Diamant Infrastructure Limited has formally communicated to BSE Limited that it does not qualify as a Large Corporate under the SEBI regulatory framework for debt securities fund-raising requirements. The Nagpur-based infrastructure company submitted its compliance disclosure to the stock exchange, confirming its exemption from specific regulatory obligations applicable to Large Corporates.

Regulatory Compliance Disclosure

The company's notification references two key SEBI circulars: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars establish the framework for fund-raising through debt securities by Large Corporates and mandate specific disclosure requirements for entities meeting the classification criteria.

Financial Position and Classification Status

The company provided detailed financial information to support its non-Large Corporate status:

The outstanding borrowings of Rs. 6.72 crores as of March 31, 2026, indicate that the company falls below the threshold requirements that would classify it as a Large Corporate under the SEBI framework.

Large Corporate Framework Implications

Under the SEBI framework, entities classified as Large Corporates face specific mandatory requirements for borrowing through debt securities markets. The regulations include provisions for fines in case of shortfall in mandatory borrowing requirements. Beginning from FY 2022, entities failing to meet mandatory borrowing through debt securities face a fine of 0.2% of the shortfall, levied by stock exchanges at the end of each two-year block period.

Corporate Authorization

The disclosure was formally authorized and submitted by Naresh Satyanarayan Saboo, who serves as both Managing Director and CFO of Diamant Infrastructure Limited. The submission was digitally signed and dated April 16, 2026, ensuring proper corporate governance and regulatory compliance procedures were followed.

Diamant Infrastructure Limited, headquartered in Nagpur, Maharashtra, operates under the infrastructure development sector and maintains its listing on BSE Limited under scrip code 508860.

Diamant Infrastructure Limited has formally concluded the resignation process of two Non-Executive Independent Additional Directors following a Board meeting held on 2nd March, 2026. The Board officially noted and approved the resignations of Mr. Gopal Shrikant Kabra and Mr. Nikesh Subhash Zade, both effective 31st March, 2026.

Board Meeting Outcome

The Board of Directors convened from 4:00 PM to 5:00 PM on 2nd March, 2026, to consider various matters including the formal noting of director resignations. The company has informed BSE Limited about the Board meeting outcomes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Both directors submitted their resignation letters dated 31st March, 2026, citing personal and unavoidable circumstances. The Board has placed on record its appreciation for the valuable contributions and guidance provided by both directors during their tenure.

Regulatory Compliance and Documentation

Diamant Infrastructure Limited has fulfilled comprehensive disclosure obligations under SEBI regulations. The company provided detailed annexures (Annexure A and Annexure B) containing complete information about each director's resignation, including confirmation from both directors that there are no material reasons for resignation other than professional commitments.

The formal documentation includes individual resignation letters from both directors, submitted on 31st March, 2026, requesting notice to be given to the Registrar of Companies. Both directors expressed gratitude for the cooperation and assistance received during their tenure as Independent Directors.

Corporate Governance Impact

Both resigning directors confirmed they hold no directorship in any other listed entities. The resignation process ensures proper closure of their directorial responsibilities and maintains transparency in corporate governance matters. The Board's formal approval demonstrates adherence to regulatory requirements under SEBI (LODR) Regulations, 2015.

The company's Managing Director, Naresh Saboo (DIN: 00297916), digitally signed the regulatory filings on 2nd April, 2026, completing the formal notification process to BSE Limited and ensuring full regulatory compliance.