DMR Engineering Limited has expanded its international footprint by incorporating a wholly-owned step-down subsidiary, DMR Services Private Limited, in Thimphu, Bhutan. The strategic move aims to provide engineering and technical consultancy services in the Bhutanese market. DMR Engineering holds a 70% shareholding in the newly formed entity, which has been registered under the Corporate Regulatory Authority of Bhutan.

The incorporation was disclosed to the BSE SME Platform on June 19, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the subscription to shares does not fall within the ambit of related party transactions, and no promoter or group companies hold any interest in DMR Services.

DMR Services is engaged in the business of providing engineering and technical consultancy services, aligning with DMR Engineering's main line of business. The subsidiary has an authorised capital of BTN 40,00,00,000, divided into 40,00,000 shares of BTN 100 each. The paid-up capital stands at BTN 2,50,00,000, divided into 2,50,000 shares of BTN 100 each.

The acquisition was completed through a cash consideration for the subscription of 70% of the shares. DMR Engineering subscribed to 1,75,000 shares of BTN 100 each, aggregating to a total cost of BTN 1,75,00,000. The entity is yet to commence business operations, and therefore, turnover figures are not currently applicable.

Key Details of DMR Services Private Limited

DMR Engineering Limited has fixed Monday, June 22, 2026, as the record date to determine shareholder eligibility for the payment of a final dividend for the financial year ended March 31, 2026. The dividend of ₹0.14 per equity share is subject to the approval of shareholders at the Annual General Meeting (AGM) scheduled for June 30, 2026. If approved, the dividend will be paid within 30 days from the date of the AGM, subject to tax deduction at source.

The AGM will be held on Tuesday, June 30, 2026, at 11:30 a.m. via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting will consider the adoption of audited standalone and consolidated financial statements for FY26. Shareholders will also vote on the re-appointment of Mrs. Rachana Agrawal as an Independent Director for a term of five years and the appointment of Mr. Divay Mittal, Mr. Arvind Bhat, and Mr. Man Mohan Madan to the Board.

Financial Performance

The company reported a 43.94% decline in net profit to ₹95.63 lakh for FY26, compared to ₹170.59 lakh in the previous year. Revenue from operations decreased by 2.01% to ₹1,025.80 lakh from ₹1,046.85 lakh in FY25. Total expenses for the year rose to ₹926.16 lakh from ₹858.57 lakh in the prior year.

Corporate Agenda

Shareholders will vote on the amendment of the Object Clause of the Memorandum of Association to include Engineering Consulting, EPC Services, Power Trading, and Renewable Energy Power Generation. The meeting also seeks approval for material related party transactions with DM Consulting Engineers Private Limited for an aggregate value not exceeding ₹2 crore for FY27.

Meeting Procedures

Remote e-voting will be provided by National Securities Depository Limited (NSDL). The e-voting period begins on June 27, 2026, at 9:00 a.m. and ends on June 29, 2026, at 5:00 p.m. Members holding shares in physical or dematerialized form as of the cut-off date of June 27, 2026, are eligible to vote.