Dilip Buildcon Shareholders Approve Material Related Party Transactions with Subsidiary

Dilip Buildcon Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving material related party transactions with subsidiary company DBL ERCP Bandh Baretha Private Limited. The company disclosed the voting results on January 20, 2026, pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution Details and Approval

The ordinary resolution sought shareholder approval for material related party transactions under Regulation 23 of SEBI (LODR) Regulations, 2015, between the company and its subsidiary DBL ERCP Bandh Baretha Private Limited. The promoter and promoter group were not interested in this particular agenda item, ensuring independent shareholder decision-making.

The e-voting process concluded on January 17, 2026, with the resolution being passed with the requisite majority. Company Secretary Abhishek Shrivastava signed the disclosure document on January 20, 2026.

Comprehensive Voting Results

The postal ballot witnessed significant participation across all shareholder categories, with detailed voting patterns reflecting strong overall support:

Category	Total Shares	Votes Polled	Polling %	Votes in Favour	Votes Against	Support %
Promoter and Promoter Group	102,571,368	102,571,259	99.9999%	102,571,259	0	100.0000%
Public - Institutions	12,713,091	6,983,574	54.9321%	3,648,885	3,334,689	52.2495%
Public - Non Institutions	47,160,374	16,259,965	34.4780%	16,259,947	18	99.9999%
Total	162,444,833	125,814,798	77.4508%	122,480,091	3,334,707	97.3495%

Shareholder Participation Analysis

The voting results demonstrate varied participation levels across different shareholder categories. The promoter and promoter group showed near-complete participation at 99.9999% of their holdings, with unanimous support for the resolution. Public non-institutional shareholders exhibited strong support with 99.9999% of polled votes in favour, though their participation rate was 34.48%.

Institutional shareholders showed mixed sentiment, with 54.93% participation but only 52.25% of polled votes supporting the resolution. Despite this division among institutions, the overall result reflected strong shareholder confidence in the proposed transactions.

Regulatory Compliance and Transparency

The postal ballot process was conducted entirely through remote e-voting, ensuring accessibility for all shareholders. The company has made the complete voting results available on its official website at www.dilipbuildcon.com , maintaining transparency in corporate governance practices.

The resolution's passage enables Dilip Buildcon Limited to proceed with the approved material related party transactions with DBL ERCP Bandh Baretha Private Limited, subject to the terms and conditions outlined in the original postal ballot notice dated December 18, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.86%	+0.02%	-0.10%	-5.74%	+6.76%	+9.23%

Dilip Buildcon Limited has secured a significant transmission infrastructure project in Karnataka, marking another milestone in the company's infrastructure development portfolio. The company announced on December 26, 2025, that it has been selected as the successful bidder by REC Power Development and Consultancy Limited (RECPDCL) for establishing transmission infrastructure in Belagavi District.

Project Overview

The project involves the establishment of a 400/220/33kV AIS sub-station at Mekhali along with associated 400kV and 220kV transmission lines. Dilip Buildcon will execute this project on a Build, Own, Operate and Transfer (BOOT) basis under the Tariff Based Competitive Bidding (TBCB) route.

Project Parameter:	Details
Project Value (EPC):	₹1,850.00 crores (without GST)
Contract Period:	35 years from Commercial Operation Date
Execution Timeline:	24 months from Effective Date
Location:	Mekhali, Belagavi District, Karnataka
Model:	Build, Own, Operate and Transfer (BOOT)

Scope of Work

The comprehensive project scope encompasses multiple phases of infrastructure development. Dilip Buildcon will be responsible for development, financing, design, engineering, procurement, construction, testing, commissioning, operation and maintenance of the transmission assets. The company will acquire 100% equity of the Project SPV and act as Transmission Service Provider (TSP) for the development, ownership, operation, and maintenance of the Intra-State Transmission System.

Project Structure and Timeline

RECPDCL is acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka for this domestic infrastructure project. The project will be executed under a tariff-based annuity model, providing long-term revenue visibility for the company. Construction and commissioning activities must be completed within the stipulated 24-month timeline from the Effective Date as per the agreement terms.

Technical Specifications

The transmission infrastructure will feature advanced technical capabilities to serve Karnataka's power distribution network:

400/220/33kV Air Insulated Switchgear (AIS) sub-station
Associated 400kV transmission lines
Associated 220kV transmission lines
Complete testing and commissioning infrastructure
Long-term operation and maintenance systems

Regulatory Compliance

Dilip Buildcon has fulfilled all regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also implemented trading window restrictions for insiders, designated persons, and connected parties for 48 hours from the date of public disclosure, ensuring compliance with insider trading regulations.