Diligent Media Corporation promoter Primat Infrapower & Multiventures Private Limited has declared that no new encumbrances have been created on its equity holdings as of March 31, 2026. The entity, which holds 5,909 equity shares constituting 0.01% of the company’s total share capital, confirmed the absence of any direct or indirect charges on these shares during the financial year 2025-26, other than those previously disclosed. This status update provides clarity on the promoter’s pledge position, a key metric monitored by investors for assessing liquidity risk and control stability within the corporate structure.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on April 6, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was executed by Sachin Shrinivas Bhattad, Authorised Director of Stress Credit Resolution Private Limited, who serves as the Resolution Professional and Insolvency Professional for Primat Infrapower & Multiventures Private Limited.

Shareholding and Regulatory Context

Primat Infrapower & Multiventures Private Limited is identified as one of the promoters of Diligent Media Corporation Limited. Under the SEBI Takeover Regulations, substantial shareholders and promoters are required to disclose any encumbrance on their shares to ensure transparency regarding potential changes in beneficial ownership or security interests held by third parties. The specific reference to Regulation 31(4) mandates that such disclosures be made promptly to the stock exchanges where the securities are listed.

The declaration explicitly states that no encumbrances were made directly or indirectly during the financial year 2025-26, excluding those already in the public domain. This confirms that the promoter’s stake remains free from fresh pledges or liens as of the reporting date. Stress Credit Resolution Private Limited, holding registration number IBBI/IPE-0094/IPA-3/2023-24/50059 valid up to December 31, 2026, facilitated the communication from its Mumbai office at Ghatkopar (East).

What the Numbers Show

The minimal stake size of 0.01% suggests that Primat Infrapower & Multiventures Private Limited holds a nominal or residual interest in Diligent Media Corporation Limited, likely retained post-restructuring or insolvency resolution processes given the involvement of an Insolvency Professional. The absence of new encumbrances on such a small fraction of equity indicates no immediate pressure on this specific promoter entity to leverage its remaining stake for funding. For investors, the confirmation of no new pledges reinforces the stability of the disclosed ownership structure, ensuring that there are no hidden liabilities attached to this promoter’s shares that could trigger forced sales or transfer of control events in the near term.

Mrs. Garima Bharadwaj has resigned from the position of Non-Executive Independent Woman Director of Diligent Media Corporation Limited effective June 5, 2026. The resignation, submitted to the stock exchanges, is due to personal reasons and other professional commitments. Consequently, she has also ceased to be a member and chairperson of the Board's committees.

The company informed the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation became effective from the close of business hours on June 5, 2026.

Mrs. Bharadwaj confirmed that there are no material reasons for her resignation other than those disclosed in her letter. She expressed gratitude to the Board and management for their support during her tenure.

The following table details the particulars of the change in directorship: