DEE Development Engineers Limited announced that shareholders passed a special resolution approving a preferential issue of equity shares on a private placement basis. The resolution was approved at the Extraordinary General Meeting (EGM) held on Saturday, June 27, 2026, with requisite majority.

The EGM was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM). The cut-off date for determining shareholder eligibility to vote was June 20, 2026. A total of 92 shareholders attended the meeting via video conferencing, comprising 3 from the Promoter and Promoter Group and 89 Public shareholders.

The voting process involved both remote e-voting and e-voting at the EGM venue, managed by National Securities Depository Limited (NSDL). Remote e-voting commenced on Wednesday, June 24, 2026, at 09:00 AM and concluded on Friday, June 26, 2026, at 05:00 PM.

Voting Results for Resolution No. 1 (Special Resolution)

The resolution "TO CONSIDER AND APPROVE ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS TO THE PROMOTER/PROMOTER GROUP AND NON-PROMOTERS FOR CONSIDERATION IN CASH" was passed.

Consolidated Voting Results:

  • Total Votes Cast: 6,943,056
  • Votes in Favor: 6,852,607 (98.70%)
  • Votes Against: 90,449 (1.30%)
  • Total Members Voting: 173

Breakdown by Voting Mode:

  • Remote E-Voting: 154 members cast 20,327,645 votes
  • In Favor: 20,237,196 votes
  • Against: 90,449 votes
  • E-Voting at EGM: 25 members cast 20,926 votes
  • In Favor: 20,926 votes
  • Against: 0 votes
  • Invalid Votes: 6 members accounted for 13,405,515 invalid votes (all from Promoter and Promoter Group category)

Category-wise Voting Analysis:

  • Promoter and Promoter Group: Held 48,606,381 shares; voted 13,405,515 shares (27.58% of held shares). 100% of votes cast were in favor.
  • Public Institutions: Held 8,988,485 shares; voted 6,777,266 shares (75.40% of held shares). 100% of votes cast were in favor.
  • Public Non-Institutions: Held 11,668,476 shares; voted 165,790 shares (1.42% of held shares). 45.44% (75,341 votes) in favor, 54.56% (90,449 votes) against.

Scrutinizer Report

Kapil Kumar of Kapil Kumar & CO, appointed as Scrutinizer, submitted a consolidated report confirming the voting results. The votes were unblocked on June 27, 2026, in the presence of witnesses Mr. Jatin and Mr. Dheeraj. The scrutinizer verified the process based on data from NSDL's e-voting system.