Diamond Power Infrastructure Limited has filed a regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations regarding non-compliance with Minimum Public Shareholding (MPS) requirements.

Key Quantitative Figures

  • Penalty imposed by each stock exchange: ₹4,50,000 (Rupees Four Lakhs Fifty Thousand)
  • Total penalty amount across both exchanges: ₹9,00,000
  • Period of non-compliance: January 1, 2026 to March 31, 2026
  • Daily fine rate: ₹5,000 per day as per SEBI circular
  • GST applicable: 18% on penalty amounts

Dates of Action

  • Date of receipt of communications: May 18, 2026
  • Date of penalty payment: May 20, 2026 (disclosed as paid but not initially reported due to inadvertent error)
  • Board meeting scheduled: May 26, 2026 to discuss MPS compliance resolution
  • Payment deadline: May 25, 2026 (as stipulated by exchanges)

Parties Involved

  • Regulatory Authorities: National Stock Exchange of India Limited (NSE), BSE Limited
  • Company Representatives: Diksha Sharma (Company Secretary)
  • Exchange Officers: Nikhil Pathare (BSE Manager), Sonam Yadav (NSE Manager), Shyam Bhagirath (BSE Listing Compliance)

Financial Impact

  • Confirmed financial impact: ₹9,00,000 in total penalties (₹4,50,000 per exchange) plus applicable GST
  • The company has already paid the penalties in full on May 20, 2026
  • No additional financial implications disclosed beyond the penalty amounts

Capital Structure Impact

The disclosure confirms that Minimum Public Shareholding non-compliance is still continuing as of the filing date. The exchanges have warned of potential freezing of the entire promoter and promoter group shareholding if compliance is not achieved.

Operational Impact

Promoters, promoter group, and directors of the company are restricted from holding any new position as director in any other listed entity until MPS compliance is achieved. The company must file a compliance update through the Listing Centre's "MPS Compliance" module once compliance is achieved.

Company Actions Taken

The company has:

  • Paid the total penalty amount of ₹9,00,000 (plus GST) on May 20, 2026
  • Scheduled a Board meeting for May 26, 2026 to discuss MPS compliance resolution
  • Committed to ensuring compliance with MPS requirements at the earliest

Additional Information

The exchanges have provided waiver application procedures with a non-refundable processing fee of ₹10,000 plus 18% GST for cases where fine amounts exceed ₹5,000 (exclusive of GST). However, compliance is a prerequisite for applying for waiver.

Bank details for penalty payments were provided by both exchanges:

  • BSE: ICICI Bank, CMS Branch, Account No. BSER04326, IFSC: ICIC0000104
  • NSE: IDBI BANK LTD, Bandra Kurla Complex Branch, IFSC: IBKL0001000