Key Details

The EGM is scheduled to be held on Saturday, June 27, 2026, at 01:00 P.M. IST through Video Conferencing/Other Audio-Visual Means.

Changes to EGM Notice

The corrigendum modifies Item No. 1 of the EGM Notice and includes the following specific revisions:

1. Revised Shareholding Pattern (Point 11 of Explanatory Statement)

Preferential Issue Details:

  • Post-preferential share capital: ₹75,23,94,380
  • Total equity shares: 7,52,39,438 equity shares of face value ₹10 each

Shareholding Changes:

  • Promoter and Promoter Group holding decreases from 70.18% (4,86,06,381 shares) to 65.13% (4,90,04,787 shares)
  • Indian Promoters: From 59.30% (4,10,73,606 shares) to 55.12% (4,14,72,012 shares)
  • Mutual Funds: From 12.95% (89,71,835 shares) to 12.32% (92,70,639 shares)
  • Alternate Investment Funds: From 0.96% (6,61,896 shares) to 4.71% (35,42,875 shares)
  • Foreign Portfolio Investors Category I: From 0.95% (6,54,616 shares) to 3.54% (26,64,079 shares)
  • Total public holding increases from 29.82% to 34.87%

2. Preferential Allotment Details (Annexure A, B & C)

Allottees and Allocation:

1. Krishan Lalit Bansal (Promoter): 3,98,406 shares → Post-issue holding: 3,55,98,772 shares (47.31%)

2. Kotak Mahindra Trustee Co Limited A/c Kotak Multi Asset Allocation Fund: 2,98,804 shares → Post-issue holding: 48,11,092 shares (6.39%)

3. WhiteOak Capital Equity Fund: 86,902 shares → Post-issue holding: 86,902 shares (0.12%)

4. WhiteOak Capital India Opportunities Fund: 7,82,123 shares → Post-issue holding: 7,82,123 shares (1.04%)

5. Ashoka WhiteOak ICAV – Ashoka Whiteoak Emerging Markets Equity Fund: 4,72,936 shares → Post-issue holding: 4,72,936 shares (0.63%)

6. Ashoka WhiteOak ICAV – Ashoka Oak Emerging Markets Equity Fund: 72,266 shares → Post-issue holding: 72,266 shares (0.10%)

7. Ashoka India Equity Investment Trust PLC: 1,99,418 shares → Post-issue holding: 1,99,418 shares (0.27%)

8. Ashoka WhiteOak Emerging Market Trust PLC: 27,443 shares → Post-issue holding: 27,443 shares (0.04%)

9. India Acorn Fund Ltd: 90,561 shares → Post-issue holding: 90,561 shares (0.12%)

10. ValueQuest India G.I.F.T. Fund: 7,42,031 shares → Post-issue holding: 7,42,031 shares (0.99%)

11. ValueQuest India Inflexion Fund: 9,96,020 shares → Post-issue holding: 9,96,020 shares (1.32%)

12. 360 ONE PIPE Fund: 4,98,007 shares → Post-issue holding: 4,98,007 shares (0.66%)

13. Enigma Small Opportunities Fund: 1,99,203 shares → Post-issue holding: 1,99,203 shares (0.26%)

14. Meghraj Properties Private Limited: 2,98,804 shares → Post-issue holding: 2,98,804 shares (0.40%)

15. Niveshaay Hedgehogs Fund: 1,99,203 shares → Post-issue holding: 3,78,738 shares (0.50%)

16. LC Pharos Multi Strategy Fund VCC - LC Pharos Multi Strategy Fund SF 1: 2,98,804 shares → Post-issue holding: 2,98,804 shares (0.40%)

17. Zeal Global Opportunities Fund: 99,601 shares → Post-issue holding: 99,601 shares (0.13%)

18. Finavenue Capital Trust – Finavenue Growth Fund: 99,601 shares → Post-issue holding: 1,09,601 shares (0.15%)

19. Various individual allottees (Swati Agarwal, Preeti Singal, Tushar Aggarwal HUF, Achen Jakher, Invicto Incrementum Fund): Total 99,360 shares

3. Regulatory Compliance Certification (Point 18)

A certificate from Kapil Kumar & Co., Practicing Company Secretaries, certifying compliance with Chapter V of SEBI ICDR Regulations for the preferential issue has been obtained. The certificate is available for inspection on the company's website at https://www.deepiping.com/document/investor/Compalice_Certificate.pdf

4. Valuation Report Requirement (Point 4(c))

The company confirmed that Regulation 166A of SEBI ICDR Regulations, 2018 is not triggered, therefore an independent registered valuer's valuation report is not required.

Additional Information

  • The corrigendum is available on the company's website (www.deepiping.com) and stock exchange websites (www.bseindia.com & www.nseindia.com)
  • All other particulars in the original EGM notice remain unchanged
  • The document is signed by Ranjan Kumar Sarangi, Company Secretary & Compliance Officer (Membership No.: F8604)
  • Company CIN: L74140HR1988PLC030225