Deep Diamond India Limited Announces Rights Issue, Files Pre-Issue Advertisement

1 min read     Updated on 06 Sept 2025, 04:36 PM
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Overview

Deep Diamond India Limited (DDIL) has filed a pre-issue advertisement with BSE Limited for its proposed Rights Issue of Equity Shares. The advertisement was published in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi) newspapers. The company, trading under ISIN INE005G01026, made this announcement on September 6, 2025. The pre-issue advertisement was signed by Narayan Singh Rathore, the Managing Director of DDIL. This move indicates DDIL's intention to raise capital, potentially for expansion or debt reduction.

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Deep Diamond India Limited (DDIL) has taken a significant step towards its proposed Rights Issue of Equity Shares by filing a pre-issue advertisement with the BSE Limited. The company, which trades under the ISIN INE005G01026, made this announcement on September 6, 2025.

Advertisement Details

The pre-issue advertisement was published in three newspapers:

  1. Financial Express (English - all editions)
  2. Jansatta (Hindi - all editions)
  3. Pratahkal (Marathi - Mumbai edition)

This multi-language approach ensures wide reach across different linguistic demographics, adhering to regulatory requirements for such announcements.

Company Information

Deep Diamond India Limited, with its registered office in Mumbai, Maharashtra, and a corporate office in Udaipur, Rajasthan, operates in the diamond industry. The company's strategic presence in both financial and manufacturing hubs of India indicates its comprehensive approach to business operations.

Rights Issue Significance

A Rights Issue is a way for companies to raise capital by offering new shares to existing shareholders, usually at a discounted price. This move by Deep Diamond India Limited suggests the company is looking to strengthen its financial position, potentially for expansion, debt reduction, or other strategic initiatives.

Management Statement

The pre-issue advertisement was signed by Narayan Singh Rathore, the Managing Director of Deep Diamond India Limited. This high-level endorsement underscores the importance of the Rights Issue to the company's future plans.

Investor Implications

For existing shareholders of Deep Diamond India Limited, this Rights Issue presents an opportunity to increase their stake in the company, potentially at favorable terms. However, investors should carefully review the full details of the Rights Issue, including any risks, before making investment decisions.

Regulatory Compliance

By filing this pre-issue advertisement, Deep Diamond India Limited demonstrates its compliance with SEBI (Securities and Exchange Board of India) regulations regarding public offerings. This transparency is crucial for maintaining investor trust and meeting regulatory standards.

As the Rights Issue process unfolds, investors and market watchers will be keen to see the terms of the offer and the response it receives from shareholders. The success of this Rights Issue could have significant implications for Deep Diamond India Limited's financial strength and future growth prospects in the competitive diamond industry.

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Deep Diamond India Limited Reappoints Narayan Singh Rathore as Managing Director for Another 5-Year Term

1 min read     Updated on 28 Aug 2025, 05:51 PM
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Reviewed by
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Overview

Deep Diamond India (BSE: 539559) has announced the reappointment of Narayan Singh Rathore as Managing Director for a five-year term, effective January 19, 2026, subject to shareholder approval. The decision was made during a Board meeting on August 28, 2025. The company also scheduled its Annual General Meeting for September 23, 2025, to be held via video conference. Mr. Rathore, a B.Com graduate, is not related to any other company director and is eligible to hold the position according to SEBI regulations.

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

Deep Diamond India , a company listed on the Bombay Stock Exchange (BSE: 539559), has announced the reappointment of Mr. Narayan Singh Rathore as its Managing Director for another five-year term. This decision, subject to shareholder approval, comes as part of the company's strategic leadership planning.

Board Meeting Highlights

The Board of Directors of Deep Diamond India convened a meeting on August 28, 2025, via video conference. The meeting, which lasted from 12:00 P.M. to 3:35 P.M., resulted in two key decisions:

  1. Reappointment of Managing Director: Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the reappointment of Mr. Narayan Singh Rathore (DIN: 10900646) as the Managing Director for a term of five years, effective from January 19, 2026. This decision is subject to shareholder approval.

  2. Annual General Meeting Schedule: The Board proposed to hold the company's Annual General Meeting on September 23, 2025, at 12:00 P.M. through video conference mode. The meeting will be deemed to be held at the registered office of the company.

About Narayan Singh Rathore

Mr. Narayan Singh Rathore, a B.Com graduate, has been serving as the Managing Director of Deep Diamond India. The Board's decision to reappoint him indicates confidence in his leadership and vision for the company. Key points about Mr. Rathore's reappointment include:

  • He is not related to any other director of the company, ensuring independence in decision-making.
  • Mr. Rathore is not debarred from holding directorial positions by any SEBI order or other authority, confirming his eligibility for the role.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements), 2015. The disclosure aligns with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring transparency in corporate governance.

Company Overview

Deep Diamond India, with its registered office in Mumbai and corporate office in Udaipur, operates under the CIN: L24100MH1994PLC082609. The company's shares are traded on the BSE under the scrip code 539559.

This reappointment and the upcoming Annual General Meeting signify Deep Diamond India's commitment to maintaining stable leadership and engaging with its shareholders as it moves forward in its business operations.

Historical Stock Returns for Deep Diamond

1 Day5 Days1 Month6 Months1 Year5 Years
+2.25%-7.76%-14.77%+79.35%+23.88%+503.91%
Deep Diamond
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