SEBI issued an administrative warning to Deepak Builders & Engineers India Ltd for disclosure lapses under LODR regulations. The notice follows routine compliance checks, urging rectification without financial penalties, amid the company's recent board changes and project wins like HSIIDC Unity Mall EPC.
The Securities and Exchange Board of India (SEBI) served an administrative warning letter to Deepak Builders & Engineers India Ltd for non-compliance with specific provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such warnings are procedural advisories for minor violations, requiring the company to confirm corrective actions.
Deepak Builders, engaged in EPC for industrial/infra projects, recently secured L1 status for HSIIDC's Unity Mall and recommended 10% dividend in June 2025 board meeting. The company faced CFO resignation (Rishabh Gupta) and appointed Harnam Singh Khosa as Executive Director via postal ballot. Q1 FY26 results and Reg.74(5) certificates were timely filed.
No monetary penalty accompanies the warning, distinguishing it from adjudication proceedings. Shares trade around ₹128-214 range (PE 11.57x), reflecting stable construction sector demand. Investors should monitor response filings and governance updates.
Key highlights
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SEBI action: Administrative warning for LODR disclosure shortcomings.
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No penalty: Procedural notice; rectification required.
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Recent developments: CFO exit; new ED appointment; Unity Mall L1 bid.
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Financials: Dividend 10%; Q1 results approved; trading window closures.
Sources: Economic Times; company BSE/NSE filings; ICICI Direct; JM Financial.