On June 3, 2026, DEE Development Engineers Limited's Board of Directors approved the issuance of equity shares on a preferential basis.
This decision is subject to shareholder and other necessary approvals.
The company plans to issue up to 59,76,096 equity shares with a face value of ₹10 each. These shares will be issued at ₹502 each, which includes a premium of ₹492 per share.
The total value of this issuance is ₹300,00,00,192. This issuance will be divided between the Promoter & Promoter Group and the Non-Promoter Category.
Within the Promoter Group, up to 3,98,406 equity shares will be issued. The sole investor in this category is Krishan Lalit Bansal, who will see his shareholding adjusted post-issuance.
His pre-issue shareholding was 3,52,00,366 shares, representing 50.82% of the company. Post-issuance, his holding will be 3,55,98,772 shares, equating to 47.31%.
The Non-Promoter Group will receive up to 55,77,690 equity shares. This category includes 23 investors, such as mutual funds, alternative investment funds, and foreign portfolio investors.
Notable investors include Kotak Mahindra Trustee Co Limited and WhiteOak Capital Equity Fund.
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An Extraordinary General Meeting (EGM) is scheduled for June 27, 2026, at 1:00 PM. This meeting will be conducted via video conferencing and other audio-visual means. The cut-off date for determining voting eligibility is June 20, 2026.
The Board has appointed Mr. Kapil Kumar as the Scrutinizer for the e-voting process. Additionally, a Fund-Raising Committee has been constituted to oversee the preferential issue.
The Stakeholders' Relationship Committee and Corporate Social Responsibility Committee have been reconstituted to include new members.
As of June 03, 2026, at 11:07 AM, DEE Development Engineers share price on NSE was trading at ₹621.50 down by 5.00% from the previous closing price.
DEE Development Engineers Limited's decision to issue equity shares on a preferential basis marks a significant step in its financial strategy. The allocation to both promoter and non-promoter groups indicates a balanced approach to raising capital.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 3, 2026, 1:13 PM IST
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