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DEE DEVELOPMENT ENGINEERS LIMITED Capital/Financing Update 2025

Mar 21, 2025

62378_rns_2025-03-21_8a3a02d3-5464-4424-8119-fc42534485f1.pdf

Capital/Financing Update

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Date: 21[st] March, 2025

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

Sub: Intimation of investment in DEE Piping Systems (Thailand) Co., Wholly Owned Subsidiary of the Company - Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Dear Sir/ Madam,

Pursuant to the provision of Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the following investment made by the Company in its Wholly owned Subsidiary Company–DEE Piping Systems (Thailand) Co. Limited. The detailed disclosure is enclosed in “ Annexure-A”.

This is for your information and records please.

Thanking you,

Yours faithfully,

For DEE Development Engineers Limited

Digitally signed by RANJAN KUMAR RANJAN KUMAR SARANGI SARANGI Date: 2025.03.21 14:45:54 +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

“Annexure-A”

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Disclosures in terms of Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Sr. No Particulars Details Details
1. Name of the Target Company, details in
brief such as size, turnover, etc.
DEE Piping Systems (Thailand) Co. Ltd.
(“DEE Thai”). It was incorporated as a
Private company on October 7, 2014
under Thailand’s Civil and Commercial
Code. Its registered office is situated at
Nos. 59 and 59/8, Moo 6, Thakham Sub -
district,
Bangpakong
District,
Chachoengsao Province
Presently, the Company holds 100%
paid-up equity share capital of DEE Thai.
Other details of DEE Thai as on March 31,
2024 are as follows:
Particulars
Details
(INR in Lacs)
Turnover
8,239.01
PAT
(433.48)
Net worth
(1,181.04)
Particulars Details
(INR in Lacs)
Turnover 8,239.01
PAT (433.48)
Net worth (1,181.04)
2. Whether the acquisition would fall
within related party transaction(s) and
whether the promoter/promoter group/
group companies have any interest in the
entity being acquired? If yes, nature of
interest and details thereof and whether
the same is done at “arm’s length”
The transaction involves subscription of
equity shares of DEE Thai, which is an
existing wholly owned subsidiary of the
Company.
Transactions
between
a
holding company and its wholly owned
subsidiary
whose
accounts
are
consolidated with such holding company
are
exempt
under
related
party
transactions.
The Company is the Promoter of DEE
Thai. Save and except as mentioned
above, the Company is not interested in
any other manner.
3. Industry to which the entity being
acquired belongs
Engineering Industry
4. Objects
and
effects
of
acquisition
(including but not limited to, disclosure
of reasons for acquisition of target entity,
The investment amount will be used by
DEE Piping Systems (Thailand) Co.
Limited to repayits debt.

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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if its business is outside the main line of
business of the listed entity)
Further, DEE Piping Systems (Thailand)
Co. Limited is in same line of business as
of holdingCompany.
5. Brief details of any governmental or
regulatory approvals required for the
acquisition
Not Applicable
6. Indicative time period for completion of
the acquisition
Not Applicable
7. Nature of consideration - whether cash
consideration or share swap and details
of the same
Cash Consideration
8. Cost of acquisition or the price at which
the shares are acquired
Cost of Acquisition is USD $ 24,00,000
Conversion of USD $ 1 to INR is Rs.
86.5903 as on 19.03.2025
9. Percentage of shareholding / control
acquired and / or number of shares
acquired
DEE Development Engineers Limited
(“The Company”) is a holding Company
of DEE Piping Systems (Thailand) Co.
Limited holding 6,59,31,358 equity share
of THB 5/- each.
The Company proposes to further invest
in DEE Piping Systems (Thailand) Co.
Limited
through
1,61,61,616
Equity
Shares, representing 24.51% of the
existing paid-up Equity Share capital.
Hence, the Post Transaction Equity
Shares will be 8,20,92,974 equity shares
of THB 5/- each.

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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10. Brief background about the entity
acquired in terms of products / line of
business acquired, date of incorporation,
history of last 3 years turnover, country
in which the acquired entity has presence
and any other significant information (in
brief)
DEE Piping Systems (Thailand) Co.
Limited is a wholly owned subsidiary of
DEE Development Engineers Limited. It
was incorporated on October 7, 2014
under Thailand’s Civil and Commercial
Code. Its registered office is situated at
Nos. 59 and 59/8, Moo. 6, Thakham Sub
-district,
Bangpakong
District,
Chachoengsao Province.
It is engaged in the business of
fabrication (including prefabrication and
on-site fabrication) of pipe spool and
other
components
for
assembling
industrial piping systems used in various
industries.
The details of turnover for the last three
financial years are as follows:
Financial Year
Turnover
(INR in Lacs)
2023-2024
8,239.01
2022-2023
6,410.78
2021-2022
4098.39
DEE Piping Systems (Thailand) Co.
Limited is a wholly owned subsidiary of
DEE Development Engineers Limited. It
was incorporated on October 7, 2014
under Thailand’s Civil and Commercial
Code. Its registered office is situated at
Nos. 59 and 59/8, Moo. 6, Thakham Sub
-district,
Bangpakong
District,
Chachoengsao Province.
It is engaged in the business of
fabrication (including prefabrication and
on-site fabrication) of pipe spool and
other
components
for
assembling
industrial piping systems used in various
industries.
The details of turnover for the last three
financial years are as follows:
Financial Year
Turnover
(INR in Lacs)
2023-2024
8,239.01
2022-2023
6,410.78
2021-2022
4098.39
Financial Year Turnover
(INR in Lacs)
2023-2024 8,239.01
2022-2023 6,410.78
2021-2022 4098.39

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