Deepak builders & engineers India Limited has received enhanced credit ratings from CRISIL Ratings Limited for its bank facilities worth Rs. 637 crore. The company informed the National Stock Exchange and BSE Limited on March 25, 2026, regarding the rating assignment received through CRISIL's letter dated March 24, 2026.

Credit Rating Details

CRISIL Ratings Limited has assigned and reaffirmed ratings for the company's loan facilities, marking a substantial enhancement in the facility amount from the previous Rs. 470 crore to Rs. 637 crore.

Bank-wise Facility Distribution

The total facility amount of Rs. 637 crore is distributed across multiple banks and facility types. Punjab National Bank holds the largest share with fund-based facilities of Rs. 65 crore and significant non-fund based limits totaling Rs. 425 crore. HDFC Bank Limited provides fund-based facilities of Rs. 15 crore, non-fund based limits of Rs. 85 crore, and term loans of Rs. 45.4 crore.

Rating Validity and Surveillance

The rating letter remains valid until March 31, 2026, after which a new rating letter will be required. CRISIL Ratings maintains continuous surveillance of all assigned ratings and reserves the right to withdraw or revise ratings based on new information or changing circumstances. The company must avail the proposed facilities within 180 days from the rating letter date to maintain validity.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Managing Director Deepak Kumar Singal signed the communication to both stock exchanges, ensuring compliance with disclosure requirements for listed companies regarding material credit rating developments.

Deepak builders & engineers India Limited has received a GST summons from tax authorities, marking a significant regulatory development for the construction and engineering company. The summons relates to an ongoing inquiry following inspection proceedings conducted at the company's registered office.

GST Summons Details

The company received the hard copy summons on March 20, 2026 at 6:00 PM at its registered office in New Delhi, issued by CGST Delhi South. The summons has been issued under Section 70 of the Central Goods and Service Tax Act, 2017, requiring compliance from the company's management.

Nature of Inquiry and Required Documentation

The GST summons requires the director to appear in connection with inspection proceedings. The inquiry officer, Govind Bhardwaj (Superintendent/Appraiser/Senior Intelligence Officer), has requested specific documentation and testimony.

The summons requires:

• Tender statement
• Turnover reconciliation as per GSTR-3B and GSTR-7
• Purchase/Sales records with payment and transportation proofs
• Personal appearance or authorized representative attendance

Regulatory Compliance and Disclosure

Deepak Builders has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing detailed information as required by SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company informed both NSE and BSE about this development through a formal communication dated March 21, 2026.

Financial Impact Assessment

The company has stated that since only a summons has been issued and the inquiry remains at a preliminary stage without specific allegations of violations being formally established, it cannot determine the financial impact in monetary terms at this time. The summons does not allege any violations or contraventions as the inquiry is at an initial stage following the inspection proceedings conducted on March 20, 2026.