Deepak Builders & Engineers India Limited has initiated a postal ballot to secure shareholder approval for the appointment of Baldev Krishan Bassi as a Non-Executive, Independent Director. The resolution is critical for finalizing the Board composition, as Bassi’s appointment requires ratification under SEBI Listing Regulations due to his age and independent status. Shareholders holding shares as of the cut-off date of July 24, 2026, are eligible to cast their votes remotely between July 31, 2026, and August 29, 2026. This process ensures compliance with corporate governance norms while leveraging Bassi’s expertise in civil engineering project management.

The Board of Directors approved Bassi’s initial appointment as an Additional Director effective July 24, 2026, following recommendations from the Nomination and Remuneration Committee. However, pursuant to Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the appointment must be confirmed by members via a Special Resolution. Additionally, under Regulation 17(1A), specific shareholder approval is required because Bassi attained the age of 75 years on July 24, 2026. The company engaged KFin Technologies Limited as the Registrar and Transfer Agent to facilitate the remote e-voting process, ensuring compliance with Section 110 of the Companies Act, 2013.

Key Voting Details

The voting rights are proportional to the paid-up equity share capital held by members as of the cut-off date. Physical copies of the ballot forms are not being dispatched; instead, the notice is being sent electronically to members who have registered email addresses with the company, depositories, or the RTA. Members without registered emails are advised to update their details with their Depository Participants or directly with KFin to participate in the voting process.

Candidate Profile and Governance Implications

Baldev Krishan Bassi brings extensive experience in project planning, management, quality control, and third-party inspection of civil engineering projects. He holds a BSc in Civil Engineering from Guru Nanak Engineering College, Ludhiana. Currently, he serves as a director in Everon Project Consultant Limited but holds no shares in Deepak Builders & Engineers India Limited. His appointment aims to strengthen the Board’s oversight capabilities in infrastructure and engineering governance.

Rajeev Bhambri, a Practicing Company Secretary, has been appointed as the scrutinizer to ensure the fairness and transparency of the remote e-voting process. His decision on the validity of the votes will be final. The results, along with the scrutinizer’s report, will be declared by the Chairman or an authorized person no later than September 1, 2026, and communicated to the National Stock Exchange of India Limited and BSE Limited.

Deepak Builders & Engineers India Limited has successfully completed the redevelopment of Jalandhar Cantt Railway Station for Indian Railways. The project marks a significant milestone in the company's infrastructure portfolio, demonstrating its capability to execute complex public infrastructure projects. The redeveloped station is now ready for inauguration and features modern passenger amenities, improved circulation facilities, and upgraded platforms.

The station incorporates enhanced accessibility features, contemporary architectural elements, and advanced public utility infrastructure. These upgrades transform the facility into a modern transportation hub, conforming to high standards of engineering excellence, quality, safety, and passenger convenience.

Strategic Impact

The successful completion of this project strengthens Deepak Builders & Engineers India Limited's credentials in the railway and transportation infrastructure sector. It reinforces the company's execution capability for large and technically complex public infrastructure projects.

Future Prospects

Completing this prestigious project enhances the company's eligibility and competitiveness for future railway station redevelopment and infrastructure projects across India. It reflects the company's continued commitment towards nation-building through world-class infrastructure development.

The management believes that finishing such landmark infrastructure projects contributes positively to the company's reputation, stakeholder confidence, and long-term business prospects.