Deep Industries Ltd: Shareholders Approve Amendments to MoA, Including Rs. 175 Crore Related Party Transactions

Deep Industries Ltd announced that its shareholders have approved amendments to the company's Memorandum of Association (MoA). The amendments include the addition of new objectives and the approval of related party transactions worth Rs. 175 crores with Deep International DMCC and Prabha Energy Private Limited, respectively. These transactions are subject to the conditions specified in SEBI Listing Regulations and are not expected to exceed Rs. 100 crores and Rs. 75 crores respectively during the fiscal years 2023-24 to 2025-26.