Deep Industries logo

Deep Industries MD, chairman, board of directors and AGM

NSE: DEEPINDSBSE: 543288OilSmall Cap

Last close ₹674.00down ₹21.75 (3.13%)BSE ₹674.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹695.75.

52-week range of traded prices to 23 Oct 2026
₹330.00Low, 13 Mar 2026₹825.00High, 9 Sep 2026
Market cap
₹4,314 Cr1,014th largest listed
P/E
20.9
P/E without one-offs
10.4
P/B
2.2
Dividend yield
0.37%
ROE
10.8%
ROE without one-offs
21.7%
ROCE
13.8%
Debt to equity
0.10
Volume, NSE
3,83,27151.8% delivered

Deep Industries board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorParas Shantilal Savla
  • Managing directorRupesh Kantilal Savla
  • Company Secretary and Compliance OfficerSHILPA SHARMA

6 directors3 independent3 executive

  • Paras Shantilal Savla · Chairperson and managing directorExecutive · joined Nov 2006 · 1 listed board · 2 committee seats
  • Rupesh Kantilal Savla · Managing directorExecutive · joined Nov 2006 · 2 listed boards · 1 committee seat
  • Rohan Vasantkumar ShahExecutive · joined Jun 2021 · 2 listed boards
  • Kirit Nanubhai ShelatIndependent · joined Nov 2020 · reappointed Nov 2025 · 67 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Shaily Jatin DedhiaIndependent · joined Jun 2021 · reappointed Jun 2026 · 60 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • Shalin Harshadbhai PatelIndependent · joined Mar 2026 · reappointed Mar 2026 · 3 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Ashokkumar Ratilal Patel, left 13 Dec 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 May 20266 of 6 present3 independent · 62 days in between
    • 12 Mar 20265 of 5 present2 independent · 34 days in between
    • 5 Feb 20265 of 5 present2 independent
  • Audit Committee

    Chair Shalin Harshadbhai Patel

    Paras Shantilal Savla, Shaily Jatin Dedhia, Kirit Nanubhai Shelat

    • 14 May 20264 of 4 present3 independent · 62 days in between
    • 12 Mar 20263 of 3 present2 independent · 34 days in between
    • 5 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Kirit Nanubhai Shelat

    Shaily Jatin Dedhia, Shalin Harshadbhai Patel

    • 14 May 20263 of 3 present3 independent · 62 days in between
    • 12 Mar 20262 of 2 present2 independent · 34 days in between
    • 5 Feb 20262 of 2 present2 independent
  • Stakeholders Relationship Committee

    Chair Shalin Harshadbhai Patel

    Kirit Nanubhai Shelat, Paras Shantilal Savla

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Paras Shantilal Savla

    Rupesh Kantilal Savla, Shaily Jatin Dedhia, Rohan Vasantkumar Shah

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Paras Shantilal Savla

    Rupesh Kantilal Savla, Shaily Jatin Dedhia

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Mahendra N. Shah & CoPeer-review certificate valid to May 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Deep Industries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Deep Industries dividend history

Annual general meeting, 1 Sep 2026

39,276 shareholders on the register on 25 Aug 2026; present: 14 promoters and 30 others; votes counted by Rajesh Parekh / RPAP & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements (including Balance Sheet and Statement of Profit and Loss) of the Company for the financial year ended on 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.69% · promoters 100.00% · institutions 6.37% · other public 9.09%

  2. To declare a Final Dividend of Rs. 2.50/- per Equity Share for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.71% · promoters 100.00% · institutions 6.75% · other public 9.09%

  3. To appoint Mr. Rohan Vasantkumar Shah (DIN: 09154526), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.66% · promoters 100.00% · institutions 5.71% · other public 9.09%

  4. To approve material related party transaction(s) proposed to be entered into by the company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 3.22% · promoters 0.00% · institutions 6.75% · other public 9.08%

  5. To approve material related party transaction(s) proposed to be entered into by and between the subsidiaries of the company
    OrdinaryPromoters have an interest in it
    91.38% for8.62% against

    Against: promoters 0.00% · institutions 96.96% · other public 0.00%

    Turnout: all 3.22% · promoters 0.00% · institutions 6.75% · other public 9.09%

  6. To approve related party transaction with regards to holding an office or place of profit of Mr. Shail Manoj Savla as president
    Ordinary
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 96.96% · other public 0.08%

