Diamond Power Infrastructure Limited has successfully secured shareholder approval for its proposed fundraising initiative, with the postal ballot results announced on December 18, 2025. The company received overwhelming support from shareholders to raise up to Rs 1,000 crore through a Qualified Institutions Placement (QIP).

Postal Ballot Results Overview

The voting results demonstrate strong shareholder confidence in the company's fundraising plans:

Shareholder Participation Analysis

The postal ballot saw significant participation across different shareholder categories:

QIP Details and Fund Utilization

The approved QIP will enable the company to raise up to Rs 1,000 crore for strategic purposes:

Voting Process Timeline

The postal ballot process was conducted efficiently with proper regulatory compliance:

Regulatory Compliance and Process

The company ensured full regulatory compliance throughout the postal ballot process. Mr. Ashish Shah, Partner at Ashish Shah & Associates and Practicing Company Secretary, served as the Scrutinizer for the voting process. KFin Technologies Limited provided the e-voting platform, facilitating remote voting for eligible shareholders.

The postal ballot notice was dispatched via email to all shareholders and published in Business Standard (English) and Loksatta (Gujarati) newspapers. The company also uploaded relevant documents on its website and stock exchange platforms for transparency.

Market Implications

The unanimous approval from participating shareholders reflects strong confidence in Diamond Power Infrastructure's growth strategy. With 54,057 total shareholders on record, the successful passage of this special resolution provides the company with significant financial flexibility to pursue expansion opportunities and strengthen its balance sheet through debt reduction.

The QIP approval positions Diamond Power Infrastructure to capitalize on growth opportunities in the power infrastructure sector while maintaining financial stability through strategic debt management.

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.