News Corporate Actions Deep Diamond India Limited Completes Postal Ballot Process with Shareholder Approval for Key ResolutionsDeep Diamond India Limited Completes Postal Ballot Process with Shareholder Approval for Key Resolutions
Deep Diamond India Limited successfully completed its postal ballot process on January 23, 2026, with shareholders approving both key resolutions through remote e-voting. The company name change resolution received 99.99% approval from 150 participating shareholders, while the rights issue object modification resolution secured 99.98% support from 151 shareholders, representing over 25% of outstanding shares in both cases.
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Deep Diamond India Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving key corporate resolutions. The company submitted the voting results and scrutinizer's report to BSE Limited on January 23, 2026, fulfilling its obligations under SEBI regulations.
Postal Ballot Process Overview
The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company appointed M/s. Ronak Jhuthawat & Co, Practicing Company Secretary (Certificate of Practice No: 12094) as scrutinizers to ensure a fair and transparent voting process.
| Parameter: | Details |
|---|---|
| Postal Ballot Notice Date: | December 23, 2025 |
| Cut-off Date: | December 19, 2025 |
| Total Shareholders on Record: | 75,224 |
| E-voting Period: | December 24, 2025 to January 22, 2026 |
| Scrutinizer: | M/s. Ronak Jhuthawat & Co |
Resolution Details and Voting Results
Shareholders voted on two critical resolutions through the remote e-voting facility provided by National Securities Depositories Limited (NSDL). Both resolutions received overwhelming support from participating shareholders.
Resolution 1: Company Name Change
The special resolution to approve the proposal for change in company name and consequential alteration to MOA and AOA received strong shareholder support.
| Voting Category: | Members Voted | Valid Votes Cast | Percentage |
|---|---|---|---|
| In Favour: | 143 | 36,673,794 | 99.99% |
| Against: | 7 | 1,018 | 0.00% |
| Total Participation: | 150 | 36,674,812 | 25.44% |
Resolution 2: Rights Issue Object Changes
The ordinary resolution for change in objects of the rights issue and ratification of deviation regarding partial utilization also secured substantial approval.
| Voting Category: | Members Voted | Valid Votes Cast | Percentage |
|---|---|---|---|
| In Favour: | 145 | 36,667,807 | 99.98% |
| Against: | 6 | 7,080 | 0.02% |
| Total Participation: | 151 | 36,674,887 | 25.44% |
Regulatory Compliance and Documentation
The company ensured full compliance with regulatory requirements throughout the postal ballot process. Key compliance measures included:
- Publication of requisite advertisements in "Active Times" (English) and "Mumbai Lakshadeep" (Marathi) on December 24, 2025
- Electronic dispatch of postal ballot notices to all registered shareholders
- Maintenance of proper voting records and documentation
- Timely submission of results to stock exchanges
The voting results and scrutinizer's report are available on the company's website at deepdiamondltd.in and NSDL's e-voting platform at www.evoting.nsdl.com . The successful completion of this postal ballot process demonstrates strong shareholder confidence in the company's strategic initiatives and governance practices.
Historical Stock Returns for Deep Diamond
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.41% | -22.58% | -39.50% | +3.85% | -18.80% | +245.60% |
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