Dee Development Engineers Approves Share Capital Increase & Director Pay Hike
Dee Development Engineers Ltd's Board of Directors met on August 4, 2026, approving several key resolutions. These include reclassifying and increasing the authorized share capital from ₹85 crore to ₹95 crore, comprising 9.5 crore equity shares of ₹10 each. The board also approved a significant increase in the remuneration of Ms. Shikha Bansal, Whole-Time Director, from ₹38.49 Lakhs to ₹1.38 Crore per annum, effective April 1, 2026, subject to member approval. Additionally, a related party transaction was approved for office premises rental to Atul Krishan Bansal (AKB) Foundation, and Ms. Ashvika Bansal was appointed as CSR Head. The board also approved the potential issuance of equity shares upon conversion of a ₹2,000 Crore loan facility and the continuation of Mr. Bhisham Kumar Gupta's directorship beyond age 75.
Key Highlights
- Authorized share capital increased to ₹95 crore.
- Whole-Time Director Shikha Bansal's remuneration hiked to ₹1.38 Cr.
- Related party transaction for office premises rental approved.
- Approval for equity issuance upon loan conversion.
- Continuation of Independent Director beyond 75 years approved.
Price Impact
More from DEEDEV