Annual report for the F.Y. 2025-2026

August 07, 2026 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd. 2nd Floor, P.J. Towers, Exchange Plaza, Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400001 Mumbai 400051. SCRIP CODE: 543288 SYMBOL: DEEPINDS Sub.: Intimation of Notice of 20th Annual General Meeting along with Annual Report of the Company, Book Closure, remote E-voting Facility, venue E-voting Facility and fixation of cut-off date. Dear Sir , With re/feMrean’acme to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 , we would like to inform you that the 20th Annual General Meeting of the Company is scheduled to be held on Tuesday, September 01, 2026 at 11:00 a.m. IST (“SEBI LAisutidnigo -RVeisguualal tions”) (“AGM”) tPhurrosuugahn tV tiod eRoe Cguonlafteiroenn 3ci4n(g1 )( “oVfC S”E) B/ IO Ltihsetirn g RegulationsM, weaen asr (e“ OsuAbVmMi”t)ti.ng herewith the Notice of 20th AGM along with the Annual Report for the Financial Year 2025-26 of the Company, which is being sent through electronic mode to the members. www.deepindustries.com. The Annual Report containing the Notice is also uploaded on the Company’s website and can be accessed at Further, Pursuant to Regulation 42 of the SEBI Listing Regulations, the Register of Member and Share Transfer Books of the Company will remain closed from Wednesday, August 26, 2026 till Tuesday, September 01, 2026 (both days inclusive) for taking record of the Members of the Company for the purpose of 20th Annual General Meeting of the Company. Further, Pursuant to Regulation 44 of SEBI Listing Regulations, the Company has fixed Tuesday, August 25, 2026 as the cut-off date to determine the entitlement of the shareholders to cast their vote electronically in respect of the businesses to be transacted as per the Notice of the AGM and to attend the AGM. The Company has availed remote e-voting and e-voting service at the AGM from MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) and below is the calendar of the events for remote e-voting: 1. Da te and time of commencement of voting Friday, August 28, 2026 through electronic means (from 09:00 a.m. IST onwards) 2. Da te and time of end of voting through Monday, August 31, 2026 electronic means (till 05:00 p.m. IST) 3. Da te of declaration of result by the Chairman Within two working days of conclusion of the AGM You are requested to consider the same for your reference and record. Thanking you, Yours faithfully, For, Deep Industries Limited Rohan Vasantkumar Shah Whole-time Director & Chief Financial Officer DIN: 09154526 Encl: as above Engineering The Future of Oil & Gas Industries ANNUAL REPORT 2025-26 Letter from the Chairman Dear Esteemed Shareholders It gives me immense pleasure to present the 20th Annual Report of Deep Industries Limited for the Financial Year 2025–26. Marking two decades of our journey is a significant milestone, and doing so on the back of such a remarkable year makes this moment incredibly special. Over the past year, we have significantly strengthened our leadership, scaled our execution capabilities, and built a resilient foundation for the next phase of our growth. Delivering Strength and Driving Growth FY 25–26 has been a definitive year of robust performance, characterized by a healthy order book and a highly promising bidding pipeline. A key catalyst has been the exceptional response to our specialized value-added services—particularly our charter-hire model for complete gas processing facilities. By delivering comprehensive, turnkey solutions, we create a genuine win-win ecosystem that optimizes costs for our clients while securing sustainable revenue streams for us. Expanding Horizons through Strategic Integration A defining milestone of this past year has been our successful strategic vertical integration into Production Enhancement Contracts (PECs). Following the prestigious 15-year contract win from ONGC, I am pleased to share that we have already taken formal possession of the field and field development operations are actively underway. This transition from a contract win to on-the-ground execution showcases our agility in capturing high-value market shifts and reinforces our reputation for operational excellence. By sharpening our focus on these advanced, value-added services, we are directly contributing to unlocking India’s hydrocarbon potential as the nation marches toward energy self-reliance. The Road Ahead As we look ahead, our focus shifts decisively from building a robust foundation to accelerating our momentum. With India importing a major share of its crude oil and natural gas, securing national energy independence—Urja Aatmanirbharta—has emerged as a paramount strategic priority. As domestic exploration and production scale up, the energy support services sector is undergoing a profound transformation. Deep Industries stands precisely at this intersection, anchored by technological readiness and unyielding operational discipline. In the coming year, our priorities are clear: maximizing production efficiency at our newly possessed fields, expanding our high- margin charter-hire footprint, and maintaining the financial prudence that safeguards our balance sheet. We are not just participating in India's energy transition; we are actively shaping it, and our strategic choices remain tightly aligned with delivering sustainable, long-term returns for our shareholders. To propel our growth to the next level, we are aggressively expanding our horizons into high-barrier, future-ready sectors. In the coming years we intend to strategically enter the high-capacity rig segment, allowing us to cater to deeper and more complex exploration demands. Simultaneously, aligning ourselves with the global energy transition and India's green energy ambitions, we have signed a landmark Memorandum of Understanding (MOU) in the Green Hydrogen space. This pivotal step marks our entry into the clean energy ecosystem, ensuring that Deep Industries remains at the forefront of the evolving global energy landscape I extend my heartfelt gratitude to our clients, partners, employees, and shareholders for your unwavering trust and support. Warm regards, PARAS SAVLA Chairman & Managing Director Deep Industries Limited DEEP INDUSTRIES LIMITED Annual Report 2025-26 STNEMETATS LAICNANIF STROPER YROTUTATS CORPORATE INFORMATION BOARD OF DIRECTORS Mr. Paras Shantilal Savla Chairman & Managing Director Mr. Rupesh Kantilal Savla Managing Director Mr. Rohan Vasantkumar Shah Whole – Time Director (Finance) Dr. Kirit Nanubhai Shelat Independent Director Ms. Shaily Jatin Dedhia Independent Director Mr. Shalin Harshadbhai Patel Independent Director (w.e.f 12th March, 2026) KEY MANAGERIAL PERSONNEL Mr. Rohan Vasantkumar Shah Chief Financial Officer Mrs. Shilpa Sharma Company Secretary STATUTORY AUDITORS M/s. Mahendra N. Shah & Co Chartered Accountants SECRETARIAL AUDITORS M/s. RPAP & Co. Practicing Company Secretary SHARE TRANSFER AGENT M/s MUFG Intime Private Limited (Previously known as Link Intime India Private Limited) 5th Floor, 506 to 508, Amarnath Business Centre –(ABC-1), Beside Gala Business Centre, Near St. Xavier’s College Corner, Off C. G. Road, Navarangpura, Ahmedabad – 380006, Gujarat REGISTERED OFFICE 12A & 14, Abhishree Corporate Park, Ambli Bopal Road, Ambli, Ahmedabad – 380058, Gujarat CIN: L14292GJ2006PLC049371 Phone: 98256 00533, 99090 09898 E-mail: cs@deepindustries.com Website: www.deepindustries.com CONTENTS Notice 02 Board’s Report 25 Management Discussion and Analysis 38 Corporate Governance Report 45 Business Responsibility and 60 Sustainability Report Independent Auditor’s Report on 82 Standalone Financial Statements Standalone Financial Statements 92 Independent Auditor’s Report on 150 Consolidated Financial Statements Consolidated Financial Statements 158 DEEP I [Showing first 8,000 characters — download PDF for full document]