Deep Industries to Amalgamate Wholly-Owned Subsidiary Kandla Energy & Chemicals for Operational Synergies and Cost Efficiency

Deep Industries Ltd. has approved the amalgamation of its wholly-owned subsidiary, Kandla Energy & Chemicals Ltd., in a move aimed at business and operational synergies, resource optimization, and simplified corporate structure. The merger is expected to result in growth through backward integration, cost efficiency, supply security, and improved operating margins for Deep Industries. The amalgamated company will have increased capability for offering diversified products and services on a single platform, better business potential and prospects, and enhanced resource base and client relationships. The merger will also lead to optimization of working capital utilization, stronger financial leverage, improved balance sheet, and consolidation of cross location talent pool.