DEE Development Engineers has announced a major business development as its wholly-owned subsidiary, DEE Fabricom India Private Limited, secured a substantial order for windmill towers worth approximately ₹90 crores. The company made this disclosure under Regulation 30 of SEBI Listing Regulations on February 6, 2026.

Order Details

The significant contract encompasses the manufacturing and supply of windmill towers, representing the highest value order in the history of the wholly-owned subsidiary. The order was received through an email with intent for supply from a domestic entity.

Regulatory Disclosure

The company filed the disclosure pursuant to Regulation 30 of SEBI Listing Regulations, providing comprehensive details as required under the master circular. The order represents a significant milestone as it constitutes the highest value contract ever secured by the subsidiary.

Project Timeline and Execution

The work is scheduled to commence in May 2026 and is expected to be completed by January 2027. This timeline provides DEE Fabricom India Private Limited with a clear execution roadmap spanning approximately nine months for the manufacturing and delivery of the windmill towers.

Business Impact

This order represents a significant business milestone for DEE Development Engineers, strengthening its position in the renewable energy infrastructure segment through its subsidiary operations. The contract demonstrates the company's growing capabilities in wind power generation equipment manufacturing.

The substantial order value of ₹90 crores is expected to contribute meaningfully to the company's revenue stream during the execution period, reinforcing its presence in the expanding wind energy sector.

DEE Development Engineers Limited announced that its Board of Directors has approved the unaudited financial results for Q3FY26 and nine-month period ended December 31, 2025, in compliance with SEBI Listing Regulations. The integrated process piping solutions provider reported exceptional performance with significant growth across all key financial metrics.

Board Meeting and Regulatory Compliance

The Board of Directors meeting held on February 3, 2026, considered and approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025. The results have been reviewed by the Audit Committee and approved by the Board, with statutory auditors conducting a limited review. The meeting commenced at 10:30 AM and concluded at 1:10 PM.

Investor Presentation Correction

On February 5, 2026, the company filed a rectification notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, addressing inadvertent errors in the investor presentation for Q3FY26. Company Secretary and Compliance Officer Ranjan Kumar Sarangi communicated the corrections to BSE Limited and National Stock Exchange of India Limited.

The corrections involved adjusting Operating EBITDA for the one-time liability of ₹4.20 crore on account of new labor code in both December 2025 quarter and nine-month period. The footnote regarding EBITDA loss from core business was corrected to read ₹6.40 crore.

Strong Q3FY26 Financial Performance

The company delivered impressive revenue growth during Q3FY26, driven by healthy execution momentum in the Piping & Fittings segment and strong supplies to the Oil & Gas sector. The revenue performance reflects enhanced business execution capabilities and strengthened market demand.

Exceptional Profitability Turnaround

DEE Development Engineers achieved remarkable profitability improvements, with the company successfully transforming its financial position from losses to substantial profitability. The consolidated results show a significant turnaround in net profit.

Nine-Month Performance Highlights

The nine-month performance for FY26 demonstrates sustained growth momentum across revenue and profitability metrics, indicating consistent operational excellence throughout the financial year.

Regulatory and Operational Updates

The company reported a one-time operational impact of ₹42.18 crore (consolidated) and ₹34.66 crore (standalone) due to implementation of new labor codes, classified as exceptional items. The corrected investor presentation now properly reflects the ₹4.20 crore adjustment in Operating EBITDA calculations for this labor code liability.

The results also reflect ongoing legal proceedings regarding tariff disputes with Punjab State Power Corporation Limited, with the Hon'ble High Court of Punjab and Haryana staying the regulatory commission's order. The revised financial presentation and results are available on the company's website at www.deepiping.com and on BSE and NSE websites for stakeholder reference.