Deep Industries Limited — Capital/Financing Update 2024

Dec 28, 2024

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December 28, 2024

To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd. 2[nd] Floor, P.J. Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051. SCRIP CODE: 543288 SYMBOL: DEEPINDS

Sub: Outcome of the Board meeting held today i.e. December 28, 2024

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

Dear Sir/ Madam,

With reference to subject matter, we hereby inform you that Board of Directors of the Company at its meeting held today i.e. on Saturday, December 28, 2024 inter-alia transacted following businesses;

1. Approved the increase in the Authorized Share Capital of the Company from Rs. 32,06,60,000/- (Thirty Two Crores Six Lakhs Sixty Thousand Only) divided into 6,41,32,000 (Six Crores Forty One Lakhs Thirty-Two Thousand) Equity Shares of Rs. 5/- (Rupees Five Only) each to Rs. 35,25,00,000/- (Rupees Thirty-Five Crores and Twenty Five Lakhs Only) divided into 7,05,00,000 (Seven Crores and Five Lakhs) Equity Shares of Rs. 5/(Rupees Five Only) each and thereby consequent alteration to the existing Clause V of the Memorandum of Association of the Company, subject to such regulatory/statutory approvals as may be required and the approval of shareholders of the Company .

2. Raising of funds by way of issuance of equity shares of the Company having face value of Rs. 5/- each, for an aggregate amount not exceeding ₹ 350 Crores (Rupees Three Hundred and Fifty Crores only) (inclusive of such discount or premium to market price or prices permitted under applicable law) by way of qualified institutions placement (‘QIP’) in one or more tranches, subject to such regulatory/statutory approvals as may be required and the approval of shareholders of the Company.

Additional Details as required under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosures Requirements), Regulations, 2015 read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 are also enclosed as Annexure A.

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Annexure-A

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Approved the increase in the Authorized Share Capital

Sr. No.	Particulars	Details
1.	Amendments to memorandum of association, in brief	In order to facilitate issue of equity shares and for further requirements, if any and subject to the approval of the Shareholders of the Company, it is proposed to substitute the existing Clause V of the Memorandum of Association with the following new Clause V. “V. The Authorized Share Capital of the Company is Rs. 35,25,00,000/- (Rupees Thirty-Five Crores and Twenty Five Lakhs Only) divided into 7,05,00,000 (Seven Crores and Five Lakhs) Equity Shares of Rs. 5/- (Rupees Five Only) each.”
2.	Amendments to article of association, in brief	Not Applicable

Raising of funds by way of issuance of equity shares of the Company Business:

Sr. No.	Particulars	Details
1.	Type of securities proposed to be issued (viz., equity shares, convertibles, etc.	Equity Shares, in accordance with applicable law, in one or more tranches.
2.	Type of issuance (further public offering, rights issue, depository receipts (ADR / GDR), qualified institutions placement, preferential allotment etc.)	Qualified institutional placements (“QIP”) in accordance with the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Section 42 and other applicable provisions of the Companies Act, 2013, the Companies (Prospectus and Allotment of Securities) Rules, 2014 and other applicable laws, or through any other permissible mode and/or combination thereof as may be considered appropriate under applicable law.
3.	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Upto an aggregate amount not exceeding ₹ 350 Crores inclusive of such discount or premium to market price or prices permitted under applicable law.

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4.	In case of preferential issue the listed entity shall disclose the following additional details to the stockexchange(s)	Not Applicable
5.	In case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s)
6.	In case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose following additional details to the stock exchange(s)
7.	In case of issuance of debt securities or other non- convertible securities the listed entity shall disclose following additional details to the stock exchange(s)
8.	Any cancellation or termination of proposal for issuance of securities including reasons thereof

The meeting of Board of Directors commenced at 11:00 am and concluded at 01:50 pm.

You are requested to take the same on your records.

Thanking you,

For, Deep Industries Limited

SHILPA Digitally signed by SHILPA SHARMA SHARMA Date: 2024.12.28 14:06:56 +05'30' Shilpa Sharma Company Secretary & Compliance Officer M. No.: A34516

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