Deepak Nitrite Limited — Capital/Financing Update 2021

Dec 22, 2021

DNL/138/BSE/738/2021 December 22,2021

Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Datal Street MUMBAT - 400 001

Dear Sir,

Scrip Code:5O6401 Sub: Outcome of the Board Meeting held on December 22,2021

This has reference to our eartier letter dated December 14,2021, wherein we had informed that pursuant to Regutation 29 of SEBI (Listing Obtigations and Disctosure Requirements) Regutations,'2015 ('SEBI Listing Regutations'), a meeting of the Board of Directors of the Company is scheduted to be hetd on Wednesday, December 22, 2021, inter alia, to discuss and consider the proposal for raising of funds.

ln this connection and pursuant to Regulation 30 of SEBI Listing Regutations, we wish to infor:m you that the Board of Directors at its meeting hetd today i.e. Wednesday, December 22,2021, has inter alia, approved the foltowing:

• ¹) Raising of funds through issuance of equity shares of the Company ("Equity Shares") or any other Equity tinked Securities of the Company or other securities convertible into or exchangeabte for Equity Shares by way of Quatified Institutions Ptacement in accordance with the provisions of Chapter Vl of Securities and Exchange Board of India (lssue of Capital and Disctosure Requirements) Regutations,2018 as amended from time to time and other appticabte [aws, in one or more of the tranches for an aggregate amount upto t 2,000 Crores (Rupees Two Thousand Crores), subject to approval of members of the Company and subject to such other permissions, sanctions and statutory approvats, as may be required; and
• 2) To seek approval of Sharehotders of the Company for the aforesaid purpose through Postat Battot.

The Board Meeting commenced at 10:30 A.M. and conctuded at 1: 50 P.M.

You are requested to kindty take the same on your record.

Thanking you,

Yours faithfutty,

LIMITED

DEEPAK NITRITE LIMITED Cl N : 124110GJ1970P1C001735 Registered & Corporate Office: Aaditya-1, Chhani Road, Vadodara-390 024. Gujarat, India. Tel:+912652765200/3960200 | Fax:+912652765344 Investor Relations Contact: investor@ godeepak.com www.godeepak.com