Dee Development Engineers Proposes Preferential Issue of Equity Shares

Dee Development Engineers Ltd announced that its Board of Directors has approved a preferential issue of up to 59,76,096 equity shares at an issue price of ₹502 per share. This includes up to 3,98,406 shares for the Promoter & Promoter Group and up to 55,77,690 shares for the Non-Promoter Category, aggregating to approximately ₹300 crore. The company has also scheduled an Extraordinary General Meeting (EGM) for June 27, 2026, to seek shareholder approval. A Fund-Raising Committee has been formed to oversee the process. Additionally, the Stakeholders' Relationship Committee and CSR committee have been reconstituted, and revisions to Independent Directors' sitting fees were approved.