DEE Development Engineers Invests $2.4M in DEE Thai for Strategic Growth

BY ADMIN • FILED 02 Mar 2025, 5:16 PM

DEE Development Engineers Limited has announced a significant investment in its wholly owned subsidiary, DEE Piping Systems (Thailand) Co. Limited (“DEE Thai”). This strategic move is set to strengthen the company’s financial position and enhance its operational capabilities within the engineering sector.

Key Highlights of the Investment

Target Company: DEE Piping Systems (Thailand) Co. Limited (DEE Thai)
Industry: Engineering
Form of Payment: Cash consideration
Investment Amount: USD 2.4 million (converted to INR 87.33 crore as of February 28, 2025)
Equity Shares Acquired: DEE Development Engineers Limited currently holds 49,663,150 equity shares in DEE Thai and will invest in an additional 16,268,208 equity shares. This acquisition represents 32.75% of DEE Thai’s existing paid-up equity share capital, bringing DEE’s total holdings to 65,931,358 equity shares.

Purpose of the Investment

The primary objective of this investment is to enable DEE Thai to repay its existing debt, thereby stabilizing its financial standing and supporting its future growth initiatives.

About DEE Thai

Established on October 7, 2014, DEE Thai specializes in fabricating pipe spools and other critical components for industrial piping systems. The company plays a vital role in the engineering and manufacturing sector, catering to various industrial needs.

Financial Performance of DEE Thai

Turnover for the Past Three Financial Years:

2023-2024: INR 8,239.01 Lacs
2022-2023: INR 6,410.78 Lacs
2021-2022: INR 4,098.39 Lacs

Financials as of March 31, 2024:

Net Worth: INR (1,181.04) Lacs
Profit After Tax (PAT): INR (433.48) Lacs