Pledge/Unpledge

Deepak Fertilizers And Petrochemicals Corporation's promoter group entity, Robust Marketing Services Private Limited, has pledged an additional 2,48,000 equity shares, representing 0.1965% of the total paid-up share capital, with Bajaj Finance Limited.

This action serves as a security top-up for a loan availed by SCM Growth LLP (another promoter entity) for subscribing to Compulsorily Convertible Debentures of Deepak Mining Solutions Limited, a wholly-owned subsidiary of DFPCL.

The additional pledge was made due to current volatile market conditions to meet the required minimum security cover.

This indicates increased promoter leverage or funding needs.