Diamond Power Infrastructure Limited has appointed Mr. Jayesh Patel as its Company Secretary and Compliance Officer, Key Managerial Personnel, effective June 7, 2026. The appointment follows the resignation of Mrs. Diksha Sharma from the position of Company Secretary and Compliance Officer, effective the close of business hours on June 6, 2026. Mrs. Sharma cited health issues and the need to avail maternity leave as reasons for stepping down; she will continue her tenure as Assistant Company Secretary with the company.

The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Mr. Patel brings over 20 years of experience in corporate secretarial, legal, and compliance functions for listed and unlisted companies. He is a qualified Company Secretary with degrees in Commerce and Law, holding ICSI Membership No. A14898.

Profile of the Appointee

Mr. Patel possesses extensive experience in SEBI regulations, Companies Act compliances, corporate restructuring, and corporate governance matters. His professional background includes working with reputed listed entities such as Meghmani Organics Limited and Shalby Limited, where he handled board matters and stock exchange compliances.

Key Managerial Personnel Changes

The transition in the compliance role was finalized during a Board meeting held on June 6, 2026. The meeting commenced at 03:30 P.M. (IST) and concluded at 04:00 P.M. (IST). The changes have been disclosed in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Diamond Power Infrastructure commissioned its 8th Medium Voltage (MV) and Extra High Voltage (EHV) power cable production line at its manufacturing facility in Vadodara, Gujarat on June 3, 2026. This expansion adds 150 kms per month to the company's manufacturing capacity, which now stands at 1050 kms per month. The project, funded through internal accruals, involved an investment of Rs 30 cr and aims to address the growing demand for power cables.

Capacity Utilization and Expansion

The company reported a present capacity utilization of 60%. With the new line now operational, Diamond Power Infrastructure continues to strengthen its position in the technology-intensive MV and EHV underground power cable segment. Two additional MV/EHV lines are presently under installation and commissioning, expected to become operational on or before March 31, 2027. Upon completion, the Vadodara facility will operate a total of 10 MV/EHV lines.

Operational Details

The following table outlines the key details of the capacity addition:

Strategic Outlook

Demand for MV and EHV underground power cables in India is driven by investments in power transmission and distribution infrastructure, renewable energy integration, and urban underground cabling projects. The segment requires advanced manufacturing facilities and testing infrastructure, creating significant entry barriers for new participants.

Management Commentary

Ms. Nivedita Pandya, Vice President – Projects, stated that the commissioning marks an important milestone in Diamond Power's expansion programme. She added that the additional capacity strengthens the ability to serve the growing requirements of utilities, power generation projects, renewable energy evacuation systems, and urban underground power transmission networks.