Diamond Power Infrastructure Limited has secured a significant business opportunity with the receipt of a Letter of Intent from Adani Electricity Mumbai Limited for cable supply services. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract, valued at ₹45.47 crores, represents a substantial addition to the company's order book and reinforces its position in the power infrastructure sector.

Contract Details

The cable supply contract encompasses specific execution timelines and delivery parameters that demonstrate the scale of this business engagement. The official filing provides comprehensive details about the contractual arrangement.

Regulatory Compliance

Diamond Power Infrastructure has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this significant order. The company confirmed that none of the promoter, promoter group, or group companies have any interest in Adani Electricity Mumbai Limited, ensuring the transaction remains at arm's length and does not fall under related party transactions.

Business Significance

This Letter of Intent marks an important milestone for Diamond Power Infrastructure Limited in expanding its business relationships with major utility companies. Adani Electricity Mumbai Limited serves as a key power distribution company in Mumbai, making this partnership strategically valuable for Diamond Power's market presence in the metropolitan region.

The one-year execution timeline from May 2026 to May 2027 provides Diamond Power Infrastructure with a structured delivery schedule, allowing for proper planning and resource allocation. The contract value of ₹45.47 crores represents a significant revenue opportunity for the company's cable supply operations.

Market Position

The successful securing of this Letter of Intent demonstrates Diamond Power Infrastructure's competitive capabilities in the power transmission and distribution equipment sector. The company's ability to attract orders from established utility providers like Adani Electricity Mumbai reflects its technical competence and market credibility in delivering cable supply solutions for power infrastructure projects.

Diamond Power Infrastructure Limited has completed its mandatory quarterly regulatory filing by submitting compliance certificates to both BSE and NSE for the quarter ended March 31, 2026. The submission ensures adherence to SEBI's depositories and participants regulations governing listed companies.

Regulatory Compliance Filing

The company filed its certificate pursuant to Regulation 74(5) of SEBI (Depositories & Participants) Regulations 2018 on April 6, 2026. Company Secretary Diksha Sharma digitally signed and submitted the compliance documents to both stock exchanges where the company's shares are traded.

RTA Certification Process

KFIN Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued confirmation certificates to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) on April 1, 2026. Vice President C Shobha Anand signed these certificates on behalf of KFIN Technologies.

The RTA certified that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026 have been properly furnished to stock exchanges where Diamond Power Infrastructure's shares are listed, as mandated under SEBI regulations.

Company Information

Diamond Power Infrastructure Limited operates from its registered office at Essen House, 5/12 BIDC, Gorwa, Vadodara 390016. The company's shares trade on BSE under scrip code 522163 and on NSE under the symbol DIACABS, with ISIN INE989C01038.

Compliance Significance

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in share transfer activities and maintaining investor confidence through proper documentation of dematerialization and rematerialization processes during the reporting period.