Nature of Disclosure: Regulatory intimation of upcoming board meeting to consider fundraising through preferential allotment of equity shares.
Board Meeting Details: A meeting of the Board of Directors is scheduled for Wednesday, 3rd June 2026 at 09:00 AM, to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
Primary Agenda: The Board will consider and, if deemed appropriate, approve the proposal for raising funds through issuance of Equity Shares on a preferential basis. The issuance will be conducted in accordance with:
- Companies Act, 2013
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Other applicable laws
Approval Requirements: The fundraising is subject to necessary regulatory/statutory approvals and subject to approval of the company's shareholders.
Shareholder Approval Process: The Board will also consider convening an Extra-Ordinary General Meeting (EGM) or conducting a postal ballot process to seek shareholder approval for the fundraising proposal.
Trading Window Closure: Pursuant to the Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in securities by Designated Persons and their immediate relatives shall remain closed until 48 hours after the declaration of the outcome of the board meeting.
Additional Information: The disclosure is also available on the company's website at https://www.deepiping.com/
Company Details: Registered Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Haryana- 121102, India. CIN: L74140HR1988PLC030225
Financial Impact: Not quantified in the disclosure. The specific amount to be raised and potential dilution impact will be determined subject to board and shareholder approval.