DEE Development Engineers Limited has secured in-principle approval from BSE Limited and National Stock Exchange of India Limited to issue 59,76,096 equity shares on a preferential basis, aggregating to ₹300 crore. The shares, with a face value of ₹10 each, will be issued at a price of ₹502 per share, including a premium of ₹492 per share, to Promoter and Non-Promoters. The approvals, referenced as LOD/PREF/DA/FIP/464/2026-27 from BSE and NSE/LIST/55604 from NSE, were both granted on July 1, 2026.

The company must ensure the issue and allotment comply with the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015. The exchanges advised the company to strengthen internal controls to monitor trades executed by proposed allottees. Specifically, the company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell shares until the allotment date. The responsibility for verifying this compliance lies solely with the issuer company, and any non-compliance could impact the listing of the shares.

Issue Details

The key parameters of the preferential issue are summarised below:

Following the allotment, the company is required to submit a listing application within twenty days to the recognised stock exchanges along with applicable fees and necessary documents. The exchanges reserved the right to withdraw the in-principle approval if the information provided is found to be incomplete, incorrect, or misleading.

DEE Development Engineers has announced that its wholly owned subsidiary, DEE Fabricom India Private Limited, has secured a domestic order worth ₹64 Crores from Ganeko Solar Private Limited. The contract entails the manufacturing of fifteen EN156 Envision make 353 MT Windmill Towers designed for 3.3MW windmills. The execution of this order is scheduled to be completed by January 2027, providing a clear timeline for revenue recognition.

Order Details and Payment Terms

The order value of ₹64 Crores is inclusive of GST. The agreement outlines specific payment terms structured around the project's progress. Ganeko Solar will provide 25% of the payment as an advance against a reducing balance Advance Bank Guarantee (ABG). Subsequently, 55% of the payment is due upon material readiness, with the remaining 20% payable within 15 days from the invoice date.

Warranty and Specifications

The contract includes a warranty period of 24 months commencing from the ex-works readiness date. The technical specifications require the manufacturing of towers with a capacity of 353 MT, specifically tailored for 3.3MW wind energy generation. The following table summarises the key details of the order:

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.