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DEE DEVELOPMENT ENGINEERS LIMITED — AGM Information 2024
Sep 27, 2024
62378_rns_2024-09-27_3cbcf94e-ebef-4555-a8ca-fe9b7574ac6e.pdf
AGM Information
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Date: 27[th] September, 2024
Listing Compliance Department
| BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400001 ScripCode:544198 |
The National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Symbol:DEEDEV |
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Sub: Summary of proceedings of the 35[th] Annual General Meeting of the Company held on Friday, the 27[th] day of September, 2024.
Ref.: Disclosure of events pursuant to Regulation 30(2) - Schedule III – Part A (13) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/Ma’am,
We wish to inform that 35[th] Annual General Meeting (“AGM”) of the Company held today i.e. 27[th] day of September, 2024 at 01:00 P.M. at the Registered office of the Company at Unit-1, Prithla-Tatarpur Road, Village Tatarpur, Palwal, Haryana, India 121102 in compliance with the applicable provisions of the Companies Act, 2013, Circular(s) issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”) to transact the businesses as mentioned in the Notice of AGM.
Mr. Krishan Lalit Bansal, Chairman and Managing Director (CMD) of the Company chaired the meeting.
Members Present: 95 members attended the meeting.
The requisite quorum, being present, CMD called the meeting to order.
The Company Secretary introduced the Directors and Key Managerial Personnel seated on the dais. He confirmed the presence of Chairman of the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, Corporate Social Responsibility Committee and Stakeholder Relationship Committee.
He then confirmed presence of the Statutory Auditor and Secretarial Auditor. He also confirmed presence of Scrutinizer appointed by the Company to scrutinize the e-voting process on the resolutions proposed in the notice of the said meeting.
The Company Secretary informed the members that necessary documents and registers pursuant to the Companies Act, 2013 read with Secretarial Standard on General Meetings were available for inspection at the venue.
DEE DEVELOPMENT ENGINEERS LIMITED
Regd. Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Haryana- 121102, India Works: Unit 1, 2 & 3, Village Tatarpur, Dist. Palwal, Haryana- 121102, India T: +91 1275 248200, F: +91 1275 248314, E: [email protected], W: www.deepiping.com CIN: L74140HR1988PLC030225 GST Registration No . 06AACCD0207H1ZA
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The Company Secretary also informed the Members that the Statutory Auditors’ Report and Secretarial Auditor’s Report for the financial year ended 31[st] March 2024 do not contain any observation, adverse remarks, qualification, or disclaimer having any adverse effect on the functioning of the Company.
The Company Secretary also informed that the Company has received the resolution under section 113 of the Companies Act, 2013 for authorization to attend and vote representing 10.91% of the Company’s paid up share capital.
The Company Secretary, thereafter, informed that the Company had provided the members the facility to cast their votes through e-ballot on all the resolutions set forth in the AGM notice.
The Company Secretary then briefed the members about the following items of business, set out in the Notice of 35[th] AGM, which were commended for members’ consideration and approval:
| Sr. No | Resolutions | Type of Resolutions |
|---|---|---|
| 1. | Adoption of the audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and StatutoryAuditors thereon |
Ordinary Resolution |
| 2. | Adoption of the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 and the Report of the StatutoryAuditors thereon. |
Ordinary Resolution |
| 3. | Mrs. Shikha Bansal (DIN: 02712175), who retires by rotation, and being eligible, offers herself for re- appointment |
Ordinary Resolution |
| 4. | Mrs. Ashima Bansal (DIN: 01928449), who retires by rotation, and being eligible, offers herself for re- appointment. |
Ordinary Resolution |
| 5. | Ratification of remuneration payable to M/s JSN & Co., (FRN: 000455) Cost Auditor for the Financial Year 2024-25 |
Ordinary Resolution |
| 6. | Ratification of "DEE Employee Stock Option Plan 2023("DEE ESOP 2023"/"Plan") |
Special Resolution |
| 7. | Ratification of the extension of the benefits under the "DEE Employee Stock Option Plan 2023 ("DEE ESOP 2023" / "Plan") to the employees of subsidiary companies of the Company |
Special Resolution |
On the invitation, Members made their comments, put up their queries, and sought clarifications on the Company’s accounts, businesses and other related matters.
Clarifications were provided by Mr. Sameer Agarwal, Chief Financial Officer to the queries raised by the members.
DEE DEVELOPMENT ENGINEERS LIMITED
Regd. Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Haryana- 121102, India Works: Unit 1, 2 & 3, Village Tatarpur, Dist. Palwal, Haryana- 121102, India T: +91 1275 248200, F: +91 1275 248314, E: [email protected], W: www.deepiping.com CIN: L74140HR1988PLC030225 GST Registration No . 06AACCD0207H1ZA
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Company Secretary informed that members who were present at the meeting and had not cast their votes through remote e-voting were provided an opportunity to cast their votes at the end of the meeting via e-ballot voting facility afforded by LinkIntime India Private Limited.
The Company Secretary then informed that the Board of Directors has appointed Mrs. Pragnya Parimita Pradhan as Scrutinizer who will coordinate for an orderly conduct of the e- ballot process.
The Company Secretary informed the Members that the voting results along with the consolidated Scrutinizer’s Report shall be declared and filed with the exchanges within two working days of conclusion of this meeting, and also be placed on the website of the Company.
The Company Secretary, thereafter, thanked all the Members for their continued support & trust and for participation at the meeting, constructive suggestions and comments and prayed for their good health and safety.
The meeting commenced at 01:00 P.M. and concluded at 02:15 P.M.
Kindly take the above intimation on your record.
Yours faithfully,
For DEE Development Engineers Limited
Digitally signed by RANJAN RANJAN KUMAR KUMAR SARANGI SARANGI Date: 2024.09.27 17:50:10 +05'30'
_______
Ranjan Kumar Sarangi
Company Secretary and Compliance Officer
Membership No.: F8604 Address: Unit 1, Prithla - Tatarpur Road, Village Tatarpur Dist. Palwal, Faridabad, Haryana – 121 102
DEE DEVELOPMENT ENGINEERS LIMITED
Regd. Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Haryana- 121102, India Works: Unit 1, 2 & 3, Village Tatarpur, Dist. Palwal, Haryana- 121102, India T: +91 1275 248200, F: +91 1275 248314, E: [email protected], W: www.deepiping.com CIN: L74140HR1988PLC030225 GST Registration No . 06AACCD0207H1ZA