AGM/EGM18 Jun 2026, 03:53 pm
Dee Development Engineers Approves EGM Notice Corrigendum
AI Summary
Dee Development Engineers Ltd announced that its Fund Raising Committee has approved a corrigendum to the notice of its Extraordinary General Meeting (EGM). The EGM, scheduled for June 27, 2026, will discuss the issuance of Equity Shares via a preferential issue on a private placement basis. The corrigendum addresses clarifications requested by stock exchanges regarding this preferential issue. The company plans to issue up to 59,76,096 Equity Shares at ₹502 per share, raising approximately ₹300 crore. The meeting commenced at 3:00 PM and concluded at 3:40 PM IST.
Key Highlights
- Fund Raising Committee approved corrigendum for EGM notice.
- EGM on June 27, 2026, to discuss preferential share issuance.
- Up to 59.76 lakh shares to be issued at ₹502 each.
- Total fundraise target of approx. ₹300 crore.
- Corrigendum addresses stock exchange clarifications.
Price Impact
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