DEE Development Engineers Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 20, 2025 of
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DEE Development Engineers Limited has submitted the voting results and scrutinizer's report of its 1st Extraordinary General Meeting (EGM) for FY2025-26, held on May 20, 2025. A total of 24,992,032 votes were cast on each of the five special resolutions. All five resolutions were passed with an overwhelming 99.98% majority in favour. The resolutions included raising the company's borrowing limit to INR 2,000 Crores, creating security or charge on company assets in favour of lenders, regularising Mrs. Shruti Aggarwal as Director, appointing her as Whole Time Director, and re-appointing Mr. Krishan Lalit Bansal as Chairman and Managing Director.
Shareholders have approved a major increase in the company's borrowing capacity (up to INR 2,000 Crores), signalling potential plans for significant debt-funded expansion or capex. The board continuity with re-appointment of the Chairman and Managing Director and addition of a Whole Time Director provides leadership stability. These approvals are largely procedural and were passed with near-unanimous support, so no negative shareholder sentiment is indicated.