Deep Diamond India Declares 10% Interim Dividend, Defers Associate Company Investment Decision

1 min read     Updated on 31 Oct 2025, 05:07 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Deep Diamond India Limited has announced an interim dividend of Re. 0.10 per equity share (10% on face value of Rs. 1), with a record date of November 7, 2025, and payment date on or before November 30, 2025. The company has also postponed a decision to convert an existing loan to Ferry Automotives Private Limited into equity shares, citing the need for further discussions. Additionally, the company has clarified that unauthorized promotional content circulating on social media platforms contains factually incorrect information and does not represent official company disclosures.

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*this image is generated using AI for illustrative purposes only.

Deep Diamond India Limited , a prominent player in the diamond industry, has made two significant announcements following its recent board meeting. The company has declared an interim dividend and postponed a decision regarding an investment in an associate company.

Interim Dividend Declaration

The Board of Directors of Deep Diamond India Limited has approved an interim dividend. Here are the key details of the dividend declaration:

Aspect Details
Dividend Amount Re. 0.10 per equity share
Dividend Percentage 10% on face value of Rs. 1
Record Date November 7, 2025
Payment Date On or before November 30, 2025

This dividend declaration demonstrates the company's commitment to returning value to its shareholders, even as it navigates the current economic landscape.

Deferred Investment Decision

In addition to the dividend announcement, the board also addressed a potential investment opportunity:

  • The company has an existing loan to Ferry Automotives Private Limited, an associate company.
  • There was a proposal to convert this loan into equity shares of Ferry Automotives Private Limited.
  • However, the board has decided to defer this decision, citing the need for further discussions and clarifications with the associate company.

This cautious approach suggests that Deep Diamond India Limited is carefully considering its investment strategies and seeking to ensure that any potential conversion aligns with the company's long-term interests.

Corporate Governance and Transparency

Deep Diamond India Limited has recently addressed concerns regarding unauthorized promotional content circulating on social media platforms. In a clarification to the BSE Limited on October 30, 2025, the company emphasized:

  • No involvement in the creation or circulation of promotional videos or messages on social media.
  • Certain claims made in these unauthorized materials, such as "Debt-free status" and "FII holding of ₹ 200 crores," are factually incorrect and not based on any company disclosures.
  • The company reaffirmed its commitment to transparency and compliance with SEBI regulations, stating that all material information is communicated only through official stock exchange filings and the company's website.

This proactive clarification underscores Deep Diamond India Limited's dedication to maintaining clear communication with its investors and adhering to regulatory standards.

As the company moves forward with its dividend payout and continues to evaluate potential investments, shareholders and market observers will likely keep a close eye on Deep Diamond India Limited's financial performance and strategic decisions in the coming quarters.

Historical Stock Returns for Deep Diamond

1 Day5 Days1 Month6 Months1 Year5 Years
+4.91%+27.25%+121.15%+126.13%+52.82%+666.41%
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Deep Diamond India Refutes Unauthorized Social Media Promotions

1 min read     Updated on 31 Oct 2025, 01:39 PM
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Reviewed by
Ashish ThakurScanX News Team
Overview

Deep Diamond India Limited has issued a clarification to the BSE regarding unauthorized promotional videos on social media. The company denies any involvement in creating or distributing these materials, which contain factual inaccuracies. Deep Diamond emphasized that its acquisition of Oasis Ceramics is through CIRP, as per NCLT order. The company reaffirmed its commitment to SEBI regulations and communicating material information only through official channels.

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*this image is generated using AI for illustrative purposes only.

Deep Diamond India Limited has issued a clarification to the Bombay Stock Exchange (BSE) regarding unauthorized promotional videos circulating on social media platforms. The company has emphatically denied any involvement in the creation or distribution of these materials, which have been shared on platforms such as Telegram and YouTube.

Key Points of Clarification

  • No Involvement: Deep Diamond India stated it has no knowledge, connection, or involvement in the creation, publication, or circulation of the promotional videos or messages.
  • Factual Inaccuracies: While some financial details in the videos were sourced from official stock exchange filings, the company pointed out that certain claims, such as being debt-free and having ₹200 crore FII holding, are factually incorrect.
  • Acquisition Details: The company clarified that its acquisition of Oasis Ceramics Private Limited is through the Corporate Insolvency Resolution Process (CIRP), as per the NCLT order dated March 24, 2025.
  • Unauthorized Promotions: Deep Diamond emphasized that it has not authorized any third party or influencer to create promotional content on its behalf.
  • Regulatory Compliance: The company affirmed its commitment to full compliance with SEBI regulations, communicating material information only through official channels.

Official Statement

In its official communication to the BSE, Deep Diamond India Limited stated:

"The Company has not authorized, endorsed, or communicated any of the claims, statements, or projections mentioned in the said videos or posts, including references to acquisitions, business expansion, or investment participation."

Importance of Due Diligence

This incident underscores the importance of investor due diligence and the need to rely on official company communications and regulatory filings for accurate information. Investors are advised to be cautious of unauthorized promotional materials circulating on social media platforms and to verify information through official sources.

Deep Diamond India Limited reiterates its commitment to transparency and investor protection, emphasizing that all material developments are communicated solely through official stock exchange filings and the company's website.

Historical Stock Returns for Deep Diamond

1 Day5 Days1 Month6 Months1 Year5 Years
+4.91%+27.25%+121.15%+126.13%+52.82%+666.41%
Deep Diamond
View in Depthredirect
like19
dislike
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