DEE Development Engineers Limited, a leading provider of process piping solutions for the oil & gas, power, and industrial sectors, has announced the allotment and listing of 74,296 equity shares under its Employee Stock Option Plan (ESOP) 2023.
These shares have been listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), reinforcing the company’s commitment to employee recognition and long-term value creation.
DEE Development Engineers allotted equity shares with a face value of ₹10 each to eligible employees after they exercised options granted under the DEE ESOP Scheme 2023.
The shares carry the same rights, benefits, and voting powers as those issued during the company’s initial public offering (IPO), ensuring parity in shareholder privileges.
DEE Development Engineers Limited Board Approval and Regulatory Compliance
The Nomination and Remuneration Committee of the Board of Directors approved the allotment during its meeting on June 12, 2025.
The committee authorized the issuance of the shares at the exercise price of ₹10 per share, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Following the allotment, DEE’s paid-up equity share capital increased from ₹69,05,40,780 (comprising 6,90,54,078 equity shares) to ₹69,12,83,740 (comprising 6,91,28,374 equity shares), reflecting the addition of the newly issued ESOP shares.
Aligning Employee Incentives with Growth Vision
Krishan Lalit Bansal, Chairman and Managing Director of DEE Development Engineers, emphasized the strategic importance of the ESOP initiative.
“Our people are the foundation of our growth story. With this ESOP grant, we aim to recognize and reward their dedication while also aligning them with the long-term value creation of the company,” he stated.
The move comes on the heels of a strong Q1 FY26 performance, where DEE reported a 21.1% year-on-year growth in revenue from operations, reaching ₹22,785 lakh.
Profit after tax (PAT) surged by 314.3% year-on-year to ₹1,320 lakh, underscoring the company’s operational efficiency and market momentum.
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