    Turnout: all 34.71% · promoters 49.60% · institutions 6.75% · other public 9.09%

  7. Alteration Of the Articles of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 66.71% · promoters 100.00% · institutions 6.75% · other public 9.09%

  8. To Approve Of ‘Deep Industries Limited Employee Stock Option Scheme 2026’ (“Dil ESOP Scheme 2026”/ “Scheme”)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 66.71% · promoters 100.00% · institutions 6.75% · other public 9.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Apr 2026, 2 resolutions

38,058 shareholders on the register on 20 Mar 2026; votes counted by Rajesh Parekh / RPAP & Co..The company's voting result (opens in a new tab)

  1. ALTERATION IN MEMORANDUM OF ASSOCIATION BY WAY OF AMENDMENT IN THE MAIN OBJECT CLAUSE OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 63.93% · promoters 100.00% · institutions 8.19% · other public 0.56%

  2. APPOINTMENT OF MR. SHALIN HARSHADBHAI PATEL (DIN: 08214933) AS THE NONEXECUTIVE INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 63.93% · promoters 100.00% · institutions 8.19% · other public 0.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Sep 2025, 10 resolutions

39,801 shareholders on the register on 1 Sep 2025; present: 14 promoters and 24 others; votes counted by Rajesh Parekh / RPAP & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Standalone and Consolidated Financial Statements (including Balance Sheet and Statement of Profit and Loss) of the Company for the financial year ended on March 31, 2025 and the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.24% · promoters 100.00% · institutions 5.35% · other public 7.72%

  2. To declare a Final Dividend of Rs.3.05/- per Equity Share for the financial year 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

  3. To appoint Mr. Rupesh Kantilal Savla (DIN: 00126303), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

  4. To alter the main object i.e Clause III of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

  5. Appointment of M/s RPAP & Co., Practicing Company Secretaries as the Secretarial Auditor of the Company for the first term of 5 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

  6. Re-appointment of Mr. Paras Shantilal Savla, (DIN: 00145639) as the Chairman & Managing Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.12% · promoters 69.87% · institutions 5.75% · other public 7.72%

  7. Re-appointment of Mr. Rupesh Kantilal Savla, (DIN: 00126303) as the Managing Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 34.76% · promoters 50.40% · institutions 5.75% · other public 7.72%

  8. Re-appointment of Mr. Rohan Vasantkumar Shah (DIN: 09154526) as the Whole-time Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

  9. Re-appointment of Dr. Kirit Nanubhai Shelat (DIN: 00190619) as an Independent Director for the second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

  10. Re-appointment of Ms. Shaily Jatin Dedhia (DIN: 08853685) as an Independent Director for the second term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.25% · promoters 100.00% · institutions 5.75% · other public 7.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 Feb 2025, 2 resolutions

36,381 shareholders on the register on 27 Dec 2024; votes counted by Rajesh Parekh / RPAP & Co..The company's voting result (opens in a new tab)

  1. TO INCREASE AUTHORISED SHARE CAPITAL AND TO MAKE ALTERATION IN CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 64.36% · promoters 100.00% · institutions 2.74% · other public 2.36%

  2. TO CONSIDER AND APPROVE RAISING OF FUNDS FOR AN AMOUNT UPTO RS. 3,50,00,00,000 (RUPEES THREE HUNDRED AND FIFTY CRORES ONLY) THROUGH QUALIFIED INSTITUTIONS PLACEMENT BASIS, IN ONE OR MORE TRANCHES
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 64.36% · promoters 100.00% · institutions 2.74% · other public 2.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Jul 2024, 7 resolutions

Present: 14 promoters and 22 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited Standalone and Consolidated Financial Statements (including Balance Sheet and Statement of Profit and Loss) of the Company for the financial year ended on March 31, 2024 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.16% · promoters 100.00% · institutions 2.72% · other public 10.47%

  2. To declare a Final Dividend of Rs. 2.44/- per Equity Share for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.16% · promoters 100.00% · institutions 2.72% · other public 10.47%

  3. To appoint a director in place of Mr. Parasbhai S. Savla (DIN: 00145639), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.16% · promoters 100.00% · institutions 2.72% · other public 10.47%

