The Exchange had sought clarification from DEE Development Engineers Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
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DEE Development Engineers Limited has responded to an NSE/BSE query regarding their Q4 FY2025 financial results filed on May 29, 2025. The Exchange had pointed out that the results were not in the SEBI-prescribed format as the date and place were missing in the Statement of Impact (SOI) Qualifications. The company acknowledged this as an inadvertent and unintentional omission, and has resubmitted the corrected financial results. The audited standalone results show Q4 FY25 revenue of Rs 24,150.87 lakhs with PAT of Rs 2,937.96 lakhs, while consolidated Q4 FY25 revenue was Rs 28,636.86 lakhs with PAT of Rs 3,150.95 lakhs. For the full year FY25, standalone revenue was Rs 63,887.26 lakhs with PAT of Rs 2,335.14 lakhs, and consolidated revenue was Rs 82,736.22 lakhs with PAT of Rs 4,363.31 lakhs. The auditors issued an unmodified opinion on standalone results but a qualified opinion on consolidated results due to uncertainty about Malwa Power Private Limited's assets (Rs 4,891.28 lakhs) following PPA expiry.
The filing is primarily a compliance correction and does not directly impact the stock. However, the qualified audit opinion on consolidated results regarding the Malwa Power subsidiary's asset impairment and the ongoing PSERC tariff dispute (Rs 1,457.04 lakhs retroactive liability) represent potential risks to future earnings and could attract investor attention.