Deep Industries has received approval of the Gujarat High Court for a scheme of arrangement and restructure of share capital of the company. According to the proposal, Kanvel Finance, Kanvel Oil and Gas, Prabhavati Properties, Savla Enterprise and Yash Organochem (collectively referred to as transferor companies) will be merged with Deep Industries.
Deep Industries has been serving the industry in various segments with the foremost being providing Air & Natural Gas Compressor Services on chartered hire basis, wherein company commands a healthy market position and is also the first company in India to offer such services.
