DEE Development Engineers will hold its 37th AGM on September 23, 2026, via video conferencing. Key shareholder votes include a Re 1 per share dividend, increasing authorized share capital to Rs 95 crore, and a contingent loan-to-equity conversion clause for lenders.
DEE Development Engineers Announces 37th AGM Details
Final dividend proposed at Re 1 per share; Authorized capital hike to Rs 95 crore.
Reader Takeaway: Shareholders will vote on capital expansion and a contingent lender debt-conversion option at the September AGM.
What just happened
DEE Development Engineers Limited has scheduled its 37th Annual General Meeting for September 23, 2026, via virtual platforms. The company is seeking shareholder approval for a final dividend of Re 1 per equity share of Rs 10 face value. The agenda also covers board appointments, cost auditor remuneration, and strategic financial restructuring.
Why this matters
The company proposes increasing its authorized share capital from Rs 85 crore to Rs 95 crore. This will involve the creation of 1 crore additional equity shares and the cancellation of 62.5 lakh unissued preference shares. Additionally, shareholders will vote on a contingent clause allowing lenders, led by Bank of India, to convert debt up to Rs 2,000 crore into equity in the event of a default.
What changes now
The board has sanctioned a remuneration revision for Whole-time Director Ms. Shikha Bansal, capped at Rs 1.38 crore per annum effective April 1, 2026. Shareholders will also vote to retain Mr. Bhisham Kumar Gupta as a Non-Executive Independent Director until July 2028, despite him reaching age 75 in 2027.
What to track next
Eligible shareholders should note the e-voting cut-off date of September 16, 2026. Remote e-voting is scheduled from September 20 through September 22, 2026. CS Kapil Kumar has been appointed as the scrutinizer for the voting process.