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De Neers Tools Limited signed a joint venture agreement to incorporate DNSJV Private Limited. The new entity will manufacture and market tools, bits, and allied products.
De Neers Tools Limited secured a significant order to supply 35,000 electrician tool kits to Polycab India Limited. Scheduled for execution in June 2026, the order strengthens the company's presence in the professional tools segment and is expected to positively impact revenue and business outlook.
De Neers Tools Limited has allotted 2.40 lakh equity shares and 16.80 lakh convertible warrants at Rs. 154 per unit, totaling approximately ₹29.57 Crore. The issuance includes public and promoter categories, with warrants convertible within 18 months. This preferential allotment strengthens the company's capital base to support future growth.
De Neers Tools Limited informed that Mr. Manoj Gupta and Mrs. Anju Gupta have withdrawn their requests for reclassification from 'Promoter Group' to 'Public' category. They will remain classified as Promoters. Meanwhile, the reclassification application for Mr. Kanav Gupta continues to be pursued with the National Stock Exchange of India.
De Neers Tools Limited has received in-principle approval from the NSE for the issuance and listing of 2,40,000 equity shares and 16,80,000 shares resulting from warrant conversion. The approval, dated April 24, 2026, is subject to compliance with SEBI and Exchange conditions.
De Neers Tools Limited submitted its Structured Digital Database (SDD) Compliance Certificate for the financial year ended March 31, 2026. The certificate confirms the company has maintained the required UPSI database and audit trails as per SEBI regulations. This is a routine regulatory compliance filing with no direct financial impact.
De Neers Tools Limited issued a correction to its EGM notice scheduled for April 20, 2026. Proposed resolutions include increasing authorized share capital to ₹31 Crore, altering the Articles of Association, and issuing 2,40,000 equity shares and 16,80,000 convertible warrants on a preferential basis. The company also announced director appointments including Savita Mahajan and Riya Aggarwal.
De Neers Tools Limited announced the voting results of its 1st Extraordinary General Meeting held on April 20, 2026. Shareholders approved six resolutions, including an increase in authorized share capital and preferential issuance of equity shares and warrants. All resolutions were passed with the requisite majority according to the scrutinizer's report.
De Neers Tools Limited has announced the redesignation of Ms. Riya Aggarwal as Executive Director and Ms. Savita Mahajan as Non-Executive Independent Director. These internal leadership changes reflect the formalization of their roles on the company's Board.
De Neers Tools Limited concluded its 1st EGM, approving a ₹29.57 Crore fundraise through preferential issues of equity shares and convertible warrants. Shareholders also approved increasing the authorized share capital to ₹31 Crore and appointing new directors. These capital infusions from promoters and public investors will support the company's growth initiatives.