Announced Sat, 27 Jun · 21:31 IST
Shareholders approve preferential share issue to promoters and non-promoters
Fund Raising View source PDF
DEEDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹673.00
prior close
₹667.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1-2.4-1.1-4.0+0.4+5.4+5.3+1.8+0.2+3.3———
Up moveDown movePending
AI summary
DEE Development Engineers shareholders approved a Special Resolution at the EGM on June 27, 2026 to issue equity shares on a preferential basis to the Promoter/Promoter Group and Non-Promoters for cash consideration. The resolution passed with 99.56% of votes in favour. Promoter group voted 100% in favour, public institutions 100% in favour, while public non-institutions were split 45.4% for and 54.6% against.
Likely market impact
Shareholders have cleared the way for equity dilution to promoters and select non-promoters, which may lead to share price pressure.