DEE Development Engineers Limited has disclosed securing significant contract awards aggregating INR 173 crores under Regulation 30 of SEBI Listing Regulations. The regulatory disclosure confirms that the contract portfolio comprises both domestic and international orders secured by the company and its material subsidiary, positioning the engineering firm for substantial business growth across multiple market segments.

Contract Portfolio Overview

The total contract value of INR 173 crores is distributed across domestic and international operations. The company secured domestic contracts worth INR 88 crores on job work basis, while its material subsidiary M/s DEE Piping Systems (Thailand) Co., Ltd. obtained international contracts valued at US$ 8.00 million on job work basis and US$ 1.50 million with material basis.

Domestic Contract Details

The domestic contract portfolio includes three significant orders totaling INR 88 crores. Bharat Heavy Electrical Limited awarded a contract worth INR 26 crores for manufacturing critical piping solutions, specifically involving supply of headers and vessels. This letter of intent covers manufacturing and supply of critical piping solutions on job work basis with delivery scheduled within a year.

A second domestic contract valued at more than INR 42 crores has been secured from a joint venture between an Indian and foreign conglomerate in the power sector. This contract involves manufacturing critical piping solutions on job work basis, with delivery expected within a year. Additionally, a third domestic contract worth more than INR 20 crores has been awarded by an Indian conglomerate in the power sector for manufacturing piping solutions, with delivery scheduled within 6 to 8 months.

International Subsidiary Operations

DEE Piping Systems (Thailand) Co., Ltd., the company's material subsidiary, secured contracts worth US$ 9.50 million from a US-based original equipment manufacturer in the power sector. The international contract portfolio encompasses two distinct components with varying delivery timelines.

The HRSG piping manufacturing contract involves production for 11 units on job work basis, while the pipe fittings and flanges component covers 7 units with material basis. These contracts demonstrate the subsidiary's capability to handle complex international projects with extended delivery schedules.

Regulatory Compliance and Disclosure

The contract awards have been disclosed pursuant to Regulation 30 of SEBI Listing Regulations, ensuring transparency for stakeholders. The disclosure was signed by Ranjan Kumar Sarangi, Company Secretary and Compliance Officer, and includes comprehensive details as required under SEBI circular guidelines. All contracts confirmed no promoter group interest in the awarding entities and do not constitute related party transactions.

The contract wins across domestic and international markets reinforce the company's position in critical piping solutions and power sector manufacturing. With delivery schedules extending through December 2028, these contracts provide substantial revenue visibility for the engineering company and its subsidiary operations.

DEE Development Engineers Limited has submitted a rectified Independent Auditor's Review Report for its Q3FY26 unaudited financial results to stock exchanges, addressing a technical compliance issue while maintaining all original financial data unchanged.

Rectification Details

The company filed the corrected auditor's review report on February 11, 2026, after discovering that the UDIN (Unique Document Identification Number) was inadvertently omitted from the original filing submitted on February 3, 2026. The rectification specifically addresses this technical oversight without altering any financial information.

The company emphasized that no other information, figures, disclosures, or financial results have been altered, rectified, modified, or omitted in the revised submission.

Q3FY26 Consolidated Financial Performance

The company's consolidated financial results for the quarter ended December 31, 2025, demonstrate significant growth across key metrics compared to the previous year.

Standalone Financial Results

The standalone financial performance also showed robust improvement, with the company achieving profitability after the previous year's losses.

Segment Performance Analysis

The company operates across multiple business segments, with the piping division being the primary revenue contributor.

Consolidated Segment Revenue (Q3FY26):

• Piping Division: ₹24,365.62 lacs
• Heavy Fabrication: ₹3,110.48 lacs
• Power Division: ₹1,214.63 lacs
• Unallocated: ₹317.84 lacs

Regulatory Compliance and Auditor Information

The rectified auditor's review report includes the corrected UDIN: 26096333PAVBCP7425 for consolidated results and 26096333CUOTQD5331 for standalone results. S.R. Batliboi & Co. LLP served as the statutory auditors, with Partner Rajeev Sawhney (Membership No.: 096333) signing the reports.

The company confirmed that the revised financial results are available on its website at www.deepiping.com and will be accessible through BSE and NSE websites as per regulatory requirements.