Diamond Power Infrastructure Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Diamond Power Infrastructure Limited has announced the results of a Postal Ballot (voting held from February 17 to March 18, 2026) in which all four resolutions were passed. Two ordinary resolutions approved material related party transactions with promoter-group companies GSEC Limited and Monarch Infraparks Private Limited, with 99.66% of votes cast in favour. Two special resolutions approved the company's power to borrow up to Rs. 4,000 crore and to create or modify charges on the company's assets up to the same limit, each passing with 99.85% support. Promoters abstained from voting on the related party transactions but voted 100% in favour of the borrowing and charge resolutions. Notably, public institutional investors voted overwhelmingly against the borrowing and charge resolutions (about 62% against), while retail/public non-institutional shareholders backed all four resolutions. Total shareholders on the cut-off date (February 13, 2026) were 52,343, and overall voting turnout was very low at about 0.62% for the related party items.
Shareholders have given the board wide clearance to raise debt of up to Rs. 4,000 crore and to pledge company assets as security, which could lead to higher leverage and dilution of unsecured shareholder claims. The related party transaction approvals also open the door for continued large dealings with promoter-group entities, which minority investors should monitor closely given the institutional dissent on the borrowing items.