Diamond Power Infrastructure Limited has informed the Exchange about Action(s) initiated or orders passed
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Diamond Power Infrastructure Limited received letters from both NSE and BSE dated May 18, 2026, informing the company about non-compliance with Minimum Public Shareholding (MPS) requirements under Regulation 38 of SEBI Listing Regulations for the quarter ended March 31, 2026. The non-compliance has been continuing since January 1, 2026 (90 days). Both exchanges imposed a fine of Rs. 4,50,000 each (Rs. 5,31,000 including 18% GST per exchange). The company paid the penalty on May 20, 2026, though it was not disclosed earlier due to an inadvertent error. The company has committed to ensuring MPS compliance at the earliest and will discuss the matter in a Board meeting on May 26, 2026.
The company faces monetary penalties and regulatory pressure to increase public shareholding. Failure to comply could result in freezing of promoter holdings and restrictions on promoters/directors holding positions in other listed companies.