YEAR EVENTS 1970 - The company was Incorporated 9th March at Baroda. The Company was promoted by C.K. Mehta and S.S. Aggarwal. The company's objects is to manufacture sodium nitrite, sodium nitrate, and other allied chemicals, hexamethylene tetramine, dyes and dyes intermediates. - 2,25,000 No. of equity shares issued to promoters, etc. 2,25,000 No. of equity and 15,000 pref. shares issued to public in July, 1971. 1977 - 3,60,000 Bonus equity shares issued in prop. 4:5. 1979 - The plant for the production for formaldehyde for captive consumption in the DNPT was commissioned. By installing balancing equipments, the capacity of sodium nitrite/nitrate plant was increased from 11,700 to 15,000 tonnes per annum. - The second phase of increasing the capacity of ammonium nitrate plant from 6,000 tonnes to 10,000 tonnes per annum was also taken up. 1980 - 8,10,000 Bonus equity shares allotted during July/August 1980 in prop. 1:1. 1981 - The Company obtained a letter of intent for the manufacture of 10,000 tonnes of slurry explosives per annum in a backward district of Gujarat State. The company also applied for a licence to manufacture 3.6 lakh tonnes of di-ammonium phosphate per annum at Hazira, near Surat in Gujarat State. 1982 - Installation of balancing equipments in sodium nitrite plant was taken up to improve the facility in operations. - Pref. shares redeemed on 10.8.83. 1984 - 15% non-convertible debentures of Rs.100 lakhs were privately placed with financial institutions. 1985 - Production and sales of the Pune Unit was affected due to large imports of Resorcinol and subsequently the plant remained closed for some time during 1986. - The plant to manufacture 3,000 tonnes per annum concentrated nitric acid went on stream while the hexamine plant was commissioned in October. - The Company installed a plant to manufacture 900 tonnes of guanidine nitrate and 600 tonnes of hydroxylamine sulphate at Nandesari. - The Company revalued major portion of the assets of its Nandesari unit as on 31st October. The net surplus of Rs. 9,86,73,150 arising out of this was credited to revaluation reserve. - Nova Synthetics Ltd., is a subsidiary of the Company. - Shareholders of Deepak Nitrite, Ltd. were allotted from promoters quota, on a firm basis, 1 equity share of Deepak Fertilisers & Petrochemicals Corporation, Ltd. for every 3 equity shares held by them. - 8,10,000 Bonus equity shares issued in prop. 1:2. 1986 - Output of sodium nitrite, sodium nitrate and nitric acid showed improvement while that of ammoinium nitrate and DNPT was restricted due to market constraints. - Transport division of the Company was affected due to problems in fertiliser industry. 1988 - The guanidine nitrate plant was commissioned in November belatedly due to strike at Nandesari plant and the subsequent redeployment of the commissioning team of the vendors. Technical collaboration for the project was selected and the company was in the process of finalising its plans for the financing of the project. - Technical Collaborator for the project was selected and the Company was in the process of finalising its plans for the financing of the project. During 1989-90 necessary Govt. approvals were received. 1989 - The transport division's performance was affected by problems at the receiver's end. The dyes division at Pune started yielding results due to improvements carried out therein. - New Products like Guanidine Nitrate (GN) and Hydroxylamine Sulphate (HAS) were well received in the market. The transport division's performance was affected by problems at the receiver's end. 1991 - During March, the Company issued 24,30,000 - 12.5% secured redeemable partly convertible debentures of Rs.80 each on rights basis in the prop. of 1 debenture : 1 equity share held. Additional 3,64,500 debentures were allotted to retain oversubscription. - Another 1,21,500 - 12.5% partly convertible debentures were offered to the employees. Only 62,850 debentures were taken. The balance 58,650 debentures were allotted to Mutual Funds/Financial Institutions. - Part A of Rs.50 of each debenture was converted into 1 equity share of Rs.10 each at a premium of Rs.40 per share at the end of 6 months from the date of allotment. - Part B of Rs.30 of each debenture was to be redeemed at par between the end of 7th and 10th years from the date of allotment. - Simultaneously, the Company offered 24,30,000 - 14% secured redeemable non-convertible debentures of Rs.100 each on rights basis in the prop. of 1 debenture: 1 equity share held. Only 8,177 debentures were taken. The remaining 24,12,823 debentures devolved on the underwriters. - Each debenture of Rs.100 was to be redeemed at a prem. of 5% in three annual instalments of Rs.35, Rs.35 and Rs.35 at the end of 6th, 7th and 8th year respectively. - 29,16,000 shares allotted (prem. Rs.40 per share) on part conversion of debentures. 