Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) announced that its wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), has entered into an agreement to acquire 100% of the equity shares of an explosives manufacturer. The transaction is subject to certain conditions precedent to be completed by the parties before the specified date. Due to confidentiality obligations, further details, including the name of the target and the transaction value, will be shared upon successful closure of the transaction. The acquisition is expected to facilitate the export of value-added products and services, leveraging the upcoming Technical Ammonium Nitrate (TAN) capacities at DMSL's Gopalpur TAN plant. It will also support the export of differentiated products to DMSL's wholly-owned Mining Services subsidiary in Australia. The target entity belongs to the manufacturing of explosives industry. Regulatory approvals are not required for this acquisition. The indicative time period for completion of the acquisition is up to April 15, 2026, or any mutually agreed date, potentially extended due to Force Majeure events. The consideration is cash, with the cost of acquisition and shareholding details to be disclosed upon successful closure. The event occurred at 4:05 p.m. on December 24, 2025, which is the signing date of the agreement.