Dear Sir/Madam, Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith, postal ballot ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deep Diamond India Limited has issued a postal ballot notice to shareholders for two resolutions. The first is a Special Resolution to change the company's name from 'Deep Diamond India Limited' to 'Deep Health AI India Limited', along with consequential amendments to the MOA and AOA — described by the company as a rebranding exercise to better reflect current product offerings. The second is an Ordinary Resolution seeking shareholder approval to change the objects of the recent Rights Issue and ratify deviations in fund utilisation. Under the revised plan, the company has dropped the originally proposed ₹3,000 lakh acquisition of Oasis Ceramics and instead deployed ₹2,250 lakhs towards investments in equity shares of other body corporates (with ₹1,497.56 lakhs already invested), reduced General Corporate Purpose allocation to ₹250.20 lakhs utilised, and overshot issue expenses by ₹13.86 lakhs (total ₹48.86 lakhs). E-voting runs from December 24, 2025 (9:00 AM) to January 22, 2026 (5:00 PM), with results to be declared on or before January 22, 2026.
The name change signals a strategic pivot towards the health/AI sector in branding, though the company clarifies no new business line is being introduced yet — shareholders should watch for follow-up disclosures on actual business direction. The rights issue deviation is more material: roughly ₹2,250 lakhs of raised capital has been redirected away from the disclosed Oasis Ceramics acquisition into unspecified equity investments in other companies, warranting closer scrutiny on what these investee companies are and the rationale behind the change.