Dividend: Recommended final dividend of ₹1 per equity share (10% on face value of ₹10) for FY 2025-26
Related Party Transaction Values:
DBL Neemuch Renewable Limited: ₹1,025.00 Crores
DBL Shajapur Solar Limited: ₹1,005.00 Crores
Mekhali Power Transmission Limited: ₹1,240.00 Crores
DBL Bhopal Solar Limited: Enhanced limit by ₹65.00 Crores to ₹1,275.00 Crores
DBL Dhar Solar Limited: Enhanced limit by ₹62.50 Crores to ₹1,227.50 Crores
DBL Guna Solar Limited: Enhanced limit by ₹65.00 Crores to ₹1,285.00 Crores
DBL Mandsaur Solar Limited: Enhanced limit by ₹72.50 Crores to ₹1,427.50 Crores
DBL Mandvi Ratlam Renewable Limited: Enhanced limit by ₹60.00 Crores to ₹1,190.00 Crores
DBL Rajgarh Solar Limited: Enhanced limit by ₹75.00 Crores to ₹1,465.00 Crores
DBL Sukheda Ratlam Solar Limited: Enhanced limit by ₹75.00 Crores to ₹1,490.00 Crores
DBL Vidisha Solar Limited: Enhanced limit by ₹67.50 Crores to ₹1,322.50 Crores
Fundraising:
Non-Convertible Debentures: Up to ₹1,000.00 Crores
Commercial Papers: Up to ₹1,000.00 Crores
Remuneration Approval:
Cost Auditor remuneration: ₹50,000 plus applicable taxes for FY 2026-27
Tarishi Jain (Financial Analyst): Increase from ₹2,50,000 to ₹12,00,000 per month effective October 1, 2026
Dates of Action
AGM Date: Tuesday, September 22, 2026 at 11:00 AM IST
Cut-off Date: Tuesday, September 15, 2026 for determining voting eligibility and dividend entitlement
Remote E-voting Period: Saturday, September 19, 2026 (9:00 AM) to Monday, September 21, 2026 (5:00 PM)
Register Closure: Wednesday, September 16, 2026 to Tuesday, September 22, 2026 (both days inclusive)
Dividend Payment: Within 30 days from AGM date if approved
TDS Documentation Deadline: September 15, 2026 by 5:00 PM IST
Parties Involved
Regulators: SEBI, Ministry of Corporate Affairs, RBI
Subsidiaries/Related Parties: DBL Neemuch Renewable Limited, DBL Shajapur Solar Limited, Mekhali Power Transmission Limited, DBL Bhopal Solar Limited, DBL Dhar Solar Limited, DBL Guna Solar Limited, DBL Mandsaur Solar Limited, DBL Mandvi Ratlam Renewable Limited, DBL Rajgarh Solar Limited, DBL Sukheda Ratlam Solar Limited, DBL Vidisha Solar Limited
Service Providers: M/s. Yogesh Chourasia & Associates (Cost Auditors), MUFG Intime India Private Limited (RTA), CS Piyush Bindal (Scrutinizer)
Key Individuals: Mr. Devendra Jain (Director), Mr. Dilip Suryavanshi (Chairman & MD), Ms. Tarishi Jain (Financial Analyst)
Purpose/Rationale
Dividend: Distribution of profits to shareholders for FY 2025-26
Related Party Transactions: To provide financial support to step-down subsidiaries for project execution, working capital requirements, and long-term sustainability through investments, loans, guarantees, and other business transactions in ordinary course of business
Fundraising: To augment long-term resources for financing capital expenditure and general corporate purposes
Director Re-appointment: Continuity of experienced leadership on the Board
Remuneration Approval: To retain qualified professionals at market-competitive compensation
Financial/Operational Impact
Dividend Impact: Cash outflow from profits, subject to TDS deductions as per Income Tax Act, 2025
Related Party Transactions Impact: Potential future cash flows, investments, and contingent liabilities through guarantees and securities
Fundraising Impact: Increased borrowing capacity and potential interest expenses
Capital Structure Impact: No immediate equity dilution from proposed resolutions (debt instruments only)
Governance Matters
Mr. Devendra Jain (DIN: 02374610) retires by rotation and seeks re-appointment as Director
Continuation of Mr. Dilip Suryavanshi (DIN: 00039944) as Chairman & Managing Director beyond age 70 until August 25, 2027
All related party transactions stated to be at arm's length and in ordinary course of business
Prior approvals obtained from Audit Committee and Board of Directors for all special business items
Voting Procedures
AGM to be conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
Remote e-voting facility provided through MUFG Intime India Private Limited
Physical attendance dispensed with as per MCA circulars
Detailed instructions provided for shareholders to participate and vote electronically
Additional Information
Annual Report including AGM notice available on company website (www.dilipbuildcon.com) and RTA website
Unpaid/unclaimed dividends for financial years 2018-19 to 2024-25 details available on company website
