DEE Development Engineers logo

DEE Development Engineers MD, chairman, board of directors and AGM

NSE: DEEDEVBSE: 544198Industrial ManufacturingSmall Cap

Last close ₹534.95down ₹0.50 (0.09%)BSE ₹533.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹535.45.

52-week range of traded prices to 23 Oct 2026
₹183.00Low, 27 Jan 2026₹760.00High, 17 Jun 2026
Market cap
₹4,025 Cr1,040th largest listed
P/E
50.2
P/B
Shares changed
Dividend yield
0.19%
ROE
9.5%
ROCE
9.5%
Debt to equity
0.77
Volume, NSE
3,24,33651.7% delivered

DEE Development Engineers board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorKrishan Lalit Bansal
  • Company Secretary and Compliance OfficerRanjan Kumar Sarangi

6 directors3 independent3 executive

  • Krishan Lalit Bansal · Chairperson and managing directorExecutive · joined Mar 1988 · reappointed Apr 2025 · 1 listed board · 2 committee seats
  • Shruti AggarwalExecutive · joined Apr 2025 · reappointed Apr 2025 · 1 listed board · 1 committee seat
  • Shikha BansalExecutive · joined Dec 2020 · reappointed Nov 2025 · 1 listed board
  • Bhisham Kumar GuptaIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Shilpi BararIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Ashwani Kumar PrabhakarIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Ashima Bansal, left 14 Apr 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 3 Jun 20266 of 6 present3 independent · 12 days in between
    • 21 May 20265 of 6 present3 independent · 106 days in between
    • 3 Feb 20266 of 6 present3 independent · 27 days in between
    • 6 Jan 20265 of 6 present2 independent

  • Audit Committee

    Chair Ashwani Kumar Prabhakar

    Krishan Lalit Bansal, Bhisham Kumar Gupta, Shilpi Barar

    • 2 Jun 20263 of 4 present3 independent · 11 days in between
    • 21 May 20264 of 4 present3 independent
    • 31 Mar 20264 of 4 present3 independent · 55 days in between
    • 3 Feb 20264 of 4 present3 independent
    1 earlier meeting
    • 6 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Shilpi Barar

    Ashwani Kumar Prabhakar, Bhisham Kumar Gupta

    • 21 May 20263 of 3 present3 independent
    • 3 Feb 20263 of 3 present3 independent · 27 days in between
    • 6 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Shilpi Barar

    Krishan Lalit Bansal, Shruti Aggarwal

    • 3 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair Krishan Lalit Bansal

    Shikha Bansal, Shruti Aggarwal

    • 3 Feb 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S.R. Batliboi & Co. LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

DEE Development Engineers AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.DEE Development Engineers dividend history

Annual general meeting, 23 Sep 2026

44,911 shareholders on the register on 16 Sep 2026; present: 2 promoters and 107 others; votes counted by Kapil Kumar / Kapil Kumar & CO.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    Ordinary
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 3.10% · other public 0.29%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  2. Re-appointment of Ms. Shikha Bansal (DIN: 02712175), who retires by rotation and, being eligible, offers herself for re-appointment.
    Ordinary
    99.16% for0.84% against

    Against: promoters 0.00% · institutions 4.82% · other public 0.47%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  3. Re-appointment of Mrs. Shruti Aggarwal (DIN: 08598962), who retires by rotation and, being eligible, offers herself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  4. Declaration of a Final Dividend of Re.1 per equity share of Face value of Rs. 10 each for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  5. Ratification of remuneration of M/s JSN & Co., Cost Auditors, for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  6. Reclassification and increase in the Authorised Share Capital from ₹85 crore to ₹95 crore, and consequential amendment of the Capital Clause of the Memorandum of Association.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  7. Revision in remuneration of Ms. Shikha Bansal, Whole-time Director, with effect from 1st April 2026.
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it
    71.08% for28.92% against

    Against: promoters 0.00% · institutions 50.29% · other public 0.93%

    Turnout: all 23.89% · promoters 15.37% · institutions 74.20% · other public 0.89%

  8. Approval for conversion of whole or part of outstanding loan availed from Bank of India (Lead Bank) and the consortium of lenders into equity shares of the Company, upon occurrence of an event of default.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

  9. Approval for continuation of directorship of Mr. Bhisham Kumar Gupta (DIN: 09493608), Non-Executive Independent Director, beyond the age of 75 years.
    Special
    99.46% for0.54% against

