DEE Development Engineers Limited Approves Capital Restructuring, Director Remuneration Hike, and CSR Head Appointment

DEE Development Engineers Limited Approves Capital Restructuring, Director Remuneration Hike, and CSR Head Appointment​

DEE Development Engineers Limited, a manufacturing company, has finalized several key corporate decisions following its Board of Directors meeting held on August 4, 2026. The board approved a significant increase in the authorized share capital and reviewed various operational and governance matters, including a related party transaction, directorial re-appointments, and the appointment of a new CSR Head.

Capital Structure and Financial Approvals​

The Board reviewed and approved reorganizing the company's existing Authorized Share Capital and increasing it. The previous structure, which included 78,50,000 Equity Shares and 62,50,000 Preference Shares (both at Rs 10 each), is being increased to meet future growth plans.

The authorized share capital was raised from Rs 85,00,00,000 into Rs 95,00,00,000. This increase involves issuing a total of 9,50,00,000 equity shares at a face value of Rs 10 each.

A material transaction related to the company's financing was also approved. The Board sanctioned the proposed issuance and allotment of Equity Shares, face valued at Rs 10 each, contingent upon the conversion of an outstanding loan facility amounting to Rs 2,000 Crores. This facility is held by Bank of India (Lead Bank) and a Consortium of Lenders, which possess the option to convert part or all of the principal amount into equity shares in the event of default.

Key Personnel Decisions and Transactions​

The Board addressed several changes concerning directors and related party transactions:

Director Remuneration:
Ms. Shikha Bansal, Whole Time Director (WTD), was approved for an increase in her managerial remuneration. The compensation increased from Rs 38.49 Lakhs to Rs 1.38 Crore per annum, subject to approval by the Members of the Company through a Special Resolution.

Related Party Transaction:
The Board approved a Related Party Transaction wherein Ms. Shikha Bansal is set to rent office premises located at SCO 222 and SCO 223 in Omaxe World Street. The premises will be rented out to Atul Krishan Bansal (AKB) Foundation for an initial period of 11 months, with a combined monthly rent not exceeding Rs 70,000.

New Appointment:
Ms. Ashvika Bansal was appointed as the Corporate Social Responsibility (CSR) Head effective August 4, 2026. Ms. Bansal's remuneration is set at Rs 2,40,000 per month. The Board noted that she is a relative of a director in the company.

Director Continuity and Re-appointments​

The board confirmed several existing directors’ terms:

• Mr. Bhisham Kumar Gupta: The continuation of his directorship as an Independent Director beyond the age of 75 was approved until July 11, 2028. Mr. Gupta holds nearly 47 years of experience in the Mechanical Industry and is associated with NAM Securities Limited.
• Ms. Shikha Bansal: She was re-appointed as a Whole-time Director liable to retire by rotation for five years, from November 1, 2025, to October 31, 2030. Ms. Bansal is part of the Promoter Group.
• Mrs. Shruti Aggarwal: She was re-appointed as a Whole-time Director liable to retire by rotation for five years, from April 14, 2025, to April 13, 2030. Mrs. Aggarwal is also part of the Promoter Group.

Governance and Committee Reconstitution​

The Board took steps to ensure robust corporate governance structures are in place. The Stakeholders Relationship Committee (SRC) and the Corporate Social Responsibility (CSR) Committee were re-constituted with immediate effect. The new compositions include Mr. Krishan Lalit Bansal as Chairperson of the SRC.

Furthermore, the Board authorized Mr. Krishan Lalit Bansal, Chairman & Managing Director, and Mr. Ranjan Kumar Sarangi, Company Secretary, to manage all matters pertaining to convening and conducting the company's 37th Annual General Meeting for FY 2025-26.

DEEDEV Stock Price Movement​

Shares of DEE Development Engineers Limited are shedding 5.00% in live trading, currently hovering around ₹657.75 as of 12:27 PM. The stock traded a volume of 223,808 shares during the session.