Diamant Infrastructure Limited recommended the appointment of Jigar Hasmukhrai Kamdar and Balkisan Satyanarayan Bang as Non-Executive Independent Directors on its Board. The appointments are effective September 29, 2026, pending approval at the ensuing Annual General Meeting.

The Board approved the recommendations during a meeting held on September 4, 2026, at the company’s registered office in Nagpur. The move aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Director Profiles and Tenure

Both appointees will hold office until September 28, 2031. The company confirmed that neither director is related to any existing Directors or Key Managerial Personnel.

Kamdar brings over three decades of experience across manufacturing and infrastructure sectors. Bang, a Fellow Member of the Institute of Chartered Accountants of India, offers more than four decades of expertise in audits, tax regulations, and regulatory compliance under the Companies Act and SEBI Regulations.

The Board meeting commenced at 5:00 pm and concluded at 6:00 pm. Naresh Satyanarayan Saboo, Managing Director, signed the intimation filed with BSE Limited.

Diamant Infrastructure Limited reported a net profit of ₹4.059 lakh for the first quarter of fiscal year 2026 (Q1FY26), ending June 30, 2026, reversing a loss of ₹1.91 lakh recorded in the same period of the previous fiscal year. This result marks a significant improvement from the cumulative loss of ₹6.23 lakh reported for the full year ended March 31, 2026. The profitability was driven by other income rather than operational revenue, as the company reported nil revenue from operations for the quarter.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 12, 2026, in Nagpur. The results were reviewed by the Audit Committee and subsequently approved by the Board. Statutory auditors R A Gupta & Associates conducted a limited review in accordance with Standard on Review Engagements (SRE) 2410 and issued an unmodified opinion on the financial statements. The filing was submitted to BSE Limited pursuant to Regulation 30 and Regulation 33(2) & 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company’s total income for Q1FY26 stood at ₹4.69 lakh, comprising entirely of other income, as there was no revenue generated from core operations. In contrast, total expenses decreased significantly to ₹0.63 lakh from ₹5.68 lakh in Q1FY25. This reduction in expenses, coupled with stable other income, contributed to the return to profitability.

Earnings per equity share (basic and diluted) stood at ₹0.012 for the quarter, compared to a loss per share of ₹0.01 in Q1FY25. For the full year FY25, the company reported a loss per share of ₹0.02.

What the Numbers Show

The financial data reveals that Diamant Infrastructure’s current profitability is not driven by its core business operations, which generated zero revenue in Q1FY26. Instead, the profit is entirely dependent on other income, which remained relatively consistent at ₹4.69 lakh compared to ₹3.77 lakh in Q1FY25. The significant swing from loss to profit is primarily attributable to a sharp decline in total expenses, which fell to ₹0.63 lakh from ₹5.68 lakh year-over-year. This suggests a potential shift in operational activity or cost structure, though the absence of operational revenue indicates limited business volume during the period.