DEE Development Engineers Limited has announced the 1st Extra-Ordinary General Meeting (EGM) for the Financial Year 2026-27, scheduled to be held on Saturday, June 27, 2026, at 01:00 PM IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The primary agenda for the EGM is to consider and approve the issue of equity shares on a preferential basis to promoters/promoter group and non-promoters for cash consideration. The company proposes to issue up to 59,76,096 fully paid-up equity shares of face value ₹10 each, at an issue price of ₹502 per equity share (including a premium of ₹492 per equity share). This preferential issue is expected to aggregate up to ₹300,00,00,192 (Rupees Three Hundred Crores and one hundred and ninety-two only). The equity shares to be issued will rank pari passu with the existing equity shares of the company. The relevant date for determining the issue price is May 27, 2026. The shares will be listed and traded on the stock exchange, subject to regulatory approvals, and will be subject to a lock-in period as specified by SEBI (ICDR) Regulations. Allotment is expected within 15 days of passing the special resolution, or upon receipt of the last necessary regulatory approval. The company has also detailed the process for remote e-voting, which will commence on June 24, 2026, and conclude on June 26, 2026.