    Against: promoters 0.00% · institutions 3.10% · other public 0.38%

    Turnout: all 78.82% · promoters 99.71% · institutions 74.20% · other public 0.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 27 Jun 2026, 1 resolution

44,061 shareholders on the register on 20 Jun 2026; present: 3 promoters and 89 others; votes counted by Kapil Kumar / Kapil Kumar & CO.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS TO THE POMOTER/PROMOTER GROUP AND NON-PROMOTERS FOR CONSIDERATION IN CASH
    SpecialPromoters have an interest in it
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 54.56%

    Turnout: all 29.38% · promoters 27.58% · institutions 75.40% · other public 1.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 6 resolutions

49,366 shareholders on the register on 19 Sep 2025; present: 3 promoters and 78 others; votes counted by Pragnya Parimita Pradhan / Pragnya Pradhan & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31st, 2025 and the Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    Ordinary
    99.09% for0.91% against

    Against: promoters 0.00% · institutions 4.69% · other public 0.78%

    Turnout: all 87.12% · promoters 100.00% · institutions 93.17% · other public 0.81%

  2. To appoint a Director in place of Mrs. Shikha Bansal (DIN: 02712175), who retires by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    91.14% for8.86% against

    Against: promoters 0.00% · institutions 45.92% · other public 1.13%

    Turnout: all 87.12% · promoters 100.00% · institutions 93.17% · other public 0.81%

  3. To appoint a Director in place of Mrs. Shruti Aggarwal (DIN: 08598962), who retires by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.13%

    Turnout: all 87.12% · promoters 100.00% · institutions 93.17% · other public 0.81%

  4. Ratification of remuneration of Cost Auditors of the Company for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 87.12% · promoters 100.00% · institutions 93.17% · other public 0.81%

  5. Appointment of M/s Kapil Kumar and Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.03%

    Turnout: all 87.12% · promoters 100.00% · institutions 93.17% · other public 0.81%

  6. Re-Appointment of Mrs. Shikha Bansal (DIN: 02712175) as the Whole-Time Director for a term of five (5) years.
    SpecialPromoters have an interest in it
    91.14% for8.86% against

    Against: promoters 0.00% · institutions 45.92% · other public 1.13%

    Turnout: all 87.12% · promoters 100.00% · institutions 93.17% · other public 0.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 20 May 2025, 5 resolutions

50,813 shareholders on the register on 13 May 2025; present: 2 promoters and 85 others; votes counted by Pragnya Parimita Pradhan / Pragnya Pradhan & Associates.The company's voting result (opens in a new tab)

  1. Increase the borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013 up to INR 2,000 Crores
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.00%

    Turnout: all 36.19% · promoters 27.76% · institutions 92.41% · other public 0.32%

  2. Create security / charge on assets of the Company under Section 180(1)(a) of the Companies Act, 2013 in favour of lenders to secure the borrowings.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.00%

    Turnout: all 36.19% · promoters 27.76% · institutions 92.41% · other public 0.32%

  3. Regularisation of Mrs. Shruti Aggarwal (DIN: 08598962), Additional Director as a Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.00%

    Turnout: all 36.19% · promoters 27.76% · institutions 92.41% · other public 0.32%

  4. Appointment of Mrs. Shruti Aggarwal (DIN:08598962) as Whole Time Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.39%

    Turnout: all 36.19% · promoters 27.76% · institutions 92.41% · other public 0.32%

  5. Re-appointment of Mr. Krishan Lalit Bansal as Chairman and Managing Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.00%

    Turnout: all 36.19% · promoters 27.76% · institutions 92.41% · other public 0.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 7 resolutions

Present: 4 promoters and 94 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Statutory Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.49%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the Reportnof the Statutory Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.49%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

  3. To appoint a Whole Time Director in place of Mrs. Shikha Bansal (DIN: 02712175), who retires by rotation, and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.69%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

  4. To appoint a Whole Time Director in place of Mrs. Ashima Bansal (DIN: 01928449), who retires by rotation, and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.66%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

  5. Ratification of remuneration of Cost Auditor for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.63%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

  6. Ratification of DEE Employee Stock Option Plan 2023 ( DEE ESOP 2023 / Plan ).
    Special
    86.01% for13.99% against

    Against: promoters 0.00% · institutions 78.78% · other public 4.76%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

