DEE Development Engineers May Order Book Update

The company reported the following order book position:

Segment-wise Breakdown:

Execution Details for May 2026:

Malwa Power Private Limited Tariff Matter:

Punjab State Electricity Regulatory Commission (PSERC) passed an interim order revising tariff to ₹3.50 per unit after PPA expiration on 26th April 2025
Company filed review petition for tariff revision
PSERC's final order dated 27th March 2026 fixed tariff rate for FY 2025-26 at ₹5.224/kWh (₹0.97 fixed + ₹4.254 variable)
Annual escalation of 5% on variable cost approved
Tariff rate for FY 2026-27 set at ₹5.437 per kWh
Company may file appeal before APTEL, New Delhi to challenge PSERC order and seek tariff increase as per CERC Regulations
Projected revenue for FY27: ~₹47.71 crores (includes ₹23.4 crores from pellet plant)

DEE Development Engineers Power Division Tariff Matter:

PSERC revised tariff to ₹5.877 per unit vide order dated 20th August 2025
Company filed appeal before Punjab & Haryana High Court
High Court stayed PSERC's order vide order dated 23rd October 2025
Current status:
Company continues to supply electricity to PSPCL at prevailing tariff of ₹7.47 per unit
Any recovery claimed by PSPCL for tariff differential withheld until final disposal by High Court

Revenue Recognition:

Total value of orders executed represents aggregate invoice amount raised on customers
Revenue recognition under Indian GAAP (Ind AS 115) may differ from invoiced amount due to:
Application of various Incoterms
Performance obligations under respective contracts
Revenue recognition aligned with transfer of control of goods/services, not merely invoicing milestones
Revenue recognized during reporting period may be lower than total invoiced value

Foreign Exchange Rates:

The information is available on company website: www.deepiping.com
Filed by Ranjan Kumar Sarangi, Company Secretary and Compliance Officer (Membership No.: F8604)
Company CIN: L74140HR1988PLC030225
GST Registration No.: 06AACCD0207H1ZA