Divine Power Energy Limited reported a consolidated profit of ₹782.60 lakh for the half year ended September 30, 2025. The company's board approved the unaudited financial results during a meeting held on November 12, 2025, and authorized an increase in authorised share capital from ₹25 crore to ₹50 crore. Additionally, the firm confirmed that the full proceeds of ₹16.32 crore raised via a preferential issue in July 2025 were utilized for working capital.

Financial Performance

The standalone financial results for the half year ended September 30, 2025, show a profit of ₹473.71 lakh, compared to ₹450.42 lakh in the corresponding period of the previous year. Total income for the period stood at ₹18,096.99 lakh, up from ₹14,425.29 lakh in the half year ended September 30, 2024. The board also approved the alteration of the capital clause in the Memorandum of Association to facilitate the increase in authorised share capital.

Utilization of Issue Proceeds

The company clarified that the earlier submission of financial results did not include the disclosure for the utilization of issue proceeds. A revised outcome of the board meeting, including the disclosure in the prescribed SEBI format, was submitted to the exchange. The company raised ₹16.32 crore through the preferential allotment of 12,00,000 equity shares at ₹136 each, including a premium of ₹126 per share, on July 1, 2025. The statutory auditor confirmed that the entire amount was utilized for working capital expenditure with no deviation from the stated object.

Consolidated Results

The consolidated financial results reflect the acquisition of Vimlesh Industries Private Limited, which became a wholly owned subsidiary on April 2, 2025. The acquisition resulted in goodwill of ₹3,885.37 lakh. Consolidated revenue from operations for the half year ended September 30, 2025, was ₹27,948.58 lakh, with a total profit of ₹782.60 lakh. The earnings per share (EPS) on a consolidated basis was reported at ₹3.21.

Corporate Actions

The board deferred a proposal regarding the issuance of equity shares or convertible warrants on a preferential basis due to administrative and procedural reasons. The company has scheduled an Extra-Ordinary General Meeting (EGM) on December 8, 2025, to seek shareholder approval for the alteration of the capital clause and other board decisions. M/s Sumit Bajaj & Associates was appointed as the scrutinizer for the e-voting process.

Divine Power Energy Limited’s board has approved modifications to the Scheme of Amalgamation with Viraj Upkram Private Limited. The decision was taken during a board meeting held on June 19, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The modifications aim to refine the object clauses and correct minor errors without altering the commercial terms of the merger.

The board approved revisions to Para 13.3 of the Scheme. This clause now states that the object clause of the Transferee Company is substantially similar to and encompasses the objects of the Transferor Company. Upon the Scheme becoming effective, the main objects of the Transferor Company will be added to the Transferee Company’s memorandum to the extent they are not already covered. The board clarified that shareholder consent to the Scheme will be sufficient for this amendment, requiring no separate resolutions under Section 13 of the Companies Act, 2013.

Additionally, the board approved clerical and typographical corrections within the document. These include the correction of an address appearing on page 4 (Clause 2.2 (d)) and page 33 (Clause 17) of the Scheme. The board noted that these modifications do not impact the meaning, intent, commercial understanding, rights, obligations, consideration, share exchange ratio, or the overall implementation mechanism of the Scheme.

The revised Scheme, as reviewed and approved by the board, will be submitted to the stock exchanges and other regulatory authorities. It will also be available on the company’s website at www.dpel.in . The meeting, held at the company’s offices in Surajmal Vihar, Delhi, commenced at 04:00 PM and concluded at 05:00 PM.

Key Modifications Approved