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.

Shareholders of deepak builders & engineers India Limited have approved the sub-division of the company's equity shares from a face value of ₹10 to ₹1 per equity share. The resolution was passed by the requisite majority through a postal ballot process on June 2, 2026. This corporate action aims to enhance the liquidity of the shares by increasing their number in circulation while reducing the face value.

In addition to the stock split, the members approved an increase in the authorised share capital of the company. Consequently, the Capital Clause of the Memorandum of Association of the Company will be altered to reflect this change. The voting results of the postal ballot, along with the Scrutinizer's Report, were submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot e-voting commenced on May 4, 2026, and concluded on June 2, 2026. A total of 33,574,981 votes were exercised for the resolution regarding the sub-division of shares. Of these, 33,574,602 votes were cast in favour, while 379 votes were cast against. No physical postal ballots were received during the process.

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 Scrutinizer, Rajeev Bhambri, a Company Secretary in whole-time practice, confirmed that both resolutions were passed with the requisite majority. The filing was made by Anil Kumar, Company Secretary & Compliance Officer of Deepak Builders & Engineers India Limited.

Key Resolutions Approved