued by BSE Limited and Circular no. NSE/CML/2018/02 dated June 20, 2018 issued by National Stock Exchange of India Limited, he is not debarred from holding the office of a director by virtue of any SEBI order or any other Authority.

Further, the information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are as follows:

SN	Disclosure Requirement	Details
1.	Reason for Change viz. re-appointment	Re-Appointment
2.	Date of re-appointment Term of re-appointment	September 01, 2025 Mr. Rupesh Kantilal Savla has been re-appointed as the Managing Director of the Company for a period of 5 years with effect from September 01, 2025 to August 31, 2030 (both days inclusive), subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.
3.	Brief Profile	Mr. Rupesh Kantilal Savla has more than 28 years of experience in the energy sector, he has steered the organization towards extensive operational expansion. He completed his Masters in Business Administration from Bentley College, USA, and holds a degree in Commerce from Gujarat University.
4.	Disclosure of relationships between directors	Not Applicable
5.	Information as required pursuant to BSE Circular with ref. no. LIST/ COMP/14/ 2018-19 dated 20th June 2018 and National Stock Exchange of India Limited Circular no. NSE/CML/2018/02 dated June 20, 2018	Mr. Rupesh Kantilal Savla(DIN: 00126303) is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

4. Re-appointment of Mr. Rohan Vasantkumar Shah (DIN: 09154526) as the Whole-time Director of the Company for the period of 5 (five) consecutive years.

The Board of Directors have, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Rohan Vasantkumar Shah (DIN: 09154526) as the Whole-time Director for the period of 5 years with effect from June 24, 2026, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

Mr. Rohan Vasantkumar Shah (DIN: 09154526) is not disqualified from being appointed as the Whole-time Director in terms of Section 164 of the Companies Act 2013 and have given his consent to act as Whole-time Director of the

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Company.

Further, as required under circular no. LIST/COMP/14/2018-19 dated June 20, 2018, issued by BSE Limited and Circular no. NSE/CML/2018/02 dated June 20, 2018 issued by National Stock Exchange of India Limited, he is not debarred from holding the office of a director by virtue of any SEBI order or any other Authority.

Further, the information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are as follows:

SN	Disclosure Requirement	Details
1.	Reason for Change viz. re-appointment	Re-Appointment
2.	Date of re-appointment Term of re-appointment	June 24, 2026 Mr. Rohan Vasantkumar Shah has been re-appointed as the Whole- time Director of the Company for a period of 5 years with effect from June 24, 2026 to June 23, 2031 (both days inclusive), subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.
3.	Brief Profile	Mr. Rohan Vasantkumar Shah is a Chartered Accountant with over 19 years of expertise in Finance, Accounts, Audit, and Statutory Compliances, he has dedicated more than 15 years to Deep, assuming several high-ranking financial roles, including Chief Financial Officer. In 2019, he was honored with the "Financial Express CFO of the year award" in the category of Small Enterprises - Services Industry.
4.	Disclosure of relationships between directors	Not Applicable
5.	Information as required pursuant to BSE Circular with ref. no. LIST/ COMP/14/ 2018-19 dated 20th June 2018 and National Stock Exchange of India Limited Circular no. NSE/CML/2018/02 dated June 20, 2018	Mr. Rohan Vasantkumar Shah(DIN: 09154526) is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

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5. Re-appointment of Dr. Kirit Nanubhai Shelat (DIN: 00190619) as an Independent Director for the second term of 5 (five) consecutive years.

The Board of Directors have, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Dr. Kirit Nanubhai Shelat (DIN: 00190619) as an Independent Director for the second term of 5 years with effect from November 10, 2025, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

Dr. Kirit Nanubhai Shelat (DIN: 00190619) is not disqualified from being appointed as an Independent Director in terms of Section 164 of the Companies Act 2013 and have given his consent to act as an Independent Director of the Company.

Further, as required under circular no. LIST/COMP/14/2018-19 dated June 20, 2018, issued by BSE Limited and Circular no. NSE/CML/2018/02 dated June 20, 2018 issued by National Stock Exchange of India Limited, he is not debarred from holding the office of a director by virtue of any SEBI order or any other Authority.

Further, the information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are as follows:

SN	Disclosure Requirement	Details
1.	Reason for Change viz. re-appointment	Re-Appointment
2.	Date of re-appointment Term of re-appointment	November 10, 2025 Mr. Kirit Nanubhai Shelat has been re-appointed as the Director (Executive) of the Company for a period of 5 years with effect from November 10, 2025, 2025 to November 09, 2030 (both days inclusive), subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.
3.	Brief Profile	Mr. Kirit Nanubhai Shelat is an IAS retired and holds a bachelor’s degree in arts (special) from the University of Gujarat and a Ph.D degree. He has previously worked as the Commissioner of Rural Development, Industries Commissioner, Commissioner for Employment and Training and Commissioner for Disabled Persons. He was also the chairman of certain public undertakings including Gujarat Agro Industries Corporation and Land Development Corporation. He has over 40 years of experience in public administration.
4.	Disclosure of relationships between directors	Not Applicable

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	5.	Information as required pursuant to BSE Circular with ref. no. LIST/ COMP/14/ 2018-19 dated 20th June 2018 and National Stock Exchange of India Limited Circular no. NSE/CML/2018/02 dated June 20, 2018	Mr. Kirit Nanubhai Shelat (DIN: 00190619) is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

6. Re-appointment Mrs. Shaily Dedhia (DIN: 08853685) as an Independent Director for the second term of 5 (five) consecutive years.