  7. Ratification of the extension of the benefits under the DEE Employee Stock Option Plan 2023 ( DEE ESOP 2023 / Plan ) to the employees of subsidiaryncompanies of the Company.
    Special
    86.01% for13.99% against

    Against: promoters 0.00% · institutions 78.78% · other public 7.40%

    Turnout: all 85.39% · promoters 100.00% · institutions 79.11% · other public 0.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 23 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    2 for0 against
  • Re-appointment of Ms. Shikha Bansal (DIN: 02712175), who retires by rotation and, being eligible, offers herself for re-appointment.
    2 for0 against
  • Re-appointment of Mrs. Shruti Aggarwal (DIN: 08598962), who retires by rotation and, being eligible, offers herself for re-appointment
    2 for0 against
  • Declaration of a Final Dividend of Re.1 per equity share of Face value of Rs. 10 each for the financial year 2025-26.
    2 for0 against
  • Ratification of remuneration of M/s JSN & Co., Cost Auditors, for the financial year 2026-27.
    2 for0 against
  • Reclassification and increase in the Authorised Share Capital from ₹85 crore to ₹95 crore, and consequential amendment of the Capital Clause of the Memorandum of Association.
    2 for0 against
  • Revision in remuneration of Ms. Shikha Bansal, Whole-time Director, with effect from 1st April 2026.
    2 for0 against
  • Approval for conversion of whole or part of outstanding loan availed from Bank of India (Lead Bank) and the consortium of lenders into equity shares of the Company, upon occurrence of an event of default.MoreLess
    2 for0 against
  • Approval for continuation of directorship of Mr. Bhisham Kumar Gupta (DIN: 09493608), Non-Executive Independent Director, beyond the age of 75 years.
    2 for0 against

Mutual fund votes, meeting of 27 Jun 2026, 3 fund houses

  • To create, offer, issue, allot, and deliver, in one tranche, up to 59,76,096 fully paid-up Equity Shares of face value of Rs. 10 each, at an issue price of Rs. 502 per Equity Share (including premium of Rs. 492 per Equity Share), aggregating up to Rs. 300, 00,00,192 /-.MoreLess
    3 for0 against
3 earlier meetings

Mutual fund votes, meeting of 26 Sep 2025, 5 fund houses

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31st, 2025 and the Reports of the Board of Directors and Statutory Auditors thereon.MoreLess
    5 for0 against
  • To appoint a Director in place of Mrs. Shikha Bansal (DIN: 02712175), who retires by rotation, and being eligible, offers herself for re-appointment.
    Against Kotak Mahindra Mutual Fund
    • Kotak Mahindra Mutual FundThe appointee has been on board since 1 December 2020. As we have no concern with profile of the appointee, but She has attended two out of nine (22%) board meetings held in FY25 and fourteen out of twenty-five (56%) board meetings held since FY24. Attendance of Mrs. Sikha Bansal is very low and it is a serious. Hence, we do not favour the resolution.
    4 for1 against
  • To appoint a Director in place of Mrs. Shruti Aggarwal (DIN: 08598962), who retires by rotation, and being eligible, offers herself for re-appointment.
    5 for0 against
  • Ratification of remuneration of Cost Auditors of the Company for the Financial Year 2025-26.
    5 for0 against
  • Appointment of M/s Kapil Kumar and Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company.
    5 for0 against
  • Re-Appointment of Mrs. Shikha Bansal (DIN: 02712175) as the Whole-Time Director for a term of five (5) years.
    Against Kotak Mahindra Mutual Fund
    • Kotak Mahindra Mutual FundThe appointee has been on board since 1 December 2020. As we have no concern with profile of the appointee, but She has attended two out of nine (22%) board meetings held in FY25 and fourteen out of twenty-five (56%) board meetings held since FY24. Attendance of Mrs. Sikha Bansal is very low and it is a serious concern for governance of the company. As per her proposed terms, we estimate her annual remuneration from the company in the range of Rs. 9.2 mn to 10.4 mn (excluding remuneration drawn from DEE Piping Systems (Thailand) Co. Limited). The company has not disclosed the proposed terms for the remuneration receivable from DEE Piping Systems (Thailand) Co. Limited. Therefore, we are unable to ascertain her aggregate remuneration from the group. Further, the company has sought approval to pay promoter directors in excess of 5% and to all directors in excess of 11%. Therefore, we do not favour the resolution.
    4 for1 against