  4. To approve Loans, Guarantee or Security under Section 185 of Companies Act, 2013 and as per Regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015.MoreLess
    SpecialPromoters have an interest in it
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 3.67% · promoters 0.00% · institutions 2.72% · other public 10.47%

  5. TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY
    OrdinaryPromoters have an interest in it
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 3.67% · promoters 0.00% · institutions 2.72% · other public 10.47%

  6. TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY AND BETWEEN THE SUBSIDIARIES OF THE COMPANY
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 3.67% · promoters 0.00% · institutions 2.72% · other public 10.47%

  7. TO APPROVE REVISION OF PERQUISITES AND AMENITIES TO BE PAID TO MR. ROHAN V, SHAH, WHOLE-TIME DIRECTOR OF THE COMPANY
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 67.16% · promoters 100.00% · institutions 2.72% · other public 10.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Mar 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. TO MAKE ADDITION IN MAIN OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.63%

    Turnout: all 63.73% · promoters 100.00% · institutions 7.95% · other public 0.28%

  2. TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY AND BETWEEN THE SUBSIDIARIES OF THE COMPANY
    OrdinaryPromoters have an interest in it
    98.55% for1.45% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.63%

    Turnout: all 0.24% · promoters 0.00% · institutions 7.95% · other public 0.28%

  3. TO APPROVE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED INTO BY THE COMPANY
    OrdinaryPromoters have an interest in it
    68.41% for31.59% against

    Against: promoters 0.00% · institutions 50.30% · other public 3.63%

    Turnout: all 0.24% · promoters 0.00% · institutions 7.95% · other public 0.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2023, 7 resolutions

Present: 14 promoters and 19 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone and consolidated financial statements of the company for the financial year ended on 31st March, 2023 together with the Reports of Board of Directors and Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.48% · promoters 100.00% · institutions 21.67% · other public 4.73%

  2. To declare a Final Dividend of Rs. 1.85 per Equity Shares for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.56% · promoters 100.00% · institutions 26.65% · other public 4.73%

  3. To appoint a Director in place of Mr. Rohan V. Shah (DIN: 09154526), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 65.56% · promoters 100.00% · institutions 26.65% · other public 4.73%

  4. To approve Loans, Guarantee or Security under Section 185 of Companies Act, 2013.
    Special
    99.37% for0.63% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 65.56% · promoters 100.00% · institutions 26.65% · other public 4.73%

  5. To approve related party transaction with regards to holding an office or place of profit of Mr. Dharen Savla as President
    OrdinaryPromoters have an interest in it
    85.67% for14.33% against

    Against: promoters 0.00% · institutions 72.04% · other public 0.02%

    Turnout: all 2.07% · promoters 0.00% · institutions 26.65% · other public 4.73%

  6. Appointment of Mr. Ashokkumar Ratilal Patel (DIN: 09451821) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 65.56% · promoters 100.00% · institutions 26.65% · other public 4.73%

  7. To consider and approve Material Related Party Transaction(s) proposed to be entered by Company with Deep Onshore Drilling Services Private Limited.
    OrdinaryPromoters have an interest in it
    94.45% for5.55% against

    Against: promoters 0.00% · institutions 27.96% · other public 0.00%

    Turnout: all 2.07% · promoters 0.00% · institutions 26.65% · other public 4.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Mar 2023, 4 resolutions

The company's voting result (opens in a new tab)

  1. SUB- DIVISION OF EVERY 1 (ONE) EQUITY SHARE OF THE NOMINAL/FACE VALUE OF RS. 10/- (RUPEES TEN ONLY) EACH INTO 2 (TWO) EQUITY SHARES OF THE NOMINAL/FACE VALUE OF RS. 5/- (RUPEES FIVE ONLY) EACH
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 65.25% · promoters 100.00% · institutions 5.61% · other public 4.78%

  2. ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 65.25% · promoters 100.00% · institutions 5.61% · other public 4.77%

  3. TO ADOPT THE NEW MEMORANDUM OF ASSOCIATION AS PER COMPANIES ACT, 2013
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.35%

    Turnout: all 65.25% · promoters 100.00% · institutions 5.61% · other public 4.77%

  4. TO CONSIDER AND APPROVE MATERIAL RELATED PARTY TRANSACTION(S) PROPOSED TO BE ENTERED BY COMPANY
    OrdinaryPromoters have an interest in it
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 1.75% · promoters 0.00% · institutions 5.61% · other public 4.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.