Deep Diamond India Limited , a company traditionally known for its operations in the diamond industry, has announced its intentions to venture into the AI-driven healthcare sector. However, recent developments suggest a more cautious approach to this strategic shift.

Board Meeting Outcome

In a board meeting held on October 17, 2025, Deep Diamond India's leadership deliberated on two key agenda items:

1. The company's proposed strategic entry into the AI-based healthcare sector
2. A roadmap and launch plan for the initiative, initially targeted for rollout within 45 days

After thorough discussions, the board decided to defer both items for further consideration. This decision underscores the company's commitment to a measured approach in exploring new business avenues.

AI Healthcare Initiative Details

The proposed AI healthcare initiative aims to leverage facial scan technology for:

• Early detection of health issues
• Diagnostic purposes
• Wellness solutions

This move represents a significant pivot from Deep Diamond India's traditional business model, potentially opening up new revenue streams in the rapidly growing healthtech sector.

Reasons for Deferral

The board cited several factors for postponing the decision:

• Need for further evaluation of technological aspects
• Regulatory considerations
• Commercial viability assessment
• Additional assessment of the business plan
• Exploration of potential collaborations
• Resource allocation planning

Looking Ahead

While the initial plan targeted a rollout within 45 days, the deferral suggests that Deep Diamond India is taking a more cautious stance. The company has stated that any further updates regarding this initiative will be communicated to the stock exchange as required.

This development highlights the complexities involved in transitioning from a traditional industry to a high-tech sector. It also demonstrates the board's prudence in thoroughly evaluating all aspects of such a significant business transformation before committing to implementation.

Investors and industry observers will be keenly watching for further announcements from Deep Diamond India as it navigates this potential expansion into the AI-driven healthcare space.

Deep Diamond Limited, a prominent player in the diamond industry, held its 31st Annual General Meeting (AGM) on September 23, 2025, marking significant changes in its leadership and compliance structure. The shareholders approved two key appointments that are set to shape the company's future direction and governance.

Reappointment of Managing Director

Mr. Narayan Singh Rathore has been reappointed as the Managing Director of Deep Diamond India Limited for a term of five years, effective from January 19, 2026. This decision, approved by the shareholders, ensures continuity in the company's top leadership. Mr. Rathore, who holds a B.Com degree, has been at the helm of the company's operations and will continue to guide its strategic direction until January 18, 2031.

The company's regulatory filing stated, "Mr. Narayan Singh Rathore is not related to any Director of the Company," emphasizing the independence of the board and management. Additionally, it was confirmed that Mr. Rathore is not debarred from holding the office of director by any SEBI order or other authority, reinforcing the integrity of the appointment.

New Secretarial Auditor

In another significant move, the shareholders appointed M/s. Ronak Jhuthawat & Co as the company's Secretarial Auditor for a five-year term. This appointment covers the financial years from 2025-2026 through 2029-2030. The firm, registered with the Institute of Company Secretaries of India (ICSI), specializes in corporate laws and brings expertise to ensure Deep Diamond India's compliance with regulatory requirements.

The company's statement highlighted, "M/s. Ronak Jhuthawat & Co is an integrated service firm focused on corporate laws, registered as a practicing company secretaries' firm with the Institute of Company Secretaries of India (ICSI)." This appointment underscores the company's commitment to maintaining high standards of corporate governance and regulatory compliance.

AGM Proceedings

The AGM, conducted through video conferencing, saw the participation of 46 public shareholders. All six directors of the company, including the chairpersons of various committees, were present at the meeting. The AGM commenced at 12:00 P.M. and concluded at 12:49 P.M., with a 15-minute window for e-voting.

Rights Issue Extension

In a separate development, Deep Diamond India Limited announced an extension of its ongoing Rights Issue. Originally scheduled to close on September 19, 2025, and previously extended to September 24, 2025, the Rights Issue will now remain open until September 30, 2025. This extension aims to provide shareholders with additional time to participate in the issue.

The revised schedule for the Rights Issue is as follows:

These developments reflect Deep Diamond India Limited's focus on strengthening its governance structure and providing opportunities for shareholder participation, as it navigates the dynamic landscape of the diamond industry.