Comfort Fincap Limited acquired 20,00,000 equity shares of Deepak Builders and Engineers India Ltd through a pledge mechanism, increasing its holding to 5.62% of the company's total share capital. The transaction, dated October 19, 2026, was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirer did not hold any voting rights prior to this specific acquisition but held shares in the nature of encumbrance (pledge) amounting to 2,42,00,000 shares, representing 5.20% of the target company's capital. Comfort Fincap is not part of the promoter or promoter group of Deepak Builders.

Post-acquisition holding structure

Following the acquisition, the total holding of Comfort Fincap in Deepak Builders stands at 2,62,00,000 shares. All these shares are classified as encumbered with the acquirer. The company holds no direct equity shares carrying voting rights, warrants, or convertible securities that would entitle it to receive additional voting rights.

The total equity share capital of Deepak Builders remains unchanged at 46,58,08,600 equity shares of Re. 1 each, both before and after the said acquisition. The mode of acquisition is explicitly stated as a pledge created in favor of Comfort Fincap Limited.

Deepak Builders & Engineers India Limited (NSE: DBEIL) announced that all four resolutions proposed at its ninth Annual General Meeting (AGM) held on September 29, 2026, were passed by shareholders with the requisite majority. The meeting, conducted via Video Conferencing, saw the adoption of audited financial statements for FY26 and the continuation of Chairman and Managing Director Deepak Kumar Singal’s tenure.

The proceedings were conducted in compliance with Ministry of Corporate Affairs and SEBI circulars. The meeting commenced at 11:00 am and concluded at 11:38 am. A total of 41 members attended, comprising four from the promoter group and 37 public shareholders. The Scrutinizer, Rajeev Bhambri of Rajeev Bhambri & Associates, submitted the report on September 29, 2026, confirming the results.

Key resolutions and voting outcomes

Shareholders approved ordinary and special resolutions regarding financial adoption, director appointments, and auditor remuneration. The special resolution specifically addressed the continuation of Deepak Kumar Singal’s term as he is scheduled to attain the age of 70 years on September 9, 2027.

The promoter group voted unanimously in favour of all resolutions, casting 33,46,18,760 votes each time. Public institutional shareholders also voted entirely in favour, while public non-institutional shareholders recorded minor dissenting votes ranging from 1,570 to 3,389 votes across the resolutions.

Meeting details and attendance

The AGM was chaired by Deepak Kumar Singal. Key managerial personnel and auditors attended virtually, including Statutory Auditor Parmod Gupta of Parmod G Gupta & Associates and Secretarial Auditor Rajeev Bhambri. The Company Secretary, Anil Kumar, facilitated the e-voting process and addressed member queries regarding operations and financial performance.

The Chairman noted that statutory registers were available for electronic inspection. Questions raised by registered speakers were addressed by the management, while members unable to speak were directed to submit queries via email. The e-voting facility was provided by KFin Technologies Limited.