Diamond Power Infrastructure Limited , a prominent player in the power sector, has announced a significant move to bolster its financial position and fuel growth. The company has issued a postal ballot notice seeking shareholder approval to raise up to Rs 1,000 crore through a Qualified Institutions Placement (QIP).

Key Details of the Proposed QIP

Intended Use of Funds

The company plans to utilize the raised capital for several strategic purposes:

1. Investments in subsidiaries, joint ventures, or associates
2. Debt repayment
3. Working capital requirements
4. General corporate purposes

Voting Process and Timeline

Shareholders will have the opportunity to cast their votes through remote e-voting, which will be conducted from November 18, 2025 (9:00 a.m. IST) to December 17, 2025 (5:00 p.m. IST). The results of the postal ballot are expected to be announced on or before December 19, 2025.

Key Points from the LODR Data

1. Special Resolution: The proposal requires approval as a Special Resolution.
2. Eligibility: Shareholders whose names appear in the Register of Members / List of Beneficial Owners as of November 14, 2025 (cut-off date) are eligible to vote.
3. E-voting Platform: The company has engaged KFin Technologies Limited to provide the e-voting platform.
4. Scrutinizer: Mr. Ashish Shah, Practicing Company Secretary, has been appointed as the Scrutinizer for the voting process.

Implications for Investors

This move by Diamond Power Infrastructure Limited signifies a strategic step towards strengthening its financial position and supporting future growth initiatives. The successful completion of this QIP could provide the company with significant financial flexibility to pursue its business objectives, including potential expansion and debt reduction.

Investors should note that while the QIP offers potential benefits, it may also lead to dilution of existing shareholdings. However, the long-term impact will depend on how effectively the company utilizes the raised funds.

As the voting process commences, shareholders are encouraged to review the detailed information provided in the postal ballot notice and exercise their voting rights through the remote e-voting system.

Conclusion

Diamond Power Infrastructure's proposed QIP represents a significant financial move for the company. As the voting period approaches, all eyes will be on the shareholders' decision, which could play a crucial role in shaping the company's future financial strategy and growth trajectory.

Investors and market watchers will be keenly observing the outcome of this postal ballot, as it could have substantial implications for the company's financial structure and future operations in the power infrastructure sector.

Diamond Power Infrastructure Limited has reported robust financial results for the quarter and half year ended September 30, 2025, along with several key board decisions.

Financial Performance

The company's consolidated net profit for the quarter surged to Rs 2,772.78 lakh, a significant increase from Rs 400.14 lakh in the same period last year. For the half-year, the consolidated net profit reached Rs 4,783.47 lakh, up from Rs 2,055.91 lakh in the previous year.

Board Approvals

Qualified Institutions Placement (QIP)

The board has approved raising up to Rs 1,000.00 crore through a Qualified Institutions Placement (QIP) to qualified institutional buyers, subject to shareholder approval. This decision is partly aimed at addressing the company's non-compliance with Minimum Public Shareholding requirements, which it intends to rectify through the QIP.

Appointments and Guarantees

The board also approved the appointment of senior managerial personnel. Additionally, it sanctioned the issuance of a corporate guarantee worth Rs 173.00 crore to Bank of Maharashtra. This guarantee is for a term loan facility availed by the company's wholly-owned subsidiary, DICABS Nextgen Special Alloys Private Limited.

Auditor's Opinion

The auditors have issued qualified opinions on both standalone and consolidated results. This is due to an ongoing exercise to update the company's property, plant and equipment register.

Conclusion

Diamond Power Infrastructure's financial performance, coupled with decisions for fundraising and corporate guarantees, indicates the company's focus on growth and compliance. However, investors should consider the auditor's qualified opinion in their assessment of the company's financial position.