Deepak Builders & Engineers India Limited has fixed Friday, June 19, 2026 as the record date for determining the eligibility of equity shareholders for the sub-division of shares. The split will convert each equity share with a face value of ₹10 into 10 equity shares of ₹1 each, fully paid-up. This corporate action follows the approval of shareholders through a postal ballot process concluded on June 2, 2026, aimed at enhancing liquidity by increasing the number of shares in circulation.

The postal ballot e-voting period commenced on May 4, 2026, and concluded on June 2, 2026. A total of 33,574,981 votes were exercised regarding the sub-division of shares, with 33,574,602 votes cast in favour and 379 against. No physical postal ballots were received during the process. The Scrutinizer, Rajeev Bhambri, a Company Secretary in whole-time practice, confirmed the resolution was passed with the requisite majority.

In addition to the stock split, members approved an increase in the authorised share capital. Consequently, the Capital Clause of the Memorandum of Association of the Company will be altered to reflect this change. For the resolution concerning the increase in authorised share capital, 33,574,694 votes were cast in favour and 287 votes were cast against.

The filing regarding the record date was submitted to the stock exchanges pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Anil Kumar, Company Secretary & Compliance Officer of Deepak Builders & Engineers India Limited.

Key Resolutions Approved

Deepak Builders & Engineers India Limited announced the resignation of Mr. Kashish Mittal from his position as Non-executive Independent Director effective the close of business hours on June 02, 2026. The resignation follows his disclosure regarding pre-occupation with work and other personal commitments. This development impacts the company's board composition and committee structure immediately.

Mr. Kashish Mittal confirmed that there are no material reasons for his resignation other than those detailed in his resignation letter. As a consequence of stepping down from the board, he has also ceased to hold the positions of Chairman and Member of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee. The company disclosed that he does not hold directorships in any other listed entities.

The resignation was submitted to the Board of Directors on June 02, 2026. In his disclosure of interests, Mr. Mittal listed his associations with Blendnet Tech Solutions Pvt. Ltd. and Apkasa Technologies Pvt. Ltd. as a Promoter in both entities. The company has processed the resignation in accordance with the relevant regulations.

Details of Resignation

Committee Vacancies

With the exit of Mr. Mittal, the company will see vacancies in key board committees. He served as the Chairman and Member of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee. The company has not yet announced appointments to fill these roles.