Intimation regarding Annual General Meeting of the Company to be held on Friday, September 26, 2025
DIACABS · price
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Diamond Power Infrastructure's board met on August 8, 2025 and approved Q1 FY26 (quarter ended June 30, 2025) standalone and consolidated unaudited results. Revenue from operations rose to ₹30,358.62 lakh from ₹22,386.09 lakh in Q1 FY25, a growth of about 36% year-on-year, while net profit increased to ₹1,917.02 lakh from ₹1,655.77 lakh. EPS stood at ₹0.36 versus ₹0.31. The auditor (Naresh & Co.) issued a qualified review report due to an ongoing exercise to update the Property, Plant & Equipment register, and flagged an unresolved Enforcement Directorate attachment on the company's assets. The board also appointed Mr. Samir Naik as Additional and Whole-time Director, re-appointed two independent directors for 3-year terms, appointed new cost and secretarial auditors, named a new Chief IT Officer, and approved MOA amendments, all subject to shareholder approval at the 33rd AGM scheduled for September 26, 2025.
Strong top-line growth and improved profitability are positives, but the company's other equity remains deeply negative at approximately ₹(93,111) lakh, and the qualified audit opinion plus pending ED asset attachment continue to be material concerns for shareholders. The Q1 results may provide a short-term sentiment boost, though long-term investors will likely watch for resolution of the PPE verification exercise and ED matter.