DEE Development Engineers Appoints Braham Prakash Yadav As Chief Financial Officer
DEE Development Engineers has announced a leadership transition with the appointment of Braham Prakash Yadav as Chief Financial Officer, effective January 7, 2026. The appointment follows the resignation of Sameer Agarwal, who stepped down for personal professional priorities. Yadav, a Chartered Accountant with over 30 years of experience, previously served as CFO at Munjal Auto Industries Limited and brings extensive expertise in finance, treasury management, and automotive sector operations.
*this image is generated using AI for illustrative purposes only.
DEE Development Engineers Limited has announced significant changes to its senior management team following a board meeting held on January 6, 2026. The company disclosed the resignation of its Chief Financial Officer and the appointment of his successor in compliance with regulatory requirements under Regulation 30 of SEBI Listing Regulations.
CFO Resignation Details
The board accepted the resignation of Sameer Agarwal from his position as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on January 5, 2026. In his resignation letter dated January 5, 2026, Agarwal stated that his decision was driven by personal professional priorities and future career plans requiring him to pursue opportunities outside the company.
| Parameter: | Details |
|---|---|
| Effective Date: | January 5, 2026 (after business hours) |
| Reason: | Personal professional priorities and career plans |
| Transition Support: | Committed to smooth handover of responsibilities |
| Company Relations: | No disagreements with operations or governance |
Agarwal confirmed in his resignation letter that his departure was purely personal and not due to any disagreement or concern relating to the company's operations, financial reporting, internal controls, audit processes, governance standards, or compliance framework. He expressed appreciation for the support received during his tenure and committed to ensuring a smooth transition.
New CFO Appointment
The board appointed Braham Prakash Yadav as the new Chief Financial Officer and Key Managerial Personnel, effective January 7, 2026. The appointment was made based on recommendations from both the Nomination and Remuneration Committee and the Audit Committee.
| Qualification: | Details |
|---|---|
| Professional Status: | Chartered Accountant and Cost Accountant |
| Experience: | Over 30 years in finance and accounts |
| Previous Role: | CFO at Munjal Auto Industries Limited (May 2020 onwards) |
| Educational Background: | B.Com. (Hons.) from Delhi University |
Professional Background
Yadav brings extensive experience in finance, accounts, treasury, taxation, internal controls, budgeting, MIS, fund raising, IPOs, mergers and acquisitions, and board-level financial management in large, multi-plant manufacturing organizations, primarily in the automotive sector. His recent association was with Munjal Auto Industries Limited, a listed company, where he served as Chief Financial Officer and Board Member since May 2020.
Prior to this role, Yadav served as AVP-Finance at Hema Engineering Industries Limited from September 2014 to April 2020, where he managed finance operations across six manufacturing plants with an approximate turnover of ₹1,500.00 crore. His career includes senior leadership positions at various organizations including Omax Autos Limited, SIAC SKH Cabs Manufacturing (India) Private Limited, Krishna Maruti Limited, and Lifelong India Limited.
Key Expertise Areas
Yadav's professional expertise encompasses several critical areas including IPO processes and private equity management, fund raising and banking operations, working capital and treasury management, Ind AS and IFRS compliance, internal financial controls and inventory management, financial reporting and consolidation, direct and indirect taxation, and SAP HANA and ERP systems implementation.
| Achievement: | Details |
|---|---|
| Private Debt Funding: | Successfully managed ₹400.00 crore |
| Project Experience: | Multiple plant acquisitions and greenfield projects |
| Cost Optimization: | Implemented strategies across organizations |
| Regulatory Compliance: | Not debarred by any regulatory authority |
Notably, he has successfully managed private debt funding of ₹400.00 crore, handled multiple plant acquisitions, overseen large greenfield and brownfield projects, and implemented cost optimization strategies.
Regulatory Compliance
The board meeting commenced at 5:00 PM and concluded at 5:30 PM on January 6, 2026. The decisions were made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related SEBI circulars. Company Secretary and Compliance Officer Ranjan Kumar Sarangi signed the disclosure documents, ensuring proper regulatory compliance for both the resignation acceptance and new appointment. The company confirmed that Yadav is not debarred from holding the office of Chief Financial Officer by any regulatory authority.
Historical Stock Returns for DEE Development Engineers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.49% | +5.59% | +43.94% | +2.60% | +29.33% | -11.77% |
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
