Diamond Power Infrastructure shareholders approve QIP fund raise

Diamond Power Infrastructure Limited has secured shareholder approval to raise funds through the issuance of equity shares via Qualified Institutions Placement (QIP). The special resolution was passed with 99.9995% of votes in favour, enabling the company to proceed with its capital raise plans. The outcome allows the company to access institutional capital to support its financial objectives.

The remote e-voting process, managed by KFin Technologies Limited, concluded at 5:00 p.m. IST on July 19, 2026. A total of 404,603,686 votes were polled, representing 76.78% of the total outstanding shares. The resolution was deemed passed on the same day, based on the report submitted by the scrutinizer, Ashish Shah & Associates, Practicing Company Secretaries.

The voting breakdown indicates strong support across all categories. Promoters and the promoter group cast 402,773,950 votes in favour, while public institutions and non-institutions contributed 1,611,536 and 216,273 votes respectively. Only 1,927 votes were cast against the resolution.

Voting Results Summary

Category	Votes In Favour	Votes Against	Total Votes Polled
Promoter and Promoter Group	402,773,950	0	402,773,950
Public- Institutions	1,611,536	0	1,611,536
Public- Non Institutions	216,273	1,927	218,200
Total	404,601,759	1,927	404,603,686

The postal ballot notice was dated June 18, 2026, and the cut-off date for determining shareholder eligibility was June 17, 2026. The results have been disclosed to the stock exchanges in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.03%	+19.63%	+29.61%	+110.35%	+59.41%	+2,98,944.44%

Diamond Power Infrastructure has secured a conductor supply order valued at ₹185.16 crore from Adani Energy Solutions Limited. This contract win reinforces the company's engagement with large-scale energy infrastructure clients and supports revenue visibility for FY27.

Contract Details

The order encompasses the design, engineering, manufacturing, and supply of AL59 aluminium alloy conductors on a Delivery-at-Place (DAP) basis. The key details of the award are summarised below:

Parameter	Details
Contract Value	₹185.16 crore (exclusive of GST)
Value with GST	₹218.49 crore
Awarded By	Adani Energy Solutions Limited
Nature	Supply of AL59 Moose and AL59 Zebra conductors
Execution Period	July 2026 to February 2027

The contract covers the supply of 1,050 km of AL59 Moose Conductor for the Tuticorin Project and 3,770 km of AL59 Zebra Conductor for the Pune-III Project. The pricing is variable, linked to the Aluminium LME and USD/INR rates, meaning the final realised value may differ from the initial estimate.

Delivery Schedule

Deliveries are scheduled over approximately eight months, with specific monthly targets outlined below:

Project	Conductor	Total Qty (Km)	Jul-26	Aug-26	Sep-26	Oct-26	Nov-26	Dec-26	Jan-27	Feb-27
Tuticorin	AL59 Moose	1,050	500	550	—	—	—	—	—	—
Pune-III	AL59 Zebra	3,770	—	570	500	500	700	500	500	500

Management Commentary

Commenting on the development, Mr. Kavish Shah, Vice President - Corporate Strategy of Diamond Power Infrastructure Limited, highlighted the continued confidence of a marquee customer in the company's conductor manufacturing capability. He noted that the order builds on the existing relationship with Adani Energy Solutions and reflects the growth in India's transmission capex cycle.

The company confirmed that the transaction is not a related party transaction and was awarded on an arm's length basis. Promoters, promoter group, or group companies hold no interest in the entity awarding the order.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE989C01038/7692baca713d4ca8.pdf