dee development engineers has announced that its wholly owned subsidiary, DEE Fabricom India Private Limited, has secured a substantial domestic order worth Rs 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 Terms

The order value of Rs 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 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.

DEE Development Engineers Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice dated June 03, 2026, following observations from BSE Limited and the National Stock Exchange of India Limited. The company seeks shareholder approval for a preferential issue of equity shares to raise ₹300 crore. The EGM is scheduled to be held on June 27, 2026, at 01:00 P.M. IST via video conferencing.

The Fund-Raising Committee of the Board approved the issuance of up to 59,76,096 equity shares with a face value of ₹10 each at an issue price of ₹502 per share. The total issue size aggregates to ₹300,00,00,192, and the allotment will be made on a private placement basis. The corrigendum details the revised shareholding structure and the list of proposed allottees, which includes institutional investors and individuals. The company published the corrigendum in the Financial Express (All India editions) and Satyajay Times (Palwal edition) on June 20, 2026.

Shareholding Pattern

The preferential issue will alter the company's shareholding structure. Promoters and Promoter Group holding will decrease from 70.18% to 65.13%, while Non-Promoter Holding will increase from 29.82% to 34.87%. The post-preferential share capital will be ₹75,23,94,380 divided into 7,52,39,438 Equity Shares.

Proposed Allottees

The company has identified 24 proposed allottees. Key investors include Krishan Lalit Bansal (Promoter), Kotak Mahindra Trustee Co Limited, WhiteOak Capital Equity Fund, and ValueQuest India G.I.F.T. Fund. Other notable names include 360 ONE PIPE Fund, Finavenue Capital Trust – Finavenue Growth Fund, and Ashoka WhiteOak ICAV – Ashoka Whiteoak Emerging Markets Equity Fund.

Key Issue Details

The issue price was determined in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Kapil Kumar & Co., Practicing Company Secretaries, has certified that the preferential issue complies with regulatory requirements. The company noted that a valuation report is not required as the conditions of Regulation 166A of SEBI ICDR Regulations, 2018, are not triggered.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE841L01016/a1c999ab-60c4-4ee8-90ab-28daf0ffe293.pdf