Mutual fund votes, meeting of 20 May 2025, 5 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Increase the borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013 up to INR 2,000 Crores
    4 for0 against
  • Create security / charge on assets of the Company under Section 180(1)(a) of the Companies Act, 2013 in favour of lenders to secure the borrowings.
    4 for0 against
  • Regularisation of Mrs. Shruti Aggarwal (DIN: 08598962), Additional Director as a Director of the Company
    5 for0 against
  • Appointment of Mrs. Shruti Aggarwal (DIN:08598962) as Whole Time Director of the Company
    5 for0 against
  • Re-appointment of Mr. Krishan Lalit Bansal as Chairman and Managing Director of the Company
    5 for0 against
2 proposals not matched to one resolution
  • Approve creation of charge on assets of up to Rs. 20.0 bn
    1 for0 against
  • Approve increase in borrowing limit to Rs. 20.0 bn from Rs. 12.0 bn
    1 for0 against

Mutual fund votes, meeting of 27 Sep 2024, 6 fund houses

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Statutory Auditors thereonMoreLess
    6 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the Reportnof the Statutory Auditors thereon.
    6 for0 against
  • To appoint a Whole Time Director in place of Mrs. Shikha Bansal (DIN: 02712175), who retires by rotation, and being eligible, offers herself for re-appointment.
    6 for0 against
  • To appoint a Whole Time Director in place of Mrs. Ashima Bansal (DIN: 01928449), who retires by rotation, and being eligible, offers herself for re-appointment.
    6 for0 against
  • Ratification of remuneration of Cost Auditor for the Financial Year 2024-25.
    6 for0 against
  • Ratification of DEE Employee Stock Option Plan 2023 ( DEE ESOP 2023 / Plan ).
    Against Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund
    • Aditya Birla Sun Life Mutual FundUnder ESOP 2023, the company proposes to issue 2,651,957 stock options (2,235,037 options yet to be granted as on 22 June 2024) to employees which will result in a dilution of ~4.8% on the expanded capital base. The scheme will be implemented via fresh issuance of shares. The vesting of options is either time based, or performance based (performance metrics have not been disclosed) as decided by the Nomination and Remuneration Committee (NRC). The Exercise Price shall be lower of - average market Price of last six months or closing market price of the shares before the date of the grant with discount of upto 50%. Further, the exercise price shall be at the discretion of NRC and can be as low as the face value.ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to market price. We note that in the past the company has granted stock options at an exercise price equal to the face value per share. If the stock options are granted at a significant discount (>20%), there is no alignment between the interests of investors and those of employees. We believe as a good practice companies should grant stock options at market price, or the options should have a performance-based vesting with clearly defined performance metrics. We do not support the resolution.
    • HDFC Mutual FundESOPs/RSUs are granted at a significant discount to market price
    • Kotak Mahindra Mutual FundThe Company has not provided clarity on the exercise price or the exercise formula of proposed ESOP in the Explanatory Statement. The company has mentioned that the ESOP shall be granted up to a discount of 50%. We do not favour ESOP schemes where the options can be granted at a significant discount to the market price. Hence voting against.
    3 for3 against
  • Ratification of the extension of the benefits under the DEE Employee Stock Option Plan 2023 ( DEE ESOP 2023 / Plan ) to the employees of subsidiaryncompanies of the Company.
    Against Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund
    • Aditya Birla Sun Life Mutual FundThrough resolution #7, the company seeks to extend the benefits of DEE ESOP Plan 2023 to the employees of subsidiary companies. Although we support extension of stock option plan to unlisted subsidiaries, our view here is linked to resolution #6.
    • HDFC Mutual FundESOPs/RSUs are granted at a significant discount to market price
    • Kotak Mahindra Mutual FundOur view is linked to resolution #6. The Company has not provided clarity on the exercise price or the exercise formula of proposed ESOP in the Explanatory Statement. The company has mentioned that the ESOP shall be granted up to a discount of 50%. We do not favour ESOP schemes where the options can be granted at a significant discount to the market price. Hence voting against.
    3 for3 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeAppellate AuthoritySince 30 May 2024
