Deepak Nitrite Limited announced that its wholly-owned subsidiary, Deepak Chem Tech Limited (DCTL), has issued and allotted 45,00,000 9% Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of ₹100 each, aggregating to ₹45 Crores. This allotment was made to DPL, another wholly-owned subsidiary of Deepak Nitrite Limited. The infusion of funds into DCTL by DPL is intended to strengthen DCTL's capital base and support its project expenses and general corporate purposes. DCTL is currently operating a state-of-the-art fluorination plant and pursuing projects across various sites in Gujarat. The transaction was conducted on an arm's length basis at par value. DCTL was incorporated on October 9, 2020, and its turnover for FY 2024-25 was ₹9.43 Crores, and for FY 2023-24 was ₹0.86 Crores. No governmental or regulatory approvals were required for this investment.