Announced Tue, 21 Jul · 15:54 IST
Postal Ballot Result: QIP Fund Raising Approved
Board & Shareholder Meetings View source PDF
DIACABS · price
▲ 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
+1.8%1-day move
₹269.07
prior close
₹272.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.6-0.2-1.0+1.8+9.5+13.7———————
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AI summary
Diamond Power Infra shareholders approved a special resolution to raise funds via Qualified Institutions Placement (QIP) through postal ballot. Voting closed July 19, 2026. Of 404.6 million votes polled (76.78% of total shares), 99.9995% voted in favor. Promoters voted fully in favor, and institutional and non-institutional public shareholders also overwhelmingly approved.
Likely market impact
Approval lets the company raise capital from institutional investors through QIP, which may cause equity dilution for existing shareholders.