Deep Diamond India Limited has unveiled plans for a substantial rights issue, aiming to raise Rs. 399.78 crore through the issuance of fully paid-up equity shares. The company's Right Issue Committee, in a meeting held on August 22, 2025, finalized the details of this strategic financial move.

Rights Issue Details

The rights issue will see the company offering 9,61,00,000 equity shares with a face value of Re. 1 each. The issue price has been set at Rs. 4.16 per share, representing an opportunity for existing shareholders to increase their stake in the company.

Key Dates and Terms

The rights issue follows a 2:1 ratio, meaning eligible shareholders will have the right to subscribe to two new equity shares for every one share held as of the record date.

Financial Implications

The full amount of Rs. 4.16 per equity share is payable on application, potentially bringing in a total of Rs. 399.78 crore if fully subscribed. This capital raise could significantly bolster Deep Diamond India Limited's financial position and support its future growth initiatives.

Shareholder Considerations

Eligible shareholders should note that the renunciation process through off-market transfer must be completed in a manner that ensures the Rights Entitlements are credited to the renouncee's demat account on or before the issue closing date.

The company's board or its authorized committee reserves the right to extend the issue period, not exceeding 30 days from the issue opening date. However, no withdrawal of applications will be permitted after the issue closing date.

Regulatory Compliance

This rights issue announcement comes in compliance with Regulations 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed terms of the rights issue, including the application procedure and handling of fractional entitlements, will be specified in the Letter of Offer to be filed with the BSE Limited.

Investors and market participants are advised to keep an eye on further announcements from Deep Diamond India Limited regarding this rights issue, as it represents a significant corporate action that could impact the company's capital structure and shareholder value.

Deep Diamond India Limited , a company operating in the jewellery and pharmaceutical sectors, has announced its unaudited financial results for the first quarter, along with the appointment of a new company secretary.

Financial Performance

Deep Diamond India reported a consolidated revenue from operations of Rs 30.00 lakhs for Q1, with Rs 15.00 lakhs coming from the jewellery business and Rs 15.00 lakhs from the pharmaceutical business. This represents a decrease from the previous quarter's revenue of Rs 45.00 lakhs.

The company's consolidated net profit for the quarter stood at Rs 6.37 lakhs, down from Rs 28.62 lakhs in the previous quarter. Other income for Q1 was Rs 18.68 lakhs, contributing significantly to the total income of Rs 33.68 lakhs.

Segment-wise Performance

The pharmaceutical segment showed positive results, while the jewellery business experienced a loss in the quarter.

Key Financial Metrics

• Basic and Diluted Earnings Per Share (EPS): Rs 0.01
• Paid-up equity share capital: Rs 480.50 lakhs (face value of Rs 1/- each)
• Reserves and Surplus (excluding Revaluation reserves): Rs 1,630.59 lakhs

Appointment of New Company Secretary

Deep Diamond India Limited has appointed Mr. Rakesh Vishnoi (ACS: 59123) as the whole-time Company Secretary and Compliance Officer, effective August 13. Mr. Vishnoi is a qualified Company Secretary from the Institute of Company Secretaries of India.

Corporate Developments

The company is in the process of acquiring Onsis Ceramics Pvt. Ltd. under the provisions of the Insolvency and Bankruptcy Code, 2016. As per the approved Resolution Plan, the total consideration is Rs 232.00 crore, of which Rs 32.00 crore was paid on April 24, with the balance of Rs 230.00 crore payable by September 24.

Board Meeting Details

The company's Board of Directors reviewed and approved these results in a meeting held on August 13. The meeting commenced at 12:00 PM and concluded at 5:00 PM.

Deep Diamond India Limited continues to operate in both the jewellery and pharmaceutical sectors, facing challenges in the jewellery segment while seeing growth in pharmaceuticals. The acquisition of Onsis Ceramics Pvt. Ltd. and the appointment of a new Company Secretary mark significant steps in the company's corporate strategy and governance.