Chairman’s Message
Dear Stakeholders,

We are pleased to present to you our Forty Ninth Annual Report for the Financial Year (FY) 2019-20. During this year, Deepak Nitrite celebrates the milestone of 50 years in business. I would like to take this opportunity to thank all of you, our stakeholders, who are an integral part of our business and have contributed in significant measure to our progress. We have entered the Golden Jubilee year on the back of sound fundamentals, profitability and strong performance of Deepak Phenolics ahead of expectations. We strongly believe in delivering our promises made to investors and other stakeholders. We are now well positioned to take up several growth opportunities and I am sure that we will continue to receive your support as ever.


FY 2019-20 was an extremely challenging year for the global economy and was marked by multiple upheavals. Trade conflicts, political uncertainties, heightened volatility in commodity prices with some never before seen developments with respect to crude oil, protectionism etc.

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