Dee Development Engineers Ltd

DEE Development Engineers Limited — Trading Window closed from 1 October 2026 till 48 hours after declaration of unaudited financial results for the quarter ended 30 September 2026

Key AGM resolutions

• Approved audited standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointed Ms. Shikha Bansal, retiring by rotation, for re-appointment.
• Re-appointed Mrs. Shruti Aggarwal, retiring by rotation, for re-appointment.
• Final dividend of ₹1 per equity share for FY2025-26 declared.
• Ratified JSN & Co. as cost auditors for FY2026-27.
• Increased authorized share capital from ₹85 cr to ₹95 cr; MOA amended.
• Approved conversion of outstanding Bank of India loan and lenders into equity on default.
• Continuation of Bhisham Gupta, Independent Director, beyond 75 approved until July 11, 2028.

AGM Details

• Held on 23 September 2026 at 02:00 PM IST via VC/OAVM.
• Record date for entitlement: 16 September 2026.
• Total shareholders on record: 44,911.
• Attendance: 109 via VC; promoter 2; public 107.

Key resolutions and outcomes

• Adoption of audited standalone and consolidated financial statements; ordinary; passed with 99.46% in favour.
• Re-appointment of Shikha Bansal; ordinary; passed with 99.999% in favour.
• Re-appointment of Shruti Aggarwal; ordinary; passed with 99.999% in favour.
• Final dividend of ₹1 per equity share; ordinary; approved.
• Ratification of cost auditor remuneration for FY2026-27; ordinary; passed.
• Reclassification and increase in authorised share capital to ₹95 crore; ordinary; passed.
• Revision in remuneration of Shikha Bansal (WTD); special; passed with 71.08% in favour.
• Conversion of defaulted loan into equity; special; passed with 99.53% in favour.
• Continuation of Bhisham Gupta beyond age 75; special; passed with 96.9% in favour.

Dividend

• Final dividend of ₹1 per equity share for FY2025-26.

Director changes

• Shikha Bansal re-appointed as director (retire-by-rotation).
• Shruti Aggarwal re-appointed as director (retire-by-rotation).
• Continuation of Bhisham Gupta as NED beyond 75 approved.

Auditors and remuneration

• Cost Auditor remuneration ratified for FY2026-27.

Material related party transactions

• No material related party transactions reported.

Other material approvals

• Capital actions approved: increased authorised capital; loan-to-equity conversion approved.
• Director continuation approved for Bhisham Gupta.

AGM Details

• Held on Sep 23, 2026 at 02:00 PM via VC/OAVM; concluded 02:56 PM.
• Quorum: 109 members; Chair: Ms. Shikha Bansal (WTD).

Resolutions Put to Vote

• Adoption of audited standalone and Consolidated financial statements for FY2025-26.
• Re-appointment of Shikha Bansal (retiring by rotation).
• Re-appointment of Shruti Aggarwal (retiring by rotation).
• Declaration of final dividend of ₹1 per equity share.
• Ratification of remuneration of M/s JSN & Co., Cost Auditors, for FY2026-27.
• Reclassification and increase in authorised share capital from ₹85 crore to ₹95 crore; MOA amendment.
• Revision in remuneration of Shikha Bansal, WTD, with effect from 01 Apr 2026.
• Approval for conversion of outstanding loan from Bank of India and lenders into equity on default.
• Continuation of Bhisham Kumar Gupta as Independent Director beyond age 75.
• Voting results to be disseminated; final outcome to stock exchanges.

Auditors

• Cost Auditor remuneration ratified for FY2026-27.

Capital & Corporate Actions

• Capital reclassification and increase in authorised capital to ₹95 crore; MOA amendment.
• Loan-to-equity conversion upon default approved.

Directors & KMP Changes

• Shikha Bansal re-appointed as Whole-time Director.
• Shruti Aggarwal re-appointed as Whole-time Director.
• Bhisham Kumar Gupta continued as Independent Director beyond age 75.

Meeting Details

• Date: Monday, 28 September 2026.
• Meeting Type: Online (group).
• Organiser/Event: Arihant Bharat Connect Conference — Rising Stars 2026.
• Venue: Virtual.
• Purpose: Analyst/Institutional Investor Meet.

Meeting Details

• Date: 30 September 2026.
• Event: Investors/Analysts Plant Visit at Anjar Plant, Gujarat.
• Organiser: DEE Development Engineers Limited.
• Mode: physical plant visit.
• Purpose: investor/analyst interaction during the visit.

Participants

• Key company participants: Company Secretary and Compliance Officer.

Order book & tariff updates

• Opening order book (Aug 1, 2026): ₹2,428.20 cr; Closing (Aug 31): ₹2,435.61 cr.
• August inflow ₹94.18 cr; executed in August ₹87.37 cr.
• Cumulative FY27 order inflow as of Aug 31: ₹955.46 cr (incl. amendments); ₹972.62 cr (excl. amendments).
• Cumulative FY27 orders executed as of Aug 31: ₹461.55 cr.
• Malwa Power tariff final: ₹5.437/kWh for FY27; APTEL appeal filed.
• Projected FY27 revenue: ₹47.71 cr, including ₹23.4 cr from pallet plant.
• DEE Power Division tariff: PSERC order ₹5.877/kWh; High Court stay; PSPCL tariff ₹7.47/kWh; recoveries withheld.
• Revenue recognition under Ind AS 115 may differ from invoiced amounts due to transfer of control and Incoterms.

Order book update August 2026

• Monthly update of order book and execution position for August 2026.
• Opening order book: 2,428.20; August inflow: 95.59; August executed: 70.26; closing: 2,454.12.
• Cumulative FY2026-27 inflow as of Aug 31: 956.87; FY27 total inflow: 972.62; executed: 444.45.

FY27 revenue outlook

• Projected FY27 revenue: ~₹47.71 crores, including ₹23.4 crores from pallet plant.

Tariff and regulatory updates

• PSERC final order: FY26 tariff 5.224/kWh; FY27 tariff 5.437/kWh; appeal to APTEL filed.
• DEE Power tariff revised to Rs 5.877/kWh; HC stay; PSPCL at 7.47/kWh; differential recovery withheld.

Revenue recognition and assumptions

• Revenue recognition under Ind AS 115 may differ from invoiced amounts.
• Order inflow and execution amounts deemed identical for August 2026.