Engineering solutions provider DEE Development Engineers Ltd announced a significant leadership change on Wednesday, January 7, with its board of directors approving the resignation of Chief Financial Officer Sameer Agarwal and the appointment of Brham Prakash Yadav as the new CFO.

Leadership Transition Details

According to a regulatory filing, the board formally accepted Agarwal's resignation from his CFO position, effective from the close of business hours on January 5, 2026. The appointment of Brham Prakash Yadav as his successor took effect from January 7, 2026.

Management Commentary

KL Bansal, Chairman and Managing Director of DEE Development Engineers Limited, highlighted Yadav's qualifications for the role. "Brham brings a comprehensive blend of financial discipline, operational insight, and leadership acumen across large manufacturing enterprises," Bansal stated. He emphasized Yadav's extensive experience with capital-market transactions, including IPOs, private equity, mergers and acquisitions, and complex capital-raising activities, combined with his demonstrated ability to enforce cost and cash discipline.

Bansal noted that these capabilities will be instrumental as DEE scales operations and explores new growth opportunities both domestically and internationally.

New CFO's Vision

Brham Prakash Yadav expressed his commitment to the new role, stating: "I look forward to collaborating with the leadership team to further strengthen financial governance, enhance capital efficiency, and support disciplined, sustainable growth aligned with the company's strategic priorities and stakeholder interests."

Recent Financial Performance

The leadership change comes amid mixed financial results for the company in Q2FY26. DEE Development Engineers reported contrasting performance metrics during the quarter:

While the company achieved significant revenue growth of 39.1% year-on-year, reaching ₹270.00 crore, consolidated net profit declined by 20.1% to ₹17.80 crore. However, profit before tax showed strong improvement, increasing 85.4% year-on-year to ₹22.34 crore from ₹12.13 crore in the previous year.

Market Response

Shares of DEE Development Engineers Ltd closed at ₹207.15 on January 7, declining ₹2.78 or 1.32% for the trading session. The appointment was made following proper governance procedures, with recommendations from both the Nomination and Remuneration Committee and the Audit Committee.

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.

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.

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.

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.