Appointment of Mr. Rakesh Vishnoi (ACS: 59123) as the whole-time company secretary of the company and designate him as the compliance officer of the company.
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Deep Diamond India Limited's board, meeting on August 13, 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, total income fell to ₹33.68 lakhs from ₹70.37 lakhs a year ago, and profit after tax dropped sharply to ₹9.33 lakhs (vs ₹41.48 lakhs in Q1 FY25), with EPS at ₹0.02 versus ₹0.09. Consolidated profit after tax stood at ₹6.37 lakhs (vs ₹35.07 lakhs), partly pulled down by a ₹2.96 lakh share of loss from associate companies. The board also appointed Mr. Rakesh Vishnoi (ACS: 59123) as the whole-time Company Secretary and Compliance Officer effective August 13, 2025. Additionally, the company disclosed progress on its acquisition of Oasis Ceramics Pvt. Ltd. under the IBC resolution plan, with ₹2 crore of the ₹32 crore total consideration already paid and the remaining ₹30 crore due by September 24, 2025.
The sharp year-on-year decline in both revenue and profits is a red flag for short-term performance, though the numbers are small in absolute terms. The appointment of a full-time Company Secretary brings the company into compliance, and the pending Oasis Ceramics acquisition could materially expand the business once completed, subject to timely payment of the remaining ₹30 crore.