Correction in Management Committee composition for QIP issuance
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Diamond Power Infrastructure has informed exchanges that its earlier disclosure on June 18, 2026 incorrectly stated the Management Committee had three members. The correct composition is four members: Rakesh Shah (Chairperson, Non-Executive Director), Himanshu Shah (Non-Executive Director), Dr. Varsha Adhikari (Independent Director) and Pawan Lohiya (CFO). The committee has been reconstituted to oversee the proposed issuance of eligible securities through a Qualified Institutions Placement (QIP). The company called it an inadvertent clerical error.
Minor administrative correction. The reconstituted committee will oversee the proposed QIP fundraise, which could dilute existing shareholders if executed.