This is to inform you that pursuant to Reg 30 of the Listing Regulations the Board at its meeting i.e. Tuesday 16/12/2025 considered & approved the following: 1. Proposal to change name ....
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The board of Deep Diamond India Limited (BSE: 539559), at its meeting on December 16, 2025, approved three key items. First, a proposal to change the company name from 'Deep Diamond India Limited' to either 'Deep Health India Limited' or 'Deep Health AI India Limited', subject to approvals from the Registrar of Companies, MCA, and shareholders. Second, a variation in the objects and utilisation of proceeds from the Rights Issue allotted on October 6, 2025, along with ratification of deviations already undertaken. Third, a postal ballot notice to seek shareholder approval for both the name change and the variation in rights issue objects. The name change suggests a possible strategic pivot from the diamond business toward the health/AI sector.
Retail investors should note this signals a potential business direction change away from diamonds toward health/AI. Shareholders will be asked to vote via postal ballot on the name change and altered use of funds raised through the recent rights issue, which could change the company's risk and growth profile.