Deep Diamond India Limited announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, demonstrating exceptional performance across key financial metrics. The Board of Directors approved these results at their meeting held on February 11, 2026.

Financial Performance Highlights

The company delivered outstanding results for Q3FY26, with significant improvements across all major parameters compared to the corresponding quarter of the previous year.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company maintained strong momentum with substantial year-over-year growth.

Business Segment Analysis

The company operates in two primary segments: pharmaceutical business and jewellery business. During Q3FY26, revenue was generated entirely from the pharmaceutical segment at ₹50.00 lakhs, while the jewellery business recorded no revenue. The pharmaceutical business contributed ₹10.29 lakhs to segment results, while other income of ₹371.41 lakhs significantly boosted overall profitability.

Capital Structure and Rights Issue

During the year, Deep Diamond India Limited successfully raised ₹39.98 crores through a rights issue of 9,61,00,000 equity shares at face value of ₹1 each with a premium of ₹3.16 per share. The paid-up equity share capital increased to ₹1,441.50 lakhs from ₹480.50 lakhs in the previous year. Reserves and surplus excluding revaluation reserves stood at ₹4,646.51 lakhs.

Corporate Developments

The company is pursuing the acquisition of Oasis Ceramics Pvt. Ltd. under the Corporate Insolvency Resolution Process before the National Company Law Tribunal. The total consideration amounts to ₹32 crores, with ₹2 crores paid on April 24, 2025. The company has filed an application seeking extension of time for payment of the balance consideration due to timing of rights issue proceeds.

Fund Utilization and Auditor's Emphasis

The auditors highlighted that proceeds from the rights issue have been utilized for purposes other than originally stated. The company invested ₹26.51 crores in equity shares, ₹2.01 crores for general corporate purposes, with the remaining amount kept in fixed deposits. This deviation was approved by shareholders in an Extraordinary General Meeting held on January 22, 2026.

Dividend Declaration

The Board of Directors declared an interim dividend of ₹0.1 per share for FY 2025-26 at their meeting held on October 31, 2025, reflecting confidence in the company's financial performance and future prospects.

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.

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.

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.

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.