Dilip Buildcon Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions worth up to ₹1,625.00 crores with its subsidiary company.

Transaction Overview

The company is seeking approval for transactions with DBL ERCP Bandh Baretha Private Limited (DEBBPL), a subsidiary incorporated on November 4, 2025. DEBBPL serves as a Special Purpose Vehicle for executing the construction project of a feeder from Isarda to Khura Chainpur to Bandh Baretha Bharatpur, including all components with operations and maintenance for 20 years under the Hybrid Annuity Model.

E-Voting Schedule

The company has implemented a remote e-voting system through MUFG Intime India Private Limited as the voting agency. The voting timeline is as follows:

Transaction Components

The proposed related party transactions include multiple financial instruments to support DEBBPL's project execution capabilities:

• Direct equity and quasi-equity investments
• Provision of unsecured loans as required
• Corporate guarantees and performance guarantees
• Security arrangements for banking facilities
• Indemnities and comfort letters as needed by lenders

Regulatory Compliance

The transactions fall under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as they exceed the materiality threshold of 10% of the company's annual consolidated turnover.

Governance and Approvals

The Audit Committee approved these transactions on November 13, 2025, after reviewing relevant documentation and mandatory disclosures. The committee confirmed that all transactions will be conducted on an arm's length basis and in the ordinary course of business.

The Board of Directors has appointed M/s Piyush Bindal & Associates, Practicing Company Secretaries, as the scrutinizer for conducting the postal ballot process.

Shareholder Information

Eligible shareholders as of the cut-off date of December 12, 2025, can participate in the e-voting process. The postal ballot notice is available on the company's website at www.dilipbuildcon.com and on stock exchange websites. Physical copies are not being sent in compliance with MCA circulars, with communication conducted entirely through electronic means.

Dilip Buildcon Limited (DBL), a prominent infrastructure company, has recently made headlines with a significant project win and impressive quarterly results. Let's delve into the details of these developments.

New Highway Project Win

Dilip Buildcon has received a Letter of Award from the National Highways Authority of India (NHAI) for a significant highway project in Tamil Nadu. The project involves the 4-laning of the Paramakudi to Ramanathapuram section. Here are the key details of the project:

The project specifically entails the "4 laning of Paramakudi to Ramanathapuram Sec of NH49 New NH87 from Km 80.360 to Km 127.025 DC in Tamil Nadu."

Q2 FY2024 Financial Performance

Dilip Buildcon has reported strong financial results for the second quarter of the fiscal year 2024:

The company's net profit surge was aided by an exceptional gain of ₹169.30 crore. Despite the impressive bottom-line growth, revenue declined due to slower EPC (Engineering, Procurement, and Construction) ordering activity.

Project Completions

Dilip Buildcon has successfully completed several major projects, including:

1. Sections of the Bangalore-Chennai Expressway worth ₹925.00 crore
2. The Raipur-Visakhapatnam Economic Corridor worth ₹680.00 crore

Market Response

The market responded positively to these developments, with Dilip Buildcon's shares closing at ₹481.00, up 0.65%.

This combination of new project wins, strong financial performance, and successful project completions underscores Dilip Buildcon's robust position in the infrastructure sector. The company's ability to secure large-scale projects and improve profitability metrics, even in the face of revenue challenges, demonstrates its resilience and operational efficiency in the competitive infrastructure landscape.