Deepak Fertilisers CMD, Ex-CFO Pay ₹35.5 Lakh Compounding Fee for Non-Disclosure Violations
Deepak Fertilisers and Petrochemicals Corporation Limited has announced the final order from the Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai. This order, received on Janua...
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Why is Deepak Fertilizers and Petrochemicals Corporation Limited in the news today?
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) is in the news due to the announcement pertains to the finalization of a compounding application related to alleged non-disclosure violations. while a resolution has been reached by paying a fee, the underlying issue was a violation, making the sentiment neutral.
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Deepak Fertilisers CMD, Ex-CFO Pay ₹35.5 Lakh Compounding Fee for Non-Disclosure Violations
January 2, 2026, 10:01 AM
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Deepak Fertilisers and Petrochemicals Corporation Limited has announced the final order from the Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai. This order, received on January 1, 2026, concludes the application for compounding under Section 441 of the Companies Act, 2013, concerning alleged non-disclosures under Section 129 of the Act. These alleged violations pertained to the non-disclosure of immovable property, investments, and contingent liabilities in the company's books of accounts.
As part of the compounding process, the Chairman & Managing Director (CMD) and the ex-Chief Financial Officer (CFO) of the company have jointly paid a total compounding fee of ₹35,50,000. Each applicant paid ₹17,75,000. With this payment, the alleged violation has been compounded, and the compounding application stands disposed of.
The company had previously disclosed interim orders received on December 2, 2025, regarding this matter. The final order was passed by the Regional Director on December 26, 2025. The occurrence of this event is marked by the receipt of the Final Order by the CMD on January 1, 2026, around 5:30 p.m. via speed post. This information will also be available on the company's website, www.dfpcl.com.
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