Intimation for allotment of securities in DM Consulting Engineers Private Limited
Price
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Awaiting price reaction for this filing.
DMR Engineering has been allotted 1,80,000 equity shares (face value Rs. 10 each) in DM Consulting Engineers Private Limited through a rights issue, totalling Rs. 18 lakh. Post-allotment, DMR Engineering's shareholding in DM Consulting remains unchanged at 60% of total equity. The transaction is a related party deal, as DMR's promoters (CMD Mr. Subhash Chander Mittal and WTD Mrs. Neelam Mittal) are also promoters of DM Consulting, and it has been carried out at arm's length. DM Consulting provides engineering and consulting services in areas like new energies, infrastructure, and geophysical studies, with FY25 turnover of about Rs. 1.18 crore. Other shareholders in DM Consulting also participated proportionally in the rights issue, which is why DMR's 60% stake did not change.
No material change for DMR Engineering shareholders — the company's stake in DM Consulting is unchanged at 60%, and the investment value is small (Rs. 18 lakh). This is a routine pro-rata rights participation in a related entity and should not affect DMR's stock price.