1992 - The phase-I of the Nitroaromatics project was commissioned in February. 1994 - Modernisation of the Nitrite/Nitrate plants are debottlenecking in the dry intermediate plants were taken up and a new hydrogenation plant was set up at Taloja based on the company's own developments which will add value to the Nitroaromatic products. - On 30th July, the Company has, against 5% upfront payment, allotted to 22,50,000 Warrants to the promoters group, carrying a right to convert the same into equity shares within a period of 18 months at a price of Rs.54 per share. 1995 - 4,04,000 No. of equity shares of Rs.10 each allotted against warrants to the promoters. 2000 - The Company has considered the proposal of acquisition of majority stake in equity capital of Aryan Pesticides Ltd. and decided to enter into agreement with the promoters of APL to acquire 34,57,300 No. of equity shares of Rs. 10/- each representing 68.76% of the outstanding equity share capital of APL at a price of Rs. 15/- per share. 2006 -Deepak Nitrite, NCL sign MoU for research -Deepak Nitrite Ltd Issues Rights in the Ratio of 2:4 2007 -Deepak Nitrite Ltd has has appointed Dr. Richard H Rupp as an Additional Director on the Board of the Company. 2009 - Deepak Nitrite Ltd has informed that the Board of Directors of the Company at its meeting held on May 13, 2009, has appointed Shri. Sidhir Mankad as an Additional Director on the Board of the Company. 2010 - Deepak Nitrite Ltd launches products in the Fuel Additive space. - The Board has recommended a dividend at the rate of Rs. 5/- (Rupees Five only) per Equity Share of Rs. 10/- each. 2011 - The Board has recommended a dividend at the rate of Rs. 6/- (Rupees Six only) per Equity Share of Rs. 10/- each. 2012 - The Board has recommended a dividend of Rs. 6/- (Rupees Six Only) per share of Rs. 10/- each. - The Company is awarded Businessworld FICCI CSR Award 2011-12. 2013 -Deepak Nitrite Ltd has commenced first stream for commercial production of Optical Brightening Agent (OBA) for the year ended 2013. -Board has recommended a dividend of Rs. 8/- per share of Rs. 10/- each. 2014 -Deepak Nitrite Ltd has appointed of Shri Arvind Bajpai, as Company Secretary & Compliance Officer of the Company. -Deepak Nitrite has announces bonus in the ratio of 1:1 -Deepak Nitrite has splits its face value from Rs 10/- to 2/- 2016 - Deepak Nitrite Limited, as the parent company of Deepak Foundation received the FICCI CSR Awards - It got Recognition for best practices in tribal areas 2018 - Deepak Group was conferred with customer awards 2018 by Rallis - Deepak Nitrite Limited's CFO- Mr. Sanjay Upadhyay recognized as `Best CFO under Chemicals in Mid-Cap 2020' - Deepak Nitrite Limited has been recognized by Indian Chemical Council (ICC) as the Best Environment, Health and Safety (EHS) Compliant Company'. - Deepak Foundation was conferred with FGI award at 15th Federation of Gujarat Industries (FGI) awards for energetically engaging in the Corporate Social Responsibility activities of Deepak Nitrite Limited. 2019 - Deepak Nitrite Limited (DNL) was conferred with "Best Innovation in Digital Communication" - Deepak Nitrite Limited (DNL) was conferred with Best Chemical Intermediates Company `Times Icon of Vadodara' award by Times Internet Limited - Deepak Nitrite Limited. was conferred with National Best Employer Brands 2019 award by Global Employer Branding Institute and World HRD Congress. - Deepak Group conferred with Prestigious Rising Brands of Asia 2019 at a grand function held at Intercontinental, 2020 - Deepak Nitrite Limited - Acquisition Of Industrial Land At Dahej - Deepak Nitrite Limited has been ranked, recognized, and profiled in Dun & Bradstreet's list of India's Top 500 Companies for the year 2020 - Deepak Nitrite made it to the Fortune 500 list for two consecutive year in 2020 - Deepak Nitrite Limited received prestigious Forbes Asia Best Under Billion Top 200 Award for the year 2020 - Deepak Nitrite Limited. was conferred with Fortune Next 500 2019 2021 - Deepak Nitrite Limited received prestigious Forbes Asia Best Under Billion Top 200 Award for the year 2020 - Deepak Nitrite Limited was featured in Dun & Bradstreet's Top 500 Companies for the year 2020. 2023 -Deepak Nitrite Ltd. Wins Best CFO Award by Business World. -Deepak Nitrite Ltd. signs Rs. 5000 crore MoU with GoG. 2024 -The Company Commencement Of Manufacturing Operations And New Product.