DEE Development Engineers Limited announced the outcome of its Fund-Raising Committee meeting held on July 8, 2026. The committee approved the allotment of 59,76,096 equity shares of face value ₹10 each, at a price of ₹502 per share (including a premium of ₹492 per share), for an aggregate consideration of ₹300,00,00,192. This preferential issue was previously approved during the Board Meeting on June 3, 2026, and the Extra-Ordinary General Meeting on June 27, 2026. The allotted shares will rank pari passu with the existing equity shares of the company. Following this allotment, the company's paid-up equity share capital has increased from ₹69,26,33,420 to ₹75,23,94,380. The Fund-Raising Committee meeting commenced at 7:30 a.m. and concluded at 8:20 a.m. on July 8, 2026.
