DEE Development Engineers Limited's Board of Directors, in a meeting held on June 3, 2026, approved the issuance of equity shares on a preferential basis, subject to shareholder and other necessary approvals. The company plans to issue up to 59,76,096 equity shares of face value ₹10 each at an issue price of ₹502 per share (including a premium of ₹492), aggregating to ₹300 crore. This issuance is divided into two categories: up to 3,98,406 equity shares for ₹19.99 crore to Promoter & Promoter Group, and up to 55,77,690 equity shares for ₹280 crore to the Non-Promoter Category, which includes various types of institutional investors like Mutual Funds, Alternative Investment Funds, Foreign Portfolio Investors, and other corporate bodies. The Board also approved convening an Extraordinary General Meeting (EGM) on Saturday, June 27, 2026, at 1:00 PM, to be conducted through video conferencing. Saturday, June 20, 2026, has been fixed as the cut-off date for determining shareholder eligibility for voting at the EGM. Mr. Kapil Kumar has been appointed as the Scrutinizer for the e-voting process. Furthermore, the Board constituted a Fund-Raising Committee to oversee aspects of the preferential issue and approved the re-constitution of the Stakeholders' Relationship Committee (SRC) and Corporate Social Responsibility (CSR) committee, effective from June 3, 2026, with new members Mr. Bhisham Kumar Gupta and Mr. Ashwani Kumar Prabhakar being included. The sitting fees for Independent Directors attending committee meetings have also been revised, effective from the same date. The appointment and report of Mr. Rajneesh Sharma, Registered Valuer, for the valuation of equity shares for the preferential allotment were also noted.
