Deepak Nitrite Limited — Board/Management Information 2020

Mar 4, 2020

DNL /140lNSE/593/2020 March 4,2020

Listing Department National Stock Exchange of India Limited Exchange Ptaza, Bandra Kurla Complex, Bandra (E), MUMBAf - 400 051

Dear Sir,

Stock Svmbot: DEEPAKNTR

Sub: Outcome of the Board Meetine

This is to inform you that the Board of Directors at their Meeting hetd today i.e.4th March,2020 approved to invest not exceeding20% equity capital of Deepak Oman Industries FZC LLC ('DOIL'), a Limited Liabitity Company incorporated in Sultanate of Oman, amounting to an investment of approx. USD 7.71 mittion, in one or more tranches.

The detaits as required under Regulation 30 of Securities and Exchange Board of lndia (Listing Obtigations and Disctosure Requirements) Regutations, 2015 read with SEB|'s Circutar No. CIR/CFD/CMD4/2015 dated September 9,2015 is enctosed as Annexure-A.

The Meeting of Board of Directors commenced at 12:30 P.M. and conctuded at 5:30 P"M"

We request you to kindty take the above on record.

Thanking you,

Yours faithfutty ITE LIMITED ARVI C AI

Enct: As above

DEEPAK NITRITE LIMITED

Cl N: 124110GJ1970P1C001735 Registered & Corporate Office: Aaditya-1, Chhani Road, Vadodara-390 024. Gujarat, India. Tel: +91 265 276 5200/396 0200 | Fax: +91 2652765344 Investor Relations Contact: investor@ godeepak.com www.god eepa k.co m

Annexure - A

As required under Regulation 30 circu lar no. CIR/CFD I CMD I 41201 5 of the Listing Regulations, as amended, read with SEBI dated September 9,2O15 details are given below:-

	Name of the target entity, detaits in briefsuch as size, turnover etc.	Deepak Oman Industries FZCLLC ('DOIL'), acompany incorporated in Sultanate ofOman.The present paid up capital of DOIL is16,57,195 Equity Shares of Omani Riyat (RO)1 each.DOIL is yet to start its commercial activities.
	Whether the acquisition would fattwithinRelated Party Transaction(s) (RPT) andwhether the Promoter/ Promoter Group/Group Companies have any interest in theentity being acquired?lf yes, nature of interest and detaitsthereof and whether the same is done at	DOIL is a Related Party as per retevantprovisions of Indian Accounting Standards.The proposed investment in DOIL witt bemade at "arms length".
	"arms tength".
	Industry to which the entity being	Chemical Industry
	Objects and effects of acquisition(inctuding but not timited to, disclosureof reasons f or acquisition of targetentity, if its business is outside the mainline of business of the listed enti	Equity stake in an upcoming InorganicChemicals manufacturing company whichbenefits from low cost inputs of rawmateriats and energy and plans to serve the
	Brief detaits of any governmental orregutatory approvats required for the	No governmental or regulatory approvats isrequired for the said investment.
	Indicative time period for comptetion ofthe acquisition	The purported investment is in theGreenfield project and the investmentwoutd be done in two to three vears' time.
	Nature of consideration - whether cashconsideration or share swap and detaitsof the same	Cash by way of transfer of money bybanking channet.
DEEPAK NITRITE LIMITED
CIN: 124110GJ1970P1C001735Registered & Corporate Office:Aaditya-1, Chhani Road,Vadodara-390 024. Gujarat, India.Te[:+91265276520013960200 Fax:+912652765344Investor Relations Contact: investor@ godeepak.com

www.godeepa k.co m

Sr.No"
8.	Cost of acquisition or the price at whichthe shares are acquired	Such number of Equity Share of RO 1 each,at par, not exceeding 20% of total Equityshare capital of DOIL, amounting toinvestment of aoorox. USD 7.71 mittion.
9.	Percentage of sharehotding / controlacquired and / or number of sharesacquired	Not exceeding20/o of total equity capital ofDOIL.
10.	Brief background about
	The entity acquired in terms ofproducts/line of business acquired,	DOIL is setting up a project to manufactureChtor-Atkati and downstream productsincluding inorganic satts such asHypochlorites, Catcium Chtoride, SodiumNitrite, Sodium Nitrate etc. in Salatah FreeZone.
	Date of Incorporation	13th Aprit, 2014.
	History of last three (3) years Turnover	NA.
	Country in which the acquired entity haspresence and any other significantinformation (in brief)	Presently, DOIL is not carrying out anyactivities and is intending to set up aGreenfietd project in Satatah Free Zone,Suttanate of Oman.

DEEPAK NITRITE LIMITED

Cl N: 124110GJ1970P1C001735 Registered & Corporate Office: Aaditya - l, Chhani Road, Vadodara -390 024. Gujarat, I ndia. Tel: +91 265 276 5200/396 0200 | Fax: +91 265 276 5344 Investor Relations Contact: investor@ godeepak.com www.godeepak.com