DEE Development Engineers Limited has informed the Exchange regarding Appointment of Mrs Shruti Aggarwal as Executive Director of the company w.e.f. April 14, 2025.
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DEE Development Engineers Limited has appointed Mrs. Shruti Aggarwal as an Additional Director designated as Whole Time Director (Key Managerial Personnel) for a 5-year term from April 14, 2025 to April 13, 2030, subject to shareholder approval. She currently serves as Vice President (Operations) at the company and has over 13 years of experience in financial planning, budgeting, operations, and management reporting. The appointment was recommended by the Audit Committee and Nomination and Remuneration Committee and approved by the Board on April 14, 2025. Notably, she is the daughter of Mr. Krishan Lalit Bansal (Chairman & Managing Director) and Mrs. Ashima Bansal (Whole-Time Director), making this a promoter family addition to the board.
This strengthens the promoter family's control and continuity at the board level, which may be viewed positively by investors who value family-led governance but could raise succession and independence concerns among some institutional shareholders. The 5-year long-term appointment signals stability but still requires shareholder ratification at the next general meeting.