Diamond Power Infrastructure Limited has informed the Exchange regarding Board meeting held on August 08, 2025.
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Diamond Power Infrastructure's board approved several key items at its August 8, 2025 meeting. The company appointed Mr. Samir Naik as Additional Director and Whole-time Director (he is also the CFO) effective the same day, subject to shareholder approval. It approved standalone and consolidated unaudited Q1 FY26 (quarter ended June 30, 2025) financial results, which showed revenue from operations rising about 35% to ₹30,358.62 lakh from ₹22,386.09 lakh a year ago, and net profit of ₹1,917.02 lakh versus ₹1,655.77 lakh, taking EPS to ₹0.36 from ₹0.31. Two Independent Directors were re-appointed for three-year terms starting September 17, 2025. The board also appointed new Cost Auditors for FY25-26 and Secretarial Auditors for five years, named a new Chief Information Technology Officer, and fixed the 33rd AGM for September 26, 2025. The auditor issued a qualified review report, flagging the ongoing Property, Plant & Equipment reconciliation exercise from the NCLT era and the unresolved Enforcement Directorate attachment on company assets.
Q1 FY26 results are positive with strong revenue and profit growth, but the auditor's qualified opinion and the continuing ED attachment on assets remain overhangs. Shareholders should watch the September 26 AGM for approvals on the director appointments and MOA amendments, and keep an eye on completion of the asset reconciliation exercise, which could trigger impairment or depreciation revisions.