Diamond Power Infrastructure Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

DIACABS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.1%1-day move

₹170.00

prior close

₹176.08

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.0+2.7+3.6+1.2+3.1-0.3+1.9+12.9+15.6+11.2+7.6+16.2+36.7—

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AI summary

Diamond Power Infrastructure Limited has received a favourable final judgment from the Principal District & Sessions Judge, Ahmedabad (designated Special Court under PMLA). The court has discharged the company in PMLA Case No. 2/2024. The case was originally filed by the Directorate of Enforcement under the Prevention of Money Laundering Act, connected to a CBI FIR from 2018. The company had already been discharged by the Gujarat High Court in related PMLA cases. With this order, no proceedings under PMLA remain pending against the company.

Likely market impact

Positive development for shareholders - the company has been fully cleared of money laundering allegations with no penalties or ongoing proceedings, removing regulatory uncertainty around the stock.