DEE Development Engineers Lists 74,296 ESOP Shares

New Delhi, August 19, 2025: DEE Development Engineers Limited, a leading provider of process piping solutions for oil and gas, power and industrial sectors, listed 74,296 equity shares under the DEE Employee Stock Options (ESOP) Scheme at NSE and BSE on Monday. These shares carry the same rights, benefits and voting powers as shares issued during the company’s IPO.

“At DEE, our people are the foundation of our growth story. With this ESOP grant, we aim to recognise and reward their dedication while also aligning them with the long-term value creation of the company,” said Krishan Lalit Bansal.

“Coming on the back of a strong start to FY26, this step further reflects our confidence in scaling up capacity, diversifying into high-growth sectors like green hydrogen and achieving our vision of reaching INR 2,400 crore in revenues over the next three to five years.”

With this allotment, DEE continues its focus on rewarding and empowering employees while strengthening its competitive edge in the rapidly expanding energy, power and engineering sectors.

The announcement follows the company’s strong Q1 FY26 performance last week, where revenue from operations grew 21.1 per cent YoY to INR 22,785 lakh while PAT surged 314.3 per cent YoY to INR 1,320 lakh. The company also reported a robust order book of INR 1,226.66 crore as of July 31 and confirmed that the Anjar capacity expansion is progressing ahead of schedule.