Dilip Buildcon Board Approves NCD Issuance, Declares ₹1 Dividend

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The board of directors of Dilip Buildcon Limited approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis up to ₹1,000 crore at its 19th Annual General Meeting (AGM) held on September 16, 2025. The board also approved the issuance of Commercial Paper on a private placement basis up to ₹1,000 crore.

The meeting, conducted through video conferencing, included the re-appointment of Mr. Devendra Jain as a Director and the ratification of remuneration for M/s. M K Dandeker & Co. LLP as statutory auditors.

The board declared a final dividend of ₹1 per equity share. Additionally, the board approved the modification of limits for investments, loans, guarantees, or securities to DBL Pachhwara Coal Mine Private Limited, a subsidiary, for the financial year 2025-26.

Other key decisions included:

• Adoption of the audited financial statements for the year ended March 31, 2025.
• Approval of remuneration for M/s Yogesh Chourasia & Associates as cost auditors for FY 2025-26.
• Appointment of M/s. Piyush Bindal & Associates as secretarial auditors.
• Approval for commission payable to non-executive directors in case of loss or inadequate profit.

The meeting, which commenced with more than 30 members, was presided over by Chairman and Managing Director, Mr. Dilip Suryavanshi. Shareholders were given the opportunity to express their views and ask questions through video conferencing and web chat.

The Chairman informed that all resolutions as set forth in the 19th AGM notice are deemed to be passed on September 16, 2025, subject to receipt of requisite number of votes.

The Chairman concluded the meeting at 11:37 AM.