Diamond Power Infrastructure Limited has informed regarding the Annual Secretarial Compliance Report
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Diamond Power Infrastructure Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, certified by Ashish Shah & Associates. The key finding is that the company has failed to achieve Minimum Public Shareholding (MPS) of 10% within the prescribed 3-year period from the Resolution Plan implementation date (16.09.2025). Multiple fines have been levied by both BSE and NSE: Rs. 1.4 lakh (Sep 2025), Rs. 9.2 lakh (Oct-Dec 2025), and Rs. 9 lakh (Jan-Mar 2026), totaling Rs. 20.6 lakh plus GST, all of which have been paid. The company plans to raise funds via QIP (Qualified Institutional Placement) up to Rs. 31,000 Crores to address the MPS requirement. Shareholder approval was obtained via postal ballot on 17.12.2025. The company also received a cautionary observation from the secretarial auditor regarding compliance matters. All other compliance areas including secretarial standards, policies, website disclosures, and insider trading norms were found satisfactory.
Shareholders should note that the company faces ongoing regulatory risk due to MPS non-compliance. The stock could face trading restrictions or delisting if compliance is not achieved. However, management is actively working to resolve this through QIP fundraising. Total fines of Rs. 20.6 lakh have been paid, indicating the company's commitment to address the issue despite the underlying Resolution Plan complexities.