Board Approves Capital Hike, Potential Debt Conversion, and Director Pay Raise
DEE Development Engineers Limited · DEEDEV · NSE ·
The Board approved increasing the authorised share capital from ₹85 Crore to **₹95 Crore** to fund future growth. A provision was approved allowing lenders to convert a **₹2,000 Crore** loan into equity in case of default, posing a potential dilution risk to shareholders. The rem…