Transaction Details
- Type of Allotment: Bonus Issue of equity shares
- Number of Shares Allotted: 6,00,000 equity shares
- Percentage of Total Shareholding: 60% of DM Consulting Engineers Private Limited ("DM Consulting")
- Post-Allotment Holding: Company's shareholding remains unchanged at 60%
- Bonus Ratio: 10:13 (10 new fully paid-up equity shares of ₹10 each for every 13 existing fully paid-up equity shares)
- Record Date: Not specified in disclosure
- Consideration: Not applicable (bonus issue)
Target Entity Details
Name: DM Consulting Engineers Private Limited
Capital Structure:
- Authorised Capital: ₹5,00,00,000 divided into 50,00,000 equity shares of ₹10 each
- Paid Up Share Capital: ₹2,30,00,000 divided into 23,00,000 equity shares of ₹10 each
Financial Performance:
- FY 2025-26 Turnover: ₹2,80,25,400
- FY 2024-25 Turnover: ₹1,18,28,950
- FY 2023-24 Turnover: ₹4,00,000
Business Operations: DM Consulting is engaged in Engineering, Procurement and Consulting Services in areas of new energies, new materials and performs geophysical studies for:
- Hydro/PSP, thermal, solar, wind, nuclear projects
- Railways, highways, oil and gas, minerals
- Dam, roads, tunnels, mines and major infrastructure projects
Company Background: Incorporated on December 09, 2014, in India with objective of providing engineering and infrastructure consultancy services.
Related Party Transaction
The strategic investment in DM Consulting is classified as a Related Party Transaction. Mr. Subhash Chander Mittal (Chairman and Managing Director) and Mrs. Neelam Mittal (Whole-time Director) of DMR Engineering Limited are the promoters of DM Consulting. The transaction is stated to be conducted on an "arm's length" basis.
Strategic Rationale
With this strategic investment, DMR Engineering Limited will be able to venture into new avenues for growth through DM Consulting's expertise in geophysical studies and engineering consulting services across various infrastructure sectors.