Diamond Power 34th AGM Approves All Nine Resolutions

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

Date of Meeting: Friday, September 25, 2026
Time: 03:30 P.M.
Location: Conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM)
Type of Meeting: 34th Annual General Meeting
Notice Date: August 13, 2026

Proposed Resolutions and Implications

The AGM considered nine resolutions covering various corporate matters:

1. Ordinary Resolution: Adoption of audited standalone financial statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Adoption of audited consolidated financial statements for FY ended March 31, 2026 with Reports of Auditors

3. Ordinary Resolution: Re-appointment of Mr. Rakesh Ramanlal Shah (DIN: 00421920) who retires by rotation

4. Ordinary Resolution: Appointment of Mr. Umeshkumar Chhaya (DIN: 11881011) as Director

5. Special Resolution: Appointment of Mr. Umeshkumar Chhaya as Whole-time Director

6. Ordinary Resolution: Ratification of Remuneration of Cost Auditors for FY 2026-27

7. Special Resolution: Shifting of Registered Office from Vadodara to Ahmedabad

8. Special Resolution: Approval of remuneration payable to Mr. Maheswar Sahu (DIN: 00034051), Chairman and Non-Executive Independent Director for FY 2026-27

9. Special Resolution: Approval of remuneration payable to Mr. Rabindra Nath Nayak (DIN: 02658070), Non-Executive Independent Director for FY 2026-27

Voting Process and Methods

The voting was conducted through two methods:

Remote E-voting: Conducted from Tuesday, September 22, 2026 at 09:00 A.M. to Thursday, September 24, 2026 at 05:00 P.M.
E-voting during AGM: Insta Poll conducted during the AGM on September 25, 2026

Scrutinizer Appointment: M/s. Ashish Shah & Associates, Practicing Company Secretaries were appointed as Scrutinizer for the voting process.

Record Date: The cut-off date for determining shareholders eligible to vote was September 18, 2026.

Total Shareholders: 78,121 shareholders were on the record date.

Key Voting Outcomes

Overall Participation:

Total shares outstanding: 59,80,71,060
Total votes cast: 47,43,61,552 shares (79.3152% participation)
182 members participated in voting through both remote e-voting and e-voting at AGM

Attendance Details:

Promoter and Promoter Group attendees through VC: 12
Public attendees through VC: 48

Resolution-wise Voting Results:

Resolution 1 (Ordinary - Adoption of Standalone Financial Statements):

Total votes in favor: 46,30,42,503 (97.6138%)
Votes against: 1,13,19,049 (2.3862%)
Promoter group: 100% in favor (40,27,73,950 votes)
Public institutions: 84.1575% in favor, 15.8425% against
Public non-institutions: 99.8587% in favor, 0.1413% against

Resolution 2 (Ordinary - Adoption of Consolidated Financial Statements):

Total votes in favor: 46,30,42,503 (97.6138%)
Votes against: 1,13,19,049 (2.3862%)
Voting pattern identical to Resolution 1

Resolution 3 (Ordinary - Re-appointment of Mr. Rakesh Ramanlal Shah):

Total votes in favor: 47,43,19,034 (99.9910%)
Votes against: 42,498 (0.0090%)
Public institutions: 99.9408% in favor, 0.0592% against

Resolution 4 (Ordinary - Appointment of Mr. Umeshkumar Chhaya as Director):

Total votes in favor: 47,43,61,352 (100.0000%)
Votes against: 200 (0.0000%)
Public non-institutions: 99.8587% in favor, 0.1413% against

Resolution 5 (Special - Appointment of Mr. Umeshkumar Chhaya as Whole-time Director):

Total votes in favor: 47,43,61,352 (100.0000%)
Votes against: 200 (0.0000%)
Voting pattern identical to Resolution 4

Resolution 6 (Ordinary - Ratification of Cost Auditors' Remuneration):

Total votes in favor: 47,43,61,352 (100.0000%)
Votes against: 200 (0.0000%)
Voting pattern identical to Resolution 4

Resolution 7 (Special - Shifting of Registered Office):

Total votes in favor: 47,43,61,352 (100.0000%)
Votes against: 200 (0.0000%)
Voting pattern identical to Resolution 4

Resolution 8 (Special - Remuneration of Mr. Maheswar Sahu):

Total votes in favor: 47,43,61,352 (100.0000%)
Votes against: 200 (0.0000%)
Voting pattern identical to Resolution 4

Resolution 9 (Special - Remuneration of Mr. Rabindra Nath Nayak):

Total votes in favor: 47,43,61,352 (100.0000%)
Votes against: 200 (0.0000%)
Voting pattern identical to Resolution 4

Scrutinizer's Role and Findings

Scrutinizer: Ashish Shah, Practicing Company Secretary (FCS: 5974; COP: 4178)

Key Responsibilities:

Scrutinized both remote e-voting and e-voting during AGM
Submitted report dated September 28, 2026
Verified compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
Followed MCA Circulars including General Circular no. 09/2024 and 03/2025
Followed SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024

Voting Agency: KFin Technologies Limited (KFinTech) served as Registrar and Transfer Agent for providing remote e-voting and e-voting facilities.

Scrutinizer's Conclusions:

No invalid/incomplete votes found in the e-voting system
Votes were unblocked on September 25, 2026 at 05:05 P.M. in presence of two independent witnesses
Electronic register and voting records remain in Scrutinizer's safe custody until Chairman approves and signs meeting minutes

Compliance with Laws and Regulations

The voting process complied with:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Companies Act, 2013 and relevant Rules
MCA circulars and SEBI guidelines
Secretarial Standard-2 on General Meetings

Additional Information

The complete voting results in prescribed format (Annexure A) and Scrutinizer's report (Annexure B) are available on company website at www.dicabs.com/investor.

Tel: 02667-251354/251516

Fax: 02267-251202