DMR Engineering Ltd Allots Equity Shares Through Bonus Issue in DM Consulting Engineers Private Limited
DMR Engineering Ltd has completed the allotment of equity shares through a Bonus Issue concerning DM Consulting Engineers Private Limited. The company allotted 6,00,000 equity shares, which constitutes 60% of the total shareholding of DM Consulting. Following the bonus issue, DMR Engineering Ltd’s shareholding in DM Consulting remains at 60%.The investment is part of a strategic relationship with DM Consulting, an entity specializing in engineering and infrastructure services. The transaction was structured as a Related Party Transaction and was conducted on an arm's length basis. Mr. Subhash Chander Mittal, Chairman and Managing Director, along with Mrs. Neelam Mittal, Whole-time Director of DMR Engineering Ltd, are the promoters of DM Consulting.
DM Consulting Engineers Private Limited, incorporated in India on December 09, 2014, is engaged in the business of Engineering, Procurement and Consulting Services. Its areas of expertise include new energies, new materials, and performing geophysical studies for numerous infrastructure projects such as hydro/PSP, thermal, solar, wind, nuclear, railways, highways, oil and gas, minerals, dam, roads, tunnels, and mines. The strategic investment is intended to allow DMR Engineering Ltd to venture into new avenues for growth within this sector.
The bonus issue was conducted at a ratio of 10:13; specifically, 10 new fully paid-up equity shares of Rs. 10/- each were issued for every 13 existing fully paid-up equity shares of Rs. 10/- each held by the shareholders on the Record Date.
DM Consulting's financial performance over the last three fiscal years is detailed below:
| Financial Year | Revenue from Operations |
|---|---|
| FY 2023-24 | Rs. 4,00,000/- |
| FY 2024-25 | Rs. 1,18,28,950/- |
| FY 2025-26 | Rs. 2,80,25,400/- |
Additional details regarding the target entity include its authorized capital of Rs. 5,00,00,000/- (divided into 50,00,000 equity shares of Rs. 10/- each) and a paid-up share capital of Rs. 2,30,00,000/- (divided into 23,00,000 equity shares of Rs. 10/- each).
Stock Price Movement
DMR Engineering Ltd settled at ₹32.99 on Wednesday, showing zero movement as trade closed out. The shares spent the entire session completely flat, never moving from their opening price point of ₹32.99.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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