DENEERS2026-05-112026-05-11DENEERS2026-05-11DENEERS2026-05-112026-05-11PartiesOfTheAgreementDomain1DENEERS2026-05-11PartiesOfTheAgreementDomain1DENEERS2026-05-112026-05-11PartiesOfTheAgreementDomain2DENEERS2026-05-11PartiesOfTheAgreementDomain2DENEERS2026-05-112026-05-11PartiesOfTheAgreementDomain3DENEERS2026-05-11PartiesOfTheAgreementDomain3xbrli:pureDENEERSDE NEERS TOOLS LIMITEDNewJoint venture agreementsExecution of agreementListed Entityfalse2026-05-1122:20:00true2026-05-11De Neers Tools Limited ("Company" / "De Neers") is proposed to execute a Joint Venture Agreement ("JVA") with Mr. Piyush Garg, for the incorporation of a joint venture company to be named "DNSJV Private Limited" or such other name as may be mutually approved by the Registrar of Companies ("JVC / JV Company"), under the Companies Act, 2013, as a private limited company in India, for the purpose of manufacturing, marketing, selling, and dealing in tools, bits, sockets, and allied products ("Proposed Transaction").trueThere will be no change in the Management or Control3Piyush GargCounterparties to the agreementNAfalseSarthak GoyalCounterparties to the agreementNAfalseDE Neers Tools LimitedParty entering into the agreementNAfalsetrue2026-05-11for the purpose of manufacturing, marketing, selling, and dealing in tools, bits, sockets, and allied productsBoard of Directors: Two (2) Directors; each Party has the right to appoint one (1) Director. Mr. Neeraj Aggarwal (De Neers nominee) shall be the Chairman of the Board. Chief Executive Officer: Mr. Piyush Garg shall be the CEO of the JVC, responsible for day-to-day operations and achievement of sales targets.falseNANote: This disclosure has been made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All information contained herein is based on the Joint Venture Agreement proposed to be executed between the Parties. <BR> <BR> Further, also note that aforesaid disclosures and details are given basis on the preliminary discussion and understanding of the parties, and the final terms and conditions shall be subject to the approval from necessary authorities, departments, regulators, agencies or whatsoever name may be called, and further the mutual understanding of the partiers to the agreement. The necessary details will be disclosed in due course. <BR>