Deep Diamond India , a company listed on the Bombay Stock Exchange (BSE: 539559), has announced the reappointment of Mr. Narayan Singh Rathore as its Managing Director for another five-year term. This decision, subject to shareholder approval, comes as part of the company's strategic leadership planning.

Board Meeting Highlights

The Board of Directors of Deep Diamond India convened a meeting on August 28, 2025, via video conference. The meeting, which lasted from 12:00 P.M. to 3:35 P.M., resulted in two key decisions:

1. Reappointment of Managing Director: Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the reappointment of Mr. Narayan Singh Rathore (DIN: 10900646) as the Managing Director for a term of five years, effective from January 19, 2026. This decision is subject to shareholder approval.

2. Annual General Meeting Schedule: The Board proposed to hold the company's Annual General Meeting on September 23, 2025, at 12:00 P.M. through video conference mode. The meeting will be deemed to be held at the registered office of the company.

About Narayan Singh Rathore

Mr. Narayan Singh Rathore, a B.Com graduate, has been serving as the Managing Director of Deep Diamond India. The Board's decision to reappoint him indicates confidence in his leadership and vision for the company. Key points about Mr. Rathore's reappointment include:

• He is not related to any other director of the company, ensuring independence in decision-making.
• Mr. Rathore is not debarred from holding directorial positions by any SEBI order or other authority, confirming his eligibility for the role.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements), 2015. The disclosure aligns with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring transparency in corporate governance.

Company Overview

Deep Diamond India, with its registered office in Mumbai and corporate office in Udaipur, operates under the CIN: L24100MH1994PLC082609. The company's shares are traded on the BSE under the scrip code 539559.

This reappointment and the upcoming Annual General Meeting signify Deep Diamond India's commitment to maintaining stable leadership and engaging with its shareholders as it moves forward in its business operations.

Deep Diamond India Limited has unveiled plans for a substantial rights issue, aiming to raise Rs. 399.78 crore through the issuance of fully paid-up equity shares. The company's Right Issue Committee, in a meeting held on August 22, 2025, finalized the details of this strategic financial move.

Rights Issue Details

The rights issue will see the company offering 9,61,00,000 equity shares with a face value of Re. 1 each. The issue price has been set at Rs. 4.16 per share, representing an opportunity for existing shareholders to increase their stake in the company.

Key Dates and Terms

The rights issue follows a 2:1 ratio, meaning eligible shareholders will have the right to subscribe to two new equity shares for every one share held as of the record date.

Financial Implications

The full amount of Rs. 4.16 per equity share is payable on application, potentially bringing in a total of Rs. 399.78 crore if fully subscribed. This capital raise could significantly bolster Deep Diamond India Limited's financial position and support its future growth initiatives.

Shareholder Considerations

Eligible shareholders should note that the renunciation process through off-market transfer must be completed in a manner that ensures the Rights Entitlements are credited to the renouncee's demat account on or before the issue closing date.

The company's board or its authorized committee reserves the right to extend the issue period, not exceeding 30 days from the issue opening date. However, no withdrawal of applications will be permitted after the issue closing date.

Regulatory Compliance

This rights issue announcement comes in compliance with Regulations 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed terms of the rights issue, including the application procedure and handling of fractional entitlements, will be specified in the Letter of Offer to be filed with the BSE Limited.

Investors and market participants are advised to keep an eye on further announcements from Deep Diamond India Limited regarding this rights issue, as it represents a significant corporate action that could impact the company's capital structure and shareholder value.