De Neers Tools AGM approves promoter director re-appointments and expansion plans
DENEERS · price
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De Neers Tools held 5th AGM on Sep 29, 2026. Members approved re-appointment of Mr. Neeraj Aggarwal as MD and Mrs. Shilpy Aggarwal as Whole-time Director for 5 years till July 2031, with revised remuneration. Neeraj holds 22 lakh shares, Shilpy 13.3 lakh. Also approved expansion of objects clause for VDE insulated tools for EVs, variation of 10 lakh preference shares, and loans to joint venture DNSJV.
Family promoter board continues. EV tool expansion and joint venture funding show growth focus but raise concentration risk.