Diamond Power Infrastructure Limited announced the results of its postal ballot on March 19, 2026, with shareholders approving all four resolutions through remote e-voting. The voting process, which ran from February 17, 2026 to March 18, 2026, addressed critical corporate governance matters including related party transactions and enhanced borrowing capabilities.

Postal Ballot Overview

The postal ballot notice was dated February 14, 2026, with the cut-off date for e-voting eligibility set as February 13, 2026. The company had 52,343 total shareholders on the record date, with voting conducted exclusively through remote e-voting via KFin Technologies Limited's platform.

Resolution Results

All four resolutions were successfully passed with overwhelming shareholder support:

Material Related Party Transactions

The first two ordinary resolutions addressed material related party transactions with promoter companies:

Notably, the promoter and promoter group abstained from voting on these resolutions due to their interest in the agenda, with zero votes cast from their 442,773,950 shares.

Financial Powers Enhancement

The two special resolutions focused on expanding the company's financial capabilities:

Voting Participation Analysis

The voting pattern showed strong institutional and retail investor participation:

Resolution 3 & 4 Participation:

• Promoter Group: 100.00% participation (442,773,950 votes)
• Public Institutions: 41.05% participation (1,081,280 votes)
• Public Non-Institutions: 2.69% participation (2,194,233 votes)

For the related party transaction resolutions, promoter groups abstained as required under corporate governance norms, while public shareholders showed strong support with over 99% approval rates.

Regulatory Compliance

The postal ballot process was conducted in accordance with:

• Section 108 and 110 of the Companies Act, 2013
• Companies (Management and Administration) Rules, 2014
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Regulation 44 requirements for voting result disclosures

Mr. Ashish Shah of Ashish Shah & Associates served as the appointed scrutinizer, ensuring transparent and fair conduct of the e-voting process. The company published advertisements in Business Standard (English) and Loksatta (Gujarati) on February 17, 2026, as required under regulatory provisions.

Corporate Impact

The approval of borrowing powers up to Rs. 4,000 crore under section 180(1)(c) of the Companies Act, 2013, along with the ability to create charges, mortgages, and hypothecation on company properties up to the same amount, significantly enhances Diamond Power Infrastructure Limited's financial flexibility for future growth initiatives and operational requirements.

Diamond Power Infrastructure Limited has received a letter of intent from Tata Power Renewable Energy Limited for supply of AL-59 Eco Conductors worth ₹31.51 crore. The company disclosed this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Specifications and Timeline

The comprehensive order details reveal the scope and commercial terms of this significant contract:

Regulatory Compliance and Disclosure

Diamond Power Infrastructure Limited made the formal disclosure through a communication dated March 12, 2026, to both BSE Limited and National Stock Exchange of India Limited. The disclosure was signed by Company Secretary Diksha Sharma and includes comprehensive details as required under SEBI regulations.

Strategic Position in Renewable Energy Infrastructure

Over the last two years, Diamond Power Infrastructure has established a strong presence in renewable energy power evacuation infrastructure. The company has supplied more than 12,000 kilometers of Medium Voltage power cables and over 18,000 kilometers of AL-59 conductors to various renewable energy developers across India.

Business Impact and Market Position

This order represents a meaningful addition to Diamond Power Infrastructure's order book, demonstrating the company's capability to secure substantial contracts from major players in the renewable energy sector. The partnership with Tata Power Renewable Energy Limited highlights the company's established position in the transmission infrastructure market, particularly in the growing renewable energy segment where specialized conductors play a crucial role in power transmission efficiency and grid connectivity.