INVESTORRELEASE

DeepIndustriesraisesRs.64crviaQIP

9th December, 2016, Mumbai The QIP Committee in their meeting held today have approved
the issue and allotment of 28,00,000 equity shares of face value Rs. 10/ each to Qualified
InstitutionalBuyers(QIB)attheissuepriceofRs.228perequityshare.Thecompanyhasraiseda
total amount of Rs. 63.84 Cr. The funds raised are intended to be utilized to meet long term
workingcapitalrequirementsandtherebybusinessgrowth.

The shares were subscribed by FIIs & FPls. Post the fund raise the Total Equity of the company
increasedto3,20,00,000equitysharesofFaceValueRs.10/eachandthepromoterholdingwill
nowbeat63.95%

Atthisoccasion,Mr.ParasSavla,Chairman&ManagingDirectorcommented,Indiaislikelyto
witnessasurgeinexplorationactivitiesintheOilGasspace.TheGovernmentsintenttoincrease
usageofGasinthecountryisabeneficialpropositionforDeepwhichhascapabilitiesacrossthe
service value chain of Drilling, Compression and Dehydration. With a healthy order pipeline,
strongcustomerrelationshipsandalongtrackrecordinendtoendprojectexecution,weshallbe
a natural beneficiary of the increasing prospects in the Indian OilGas Services space. Deep has
manylargeclientsandforeseesahealthyorderbookgoingforward.Withthisfundraisewewill
getfundingflexibilitytocapitalizeontheopportunitiesavailableintheOilGasServicesspaceand
shallendeavortobeafrontrunnerinthisspace.

ElaraCapital(India)PrivateLimitedarethebookrunningleadmanagerandKrishnamurthy&Co.
are the domestic legal counsel to the Issue and Squire Patton Boggs Singapore LLP was the
internationallegalcounselinrelationtothesellingandtransferrestrictions.

AboutDeepIndustriesLtd
DeepIndustriesisengagedinthebusinessofoilandgasservices,explorationandproduction.The
Company'soilandgasservicesincludeairandgascompression,workoveranddrillingrigsandgas
dehydrationservices.ItisoneofthefirstcompaniesinIndiatoprovidehighpressureNaturalGas
CompressionServicesandGasDehydrationServicesoncontractualbasis.Itisoneofthelargest
companies providing Gas Compression Services in India. The Companys upstream portfolio
includesbothconventionalandunconventionalassetswithanacreageofonshoreexplorationand
productionblocks.EquitySharesarelistedbothonBombayStockExchangeLimitedandNational
Stock Exchange of India Ltd.For more information about Deep Industries Limited, please visit
www.deepindustries.com

Safeharborstatement

Statements in this document relating to future status, events, or circumstances, including but not limited to
statements about plans and objectives, the progress and results of research and development, potential project
characteristics,projectpotentialandtargetdatesforprojectrelatedissuesareforwardlookingstatementsbasedon
estimatesandtheanticipatedeffectsoffutureeventsoncurrentanddevelopingcircumstances.Suchstatementsare
subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may
differ materially from those anticipated in the forwardlooking statements. The company assumes no obligation to
updateforwardlookingstatementstoreflectactualresultschangedassumptionsorotherfactors.

_____________________________________________________________________________
Forfurtherdetailspleasecontact:
DeepIndustriesLtd

StrategicGrowthAdvisorsPvt.Ltd.

CIN:L63090GJ1991PLC014833

CIN:U74140MH2010PTC204285

RohanShahCFO

PayalDave/ShogunJain

Email:rohan@deepindustries.com

payal.dave@sgapl.net/shogun.jain@sgapl.net