Deep Diamond India Limited board of directors approved significant corporate restructuring proposals during their meeting. The board session addressed key strategic changes that will require shareholder approval through a postal ballot process.

Name Change Proposal

The board approved a proposal to change the company's name from Deep Diamond India Limited to either Deep Health India Limited or Deep Health AI India Limited. The final name selection will depend on approval from the Registrar of Companies, following clearance from the Central Registration Centre (CRC) of the Ministry of Corporate Affairs (MCA) and other relevant regulatory authorities.

The name change will necessitate consequent alterations to the relevant clauses of the company's Memorandum of Association and Articles of Association, subject to member approval.

Postal Ballot Process

The board considered and approved a draft postal ballot notice to seek shareholder approval for the name change proposal. The postal ballot will include the agenda for the name change, ensuring proper corporate governance procedures are followed for this significant corporate decision.

These developments indicate the company's strategic pivot, potentially moving from its traditional diamond and gems business focus toward health-related sectors, as suggested by the proposed new company names. The successful implementation of these changes will depend on obtaining the necessary regulatory clearances and shareholder approvals through the upcoming postal ballot process.

Deep Diamond India Limited witnessed a significant shareholding change as Bhavishya Ecommerce Private Limited reduced its strategic position through market sales. The Kolkata-based entity filed the mandatory disclosure under SEBI regulations on December 24, 2025, detailing the disposal transactions executed between December 22-23, 2025.

Latest Transaction Details

Updated Shareholding Position

The disposal represents a strategic reduction in Bhavishya Ecommerce's position in the diamond and gems company. The entity has moved from being a substantial shareholder above the 5% threshold to holding below this regulatory benchmark.

Regulatory Compliance Framework

Bhavishya Ecommerce Private Limited, incorporated under CIN U72100WB2010PTC153636, submitted the required disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company maintains its registered office at Room No. 2A, 64, Bentick Street, Kolkata 700069.

Company Capital Structure

The filing was signed by Director Nilesh Devendraprasad Dave (DIN: 10530978) and submitted to both Deep Diamond India Limited's compliance officer and the Bombay Stock Exchange. With this latest disposal, Bhavishya Ecommerce has reduced its stake below the 5% substantial shareholding threshold, marking a strategic shift in its investment position in the diamond and jewelry sector company.