DEE Development Engineers approves preferential issue worth ₹300 crore

DEE Development Engineers has approved the issuance of up to 59,76,096 equity shares on a preferential basis at ₹502 per share, aggregating to ₹300,00,00,192. The Board of Directors approved the proposal at its meeting held on June 3, 2026, subject to shareholder approval. The issue includes a premium of ₹492 per share over the face value of ₹10, with net proceeds estimated at ₹293 crore intended for repayment of borrowings and general corporate purposes.

The Board has fixed Saturday, June 20, 2026, as the cut-off date to determine members entitled to vote at the Extraordinary General Meeting (EGM). The EGM is scheduled for June 27, 2026, at 1:00 PM via video conferencing. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the relevant date for determining eligibility is May 27, 2026, as May 28, 2026, falls on a holiday.

Preferential Issue Breakdown

The allocation is divided between the Promoter & Promoter Group and the Non-Promoter Group, which includes Mutual Funds, Alternative Investment Funds, and Foreign Portfolio Investors.

Category	Number of Shares	Issue Price (₹)	Aggregate Amount (₹)
Promoter & Promoter Group	3,98,406	502	19,99,99,812
Non-Promoter Group	55,77,690	502	280,00,00,380
Total	59,76,096	502	300,00,00,192

Key Allottees and Governance

Krishan Lalit Bansal is the sole investor identified under the Promoter & Promoter Group category. Post-allotment, his shareholding will adjust to 47.31%. The Non-Promoter Group comprises 23 investors, including entities such as Kotak Mahindra Trustee Co Limited, WhiteOak Capital Equity Fund, and ValueQuest India G.I.F.T. Fund. The Board constituted a Fund-Raising Committee to oversee the process and appointed Mr. Rajneesh Sharma as the Registered Valuer.

Extraordinary General Meeting

Mr. Kapil Kumar of M/s. Kapil Kumar & Co. has been appointed as the Scrutinizer for the e-voting process. The remote e-voting period commences on June 24, 2026, and ends on June 26, 2026. Additionally, the Board approved the re-constitution of the Stakeholders' Relationship Committee and Corporate Social Responsibility Committee by including Mr. Bhisham Kumar Gupta and Mr. Ashwani Kumar Prabhakar as members, effective from June 3, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.54%	+16.38%	+57.72%	+225.69%	+129.72%	+96.14%

DEE Development Engineers has secured contracts aggregating ₹206.55 crore for the manufacturing and supply of Critical Piping Assembly. The orders were received from a domestic Public Sector Maharatna EPC conglomerate in the power sector and exclude GST. The customer's name remains undisclosed due to commercial reasons.

Order Details

The following table summarises the key details of the contracts secured:

Particulars	Details
Name of Client	Public Sector Maharatna EPC Conglomerate (Power Sector)
Nature of Order	Letter of Intent for manufacturing and supply of Critical Piping Assembly
Order Value	₹206.55 crore (Excluding GST)
Time Period	6-12 months for 2 units; 2-15 months for other 2 units
Related Party Transaction	No

Scope of Work

The contracts involve the supply of a Main Steam package and a Hot Reheat system. The company confirmed that the orders are domestic in nature and do not involve any related party transactions. Furthermore, the promoter, promoter group, or group companies hold no interest in the entity that awarded the contracts.

Execution Timeline

The execution timeline for the orders varies across different units. For two units, the execution period is set between 6 and 12 months from the purchase order date. For the other two units, the timeline extends from 2 to 15 months from the purchase order date.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details were submitted to the exchanges on June 02, 2026.