This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations, the Board at its meeting held today i.e., Wednesday, August 13, 2025, through video Conferencing, ....
Price
▲ 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's board, meeting held via video conferencing on August 13, 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with the appointment of Mr. Rakesh Vishnoi as the new Company Secretary and Compliance Officer. Standalone revenue from operations fell sharply to ₹33.68 lakhs from ₹70.37 lakhs in the same quarter last year, a drop of about 52%, with both jewellery and pharmaceutical segments reporting lower sales. Standalone profit after tax also declined steeply to ₹9.33 lakhs from ₹41.48 lakhs, while EPS slipped to ₹0.02 from ₹0.09. Consolidated profit after tax was ₹6.37 lakhs, weighed down by a ₹2.96 lakh share of loss from an associate company. A notable development disclosed in the notes is the ongoing acquisition of Oasis Ceramics Pvt. Ltd. under the IBC process for a total consideration of ₹32 crore, of which ₹2 crore has been paid and ₹30 crore is due by September 24, 2025; once completed, Oasis Ceramics will become a wholly owned subsidiary.
Shareholders should note a sharp year-on-year decline in both revenue and profits for the quarter, though the company remains profitable and the auditor issued an unqualified review report. The pending ₹30 crore acquisition payment due by September 24, 2025 could materially affect cash flows and balance sheet leverage, making this a key near-term event to watch.