The Board of Directors have, based on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mrs. Shaily Dedhia (DIN: 08853685) as an Independent Director for the second term of 5 years with effect from June 24, 2026, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

Mrs. Shaily Dedhia (DIN: 08853685) is not disqualified from being appointed as an Independent Director in terms of Section 164 of the Companies Act 2013 and have given her consent to act as an Independent Director of the Company.

Further, as required under circular no. LIST/COMP/14/2018-19 dated June 20, 2018, issued by BSE Limited and Circular no. NSE/CML/2018/02 dated June 20, 2018 issued by National Stock Exchange of India Limited, she is not debarred from holding the office of a director by virtue of any SEBI order or any other Authority.

Further, the information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November, 2024 are as follows:

SN	Disclosure Requirement	Details
1.	Reason for Change viz. Re-appointment	Re-Appointment
2.	Date of re-appointment Term of re-appointment	June 24, 2026 Mrs. Shaily Dedhia has been re-appointed an Independent Director of the Company for the second term of 5 years with effect from June 24, 2026 to June 23, 2031 (both days inclusive), subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

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3.	Brief Profile	Mrs. Shaily Dedhia is qualified Company Secretary. She holds Bachelor degree in Commerce & Law from Mumbai University. She also holds Master degree in commerce with management from Mumbai University. Her profile includes vast experience of more than 11 years in legal, secretarial and other ancillary matters. Throughout her career she shares a passionate professional background of Companies like MMRDA (Mumbai Metropolitan Region Development Authority) for Mumbai Metro Rail Project & Sheth Creators Group of Companies.
4.	Disclosure of relationships between directors	Not Applicable
5.	Information as required pursuant to BSE Circular with ref. no. LIST/ COMP/14/ 2018-19 dated 20th June 2018 and National Stock Exchange of India Limited Circular no. NSE/CML/2018/02 dated June 20, 2018	Mrs. Shaily Dedhia (DIN:08853685) is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

7. Appointment of M/s RPAP & Co., Practicing Company Secretary as the Secretarial Auditors of the Company for the Term of (5) Five Years.

The information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are as follows:

SN	Disclosure Requirement	Details
1.	Reason for Change viz. appointment	Appointment
2.	Date of appointment Term of appointment	April 1, 2025 M/s. RPAP & Co, Practicing Company Secretaries, Ahmedabad, a peer reviewed firm has been appointed as the Secretarial Auditors of the Company for a period of 5 years to hold office from April 1, 2025 till March 31, 2030, subject to approval of the Shareholders of the Company.

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3.	Brief Profile	M/s RPAP &Co, PCS was established in 2021. CS Rajesh Parekh, Senior Partner of the firm is the member of ICSI since 1990. He is having extensive Professional experience of 35 years working with Corporates and as PCS. CS Aishwarya Parekh, Partner of the firm is the member of ICSI since 2019. She is having Professional experience of 6 Years. The firm is providing various services such as conducting Secretarial Audits, furnishing Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, Certificates regarding compliance of conditions of Corporate Governance, providing Certificates to stock exchanges required under (Listing Obligations And Disclosure Requirements) Regulations, 2015, acting as Scrutinizers at Annual General Meeting & Extra Ordinary General Meeting and voting by Postal Ballots, providing advisory services for Preferential Issue, Right Issue, Corporate Restructuring, appearing before ROC and Regional Director for matter relating to Compounding and Adjudication of violations under Companies Act,2013, certification of e-forms and other secretarial compliances under the Companies Act, 2013. Firm Registration No. of the firm is P2019GJ078500 and the Peer Review Certificate No. 4025/2023 issued by the Peer Review Board of the Institute of Company Secretaries of India
4.	Disclosure of relationships between directors	Not Applicable

8. The Board has approved substantial acquisition of ownership in Deep Natural Resources Limited, post such acquisition Deep Natural Resources Limited shall be the subsidiary of the Company.

The information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 shall be provided once the shares of Deep Natural Resources Limited are acquired by the Company.

9. Alteration of the main object i.e Clause III of the Memorandum of Association of the Company.

The information required under the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is as follows:

The Company targets to merge and integrate manufacturing business of chemicals and hydrocarbons fluids, this will enable the Company to source the chemicals and hydrocarbons fluids in-house. To facilitate it, alteration of Memorandum of Association by substituting the Clause III (Main Object Clause) of the Memorandum of Association (“the MOA”) of the Company by addition, deletion and rearranging of the Main object clause is approved by the

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Board, subject to the approval of the shareholders of the Company.

10. Intimation of Record Date for Declaration of Final Dividend.

In continuation to the earlier filed intimation regarding declaration of the Final Dividend for the Financial Year 2024-25, it is informed that the Company has fixed, Friday, August 22, 2025 as the Record Date for the said purpose. The dividend, if declared by the shareholders at the ensuing Annual General Meeting, shall be payable to those Equity Shareholders whose name appears on the Register of Members of the Company or on records of National Securities Depositories Limited or Central Depositories Services (India) Limited as beneficial owners of the shares as on the said Record Date. The said Dividend if approved by the shareholders at the ensuing Annual General Meeting shall be paid within stipulated timelines as prescribed under law.

The meeting of Board of Directors commenced at 11:30 a.m. and concluded at 01:45 p.m.

You are requested to take the same on your records.

Thanking you,

For, Deep Industries Limited

Digitally signed by SHILPA SHARMA DN: cn=SHILPA SHARMA c=IN SHILPA o=Personal Reason: I am the author of this document SHARMA Location: Date: 2025-08-04 14:11+05:30

Shilpa Sharma Company Secretary & Compliance Officer M. No.: A34516

Encl: as above

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