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, ....
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Awaiting price reaction for this filing.
Deep Diamond India Limited announced unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. Standalone revenue from operations fell sharply to Rs. 15.00 lakhs from Rs. 45.00 lakhs in the same quarter last year, a decline of about 67%. Total income dropped to Rs. 33.68 lakhs (vs Rs. 70.37 lakhs YoY) and profit after tax fell to Rs. 9.33 lakhs from Rs. 41.48 lakhs (about 77% lower). On a consolidated basis, PAT came in at Rs. 6.37 lakhs (including a Rs. 2.96 lakh share of loss from an associate/JV). The Board also appointed Mr. Rakesh Vishnoi (ACS: 59123) as the new Company Secretary and Compliance Officer effective August 13, 2025. The auditor VR SK & Co LLP issued an unmodified limited review report on both standalone and consolidated results.
Sharp year-on-year decline in both revenue (~67%) and profit (~77%) is a negative signal for shareholders and could weigh on the stock. The ongoing acquisition of Oasis Ceramics Pvt. Ltd. under the IBC resolution plan, once completed, could change the business profile materially — worth watching.