Deep Diamond India Limited Extends Rights Issue Closing Date to September 24, 2025

1 min read     Updated on 11 Sept 2025, 05:56 PM
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Overview

Deep Diamond India Limited (DDIL) has extended the closing date of its Rights Issue to September 24, 2025, from the original date of September 19, 2025. The Rights Issue Committee approved this extension on September 11, 2025. The trading period for Rights Entitlement has also been extended to September 18, 2025. The opening date remains September 9, 2025, with no other changes to the offering terms. This extension aims to provide shareholders more time to participate in the Rights Issue.

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

Deep Diamond India Limited (DDIL) has announced an extension to the closing date of its ongoing Rights Issue, providing shareholders with additional time to participate in the offering.

Key Details of the Extension

  • New Closing Date: The Rights Issue will now close on September 24, 2025, extended from the original date of September 19, 2025.
  • Decision Approval: The extension was approved by the company's Rights Issue Committee on September 11, 2025.
  • Trading Period Extension: The trading period for Rights Entitlement (RE) has been extended to September 18, 2025, from the previous date of September 15, 2025.
  • Application Submission: The last date for submitting the duly filled Composite Application Form (CAF) along with the application amount is now September 24, 2025.

Unchanged Aspects

  • The Rights Issue opening date remains September 9, 2025, as originally scheduled.
  • No other changes have been made to the Letter of Offer (LOF), CAF, and Abridged Letter of Offer (ALOF) dated August 29, 2025, and the corrigendum dated September 05, 2025, except for the modification in the issue closing date.

Company Statement

Narayan Singh Rathore, Managing Director of Deep Diamond India Limited, stated in the company's BSE filing, "The extension was approved by the Rights Issue Committee at its meeting held on September 11, 2025, to provide shareholders with additional time and opportunity to exercise their rights under the Rights Issue."

Additional Information

  • The Rights Issue Committee meeting discussing this extension started at 4:30 PM and concluded at 5:00 PM on September 11, 2025.
  • Shareholders can find the corrigendum cum addendum on the BSE website ( www.bseindia.com ) and the company's website.
  • The company's registered office is located at 309, 3rd Floor, V Star Plaza, Plot No. 16, Chandavarkar Road, Borivali West, Mumbai, Maharashtra 400092.

Investors and shareholders of Deep Diamond India Limited are advised to take note of these changes and act accordingly if they wish to participate in the Rights Issue.

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

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.

Historical Stock Returns for Deep Diamond

1 Day5 Days1 Month6 Months1 Year5 Years
+0.49%-3.28%+8.40%-12.87%-58.28%+217.69%
Deep Diamond
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