    Response has been given
    At the filing before: Non Payment of IGST of Rs. 1,04,61,697 on import of Rs. 5,81,20,541 - Non-payment of GST amounting to Rs. 12,78,900/- on Corporate Guarantee given to subsidiary companies - Mis-match in ITC availed in GSTR 2A and 3B resulting in excess utilization of ITC amounting to Rs. 20,01,250/- - Wrong availment/utilization of ineligible credit in TRAN-1 return amounting to Rs. 16,20,569/- Rs. 1,53,63,416 GST + 1,53,63,416 Penalty Rs. 3,07,25,832MoreLess
  • Tax disputeAppellate AuthoritySince 21 Feb 2026
    Appeal has beeen filed against the order
    At the filing before: In pursuance of audit undertaken for the F.Y. 2021-22, it is observed from books of accounts and returns filed on GST Portal, that the taxpayer has received inward supply from M/S SHILPKAR (INDIA) PVT LTD. GSTIN- 05AACCS1738A1ZX as pre-fabricated building (narrations in invoice as “supply of pre-fabricated for building for project office as per layout plan of specific size as per drawing”). Such pre-fabricated building is tent amounts to be civil structure as it is permanently fastened to the earth as revealed by the examination of actual site where such building is attached to the earth as the normal building having permanent fixtures with facilities of office furnishings, safety tank, light and water facility etc. Such structure is surrounded by the support of inter locking with well-developed surroundings of garden, boundary wall, locked gate etc. The wrongly availed and utilized Input tax credit amounting to Rs. 44,26,405/- which is recoverable from the taxpayer u/s 73 of The RGST/CGST Act along with applicable interest under section 50(1) of The RGST/CGST Act, 2017 r/w section 20 of The IGST Act, 2017 Interest of Rs. 28,81,407 Penalty of Rs. 4,42,641MoreLess
  • Tax disputeCustoms, Central Excise and Service Tax Appellate Tribunal, MumbaiSince 2 Aug 2024
    response has been given
    At the filing before: As per the Hon’ble Supreme Court judgment in the case of Cosmo Films Ltd. [TS-162-SC-2023-GST] upholding the validity of pre-import condition that all the imports made under the AA scheme on or after 13 October 2017 and up to and including 9 January 2019 which could not meet the pre-import condition may be regularised by making payment of IGST and GST Compensation Cess (Cess) along with the procedure for making payment of IGST and Cess and its consequential claim of input tax credit/refund. The company had received a show cause notice from DRI Kolkata dated 03.10.2019 that it has breached the pre-import condition and is liable to pay a duty of 8.15 Cr. The matter got centralised and Commissioner of Customs (Adjudication) , Mumbai had been appointed as adjudicating Authority to adjudicate this issue. The company had made the details of all bill of entries and shipping bills falling under the 6 advance authorisation Licences which were subject matter under the impugned SCN. In the personnel hearing with Commissioner of Customs (Adjudication), the company Suo-Motto accepted the fact that in case of 8 bill of entries the company has breached the pre-import condition and given its consent to deposit the IGST of Rs 18,42,165/- on immediate basis and requested the waiver of interest and penalty on the same. However, Commissioner of Customs (Adjudication) passed an order by demanding Custom duty of INR INR 8,15,09,369/- and also Imposed a fine of INR 2,25,00,000/- and penalty of Rs. 80,00,000/-. The company has Filed appeal before Customs, Central Excise and Service Tax Appellate Tribunal, Mumbai Appeal Number C/87026/2024-CU[DB]MoreLess
  • Tax disputeCIT(A)Since 1 Sep 2021
    Response has been given
    At the filing before: - TPO Adjustement in respect of Corporate guarantee Rs. 8,97,082, - Section 14A Disallowance Rs. 22,90,305 & - Section 40(a)(i) disallowance on non deduction of TDS on commission on sales Rs. 4,36,19,748MoreLess
  • Tax disputeCIT(A)Since 5 Dec 2024
    Response has been given
    At the filing before: The AO has considered the payment made to Atul Kumar Shrivastava being a Non Resident for "Consulting serices" as "fees for Technical services " and mentioned that TDS should have been deducted on it. Total remittance Rs. 1,57,23,769MoreLess
  • Tax disputeCIT(A)Since 28 Nov 2023
    Response has been given
    At the filing before: That Transfer Pricing Officer and Ld. AO hasmade an adjustment of Rs. 33,97,366/- in respect of corporate guarantee given by the assesse to its 100% subsidiary outside India u/s 92CA of the Income Tax Act.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesJun 2024, checked by CRISIL Ratings Limited325.00––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.