Diamond Power QIP Resolves Minimum Public Shareholding Non-Compliance

Key Quantitative Figures

• Minimum Public Shareholding (MPS) requirement: 25%
• Initial public shareholding (pre-QIP): 15.98%
• Final public shareholding (post-QIP): 25.97%
• Promoter and Promoter Group shareholding decreased from 84.02% to 74.03%
• Penalty imposed by each stock exchange: ₹4,55,000 (Rupees Four Lakh Fifty-Five Thousand only)
• QIP allotment: 7,11,00,000 Equity Shares

Parties Involved

• Listed Company: Diamond Power Infrastructure Limited (Scrip Code: 522163, NSE: DIACABS)
• Regulatory Authorities: National Stock Exchange of India Limited (NSE), BSE Limited
• Communication issued by: Corporate Relations Department, Listing Department
• Company representative: Jayesh Patel, Company Secretary (ICSI M. No.: A14898)

Corrective Measures Taken

The company completed a Qualified Institutions Placement (QIP) which:

• Opened on July 24, 2026 and closed on July 28, 2026
• Resulted in allotment of 7,11,00,000 Equity Shares to eligible Qualified Institutional Buyers
• Shares were listed and admitted for trading on BSE and NSE from July 30, 2026
• Successfully increased public shareholding from 15.98% to 25.97%
• Reduced promoter shareholding from 84.02% to 74.03%

Financial Implications

The company is liable to pay a penalty of ₹4,55,000 to each stock exchange (total ₹9,10,000) for the period of non-compliance ending June 30, 2026.

Current Status

The company presently stands in compliance with the minimum public shareholding requirement of 25% prescribed under Regulation 38 of the SEBI LODR Regulations.