Deepak Builders and Engineers Ltd Approves Equity Split and Increase in Authorized Share Capital
Deepak Builders and Engineers India Ltd announced that its Board of Directors held a meeting on Tuesday, April 28, 2026, and approved major changes related to the company's share structure. The meeting, which took place via Video Conferencing, commenced at 3:45 P.M. and concluded at 4:30 P.M.The Board approved two key corporate actions, both of which are subject to the final approval of the company's shareholders via Postal Ballot.
Firstly, the Board approved the sub-division or split of the company's existing equity shares. Under this proposal, one (1) existing equity share, which currently has a face value of Rs. 10/- (Rupees Ten only) each and is fully paid-up, will be split into ten (10) equity shares. Each new share will have a face value of Re. 1/- (Rupee One only) and will also be fully paid-up.
Secondly, the directors approved a substantial increase in the company's Authorized Share Capital. This increase requires a consequential alteration of the Capital Clause in the Memorandum of Association.
The proposed changes in the Authorized Share Capital are detailed below:
| Parameter | Before Increase | After Increase |
|---|---|---|
| Authorized Share Capital | Rs. 55,00,00,000 (Fifty-Five Crores Only) | Rs. 65,00,00,000 (Sixty-Five Crores Only) |
| Total Shares | 55,00,00,000 (Fifty-Five Crore) | 65,00,00,000 (Sixty-Five Crore) |
| Face Value Per Share | Re. 1.00/- (Rupee One Only) | Re. 1.00/- (Rupee One Only) |
The Board of Directors confirmed that the company will issue a Postal Ballot Notice seeking the members' approval for both the proposed sub-division/split of Equity Shares and the increase in the Authorized Share Capital, along with the consequential alteration of the Capital Clause of the Memorandum of Association.
DBEIL Stock Price Movement
Shares of Deepak Builders & Engineers India Limited today slipped by 0.91% to settle at ₹83.34, down ₹0.77 in trading. The stock’s session was characterized by a total traded volume of 107,859 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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