NSEAcquisition4d ago · 5 Nov 2026, 05:41 pm
Acquisition
Deepak Fertilizers and Petrochemicals Corporation Limited · DEEPAKFERT
✦ AI SummaryJoint Venture
Deepak Fertilizers and Petrochemicals Corporation Limited has informed the Exchange about the incorporation of a wholly owned subsidiary company limited by guarantee under Section 8 of the Companies Act, 2013, viz Prayas Institute for Future Readiness. The subsidiary will undertake charitable and not-for-profit activities in the fields of education, vocational training, skill development, research, innovation, employability enhancement, and future readiness programmes.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about incorporation of a wholly owned subsidiary company limited by guarantee under Section 8 of the Companies Act, 2013 viz Prayas Institute for Future Readiness
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DEEPAKFERT2_05112026174040_IntimationPrayas.pdf
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5th November 2026
The Secretary Listing Department
BSE Limited National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort, Bandra - Kurla Complex, Bandra (E)
Mumbai – 400 001 Mumbai – 400 051
BSE Code: 500645 NSE Code: DEEPAKFERT
Dear Sir/ Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 with respect to incorporation of a wholly owned
subsidiary company limited by guarantee under Section 8 of the Companies Act, 2013
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015, we hereby inform you that Deepak Fertilisers and
Petrochemicals Corporation Limited (“DFPCL” or “the Company”) has incorporated a wholly
owned subsidiary company limited by guarantee under section 8 of the Companies Act, 2013 viz
“Prayas Institute for Future Readiness” on 4th November 2026.
The details, as required pursuant to Para A of Part A of Schedule III read with SEBI circular
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, are given below:
Sr. No. Particulars Details
1. Name of the target entity, details in Prayas Institute for Future Readiness (“Prayas”)
brief such as size, turnover etc. has been incorporated on 4th November 2026 as a
wholly owned subsidiary company limited by
guarantee, under section 8 of the Companies Act,
2013 for undertaking charitable and not-for-
profit activities in the fields of education,
vocational training, skill development, research,
innovation, employability enhancement and
future readiness programmes.
Date of Incorporation: 4th November 2026
Authorized Share Capital: Not Applicable as
company is limited by guarantee and not having
share capital.
Turnover, size: Not Applicable as Prayas has
been incorporated on 4th November 2026 and is
yet to commence its business.
2. Whether the acquisition would fall Prayas being a wholly owned subsidiary of the
within related party transaction (s) Company, is a related party of the Company.
and whether the promoter/ promoter
group/ group companies have any The promoters/promoter group does not have any
interest in the entity being acquired? interest other than as mentioned above.
If yes, nature of interest and details
thereof and whether the same is done
at “arms’ length”.
3. The industry to which the entity being Education, Skill Development, Research and
acquired belongs. Training
4. Objects and effects of acquisition Prayas has been incorporated to establish,
(including but not limited to, promote and operate institutes, training centres,
disclosure of reasons for acquisition skill development centres, vocational education
of target entity, if its business is centres, innovation hubs and research facilities
outside the main line of business of for imparting education, vocational training,
the listed entity). farmer training, capacity building, employability
enhancement and future readiness programmes.
The institution will also undertake research,
innovation, applied research projects and
industry-linked educational initiatives for
advancement of knowledge, technology and
sustainable development.
5. Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition.
6. Indicative time period for completion Not Applicable
of the acquisition
7. Consideration - whether cash Not Applicable. Prayas is a Section 8 company
consideration or share swap or any limited by guarantee and does not have share
other form and details of the same capital. DFPCL being a member has undertaken
to contribute up to Rs. 10,00,000 in the event of
winding up, as specified in the Memorandum of
Association of Prayas.
8. Cost of acquisition and/ or the price at Same as above
which the shares are acquired
9. Percentage of shareholding / control Not Applicable, since Prayas is incorporated as a
acquired and / or number of shares Section 8 company limited by guarantee without
acquired; share capital.
10. Brief background about the entity Prayas is incorporated on 4th November, 2026 as
acquired in terms of products/line a not-for-profit company under Section 8 of the
of business acquired, date of Companies Act, 2013 to promote education,
incorporation, history of last 3 years vocational training, skill development, research,
turnover, country in which the innovation and employability enhancement
acquired entity has presence and any initiatives. The company intends to establish and
other significant information. support educational institutions, training centres,
research centres and industry-linked skilling
programmes for students, youth, women,
farmers, workers and entrepreneurs.
Size / Turnover: Not Applicable, since the entity
is yet to commence its business.
The Date and Time of occurrence of the event/information is 3.37 P.M. on 5th November, 2026,
being the receipt of intimation regarding the Incorporation of Prayas.
The above information will also be made available on the website of the Company at
www.dfpcl.com.
Kindly take the above on your record.
Thanking you,
Yours faithfully,
For Deepak Fertilisers
And Petrochemicals Corporation Limited
Pankaj Gupta
Company Secretary and Compliance Officer
M. No. F9219