Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Diamond Power Infrastructure Limited has received a final judgment from the Principal District & Sessions Judge, Ahmedabad (designated Special Court under PMLA), discharging the company in PMLA Case No. 2/2024. The order was pronounced on May 6, 2026 and received by the company on May 7, 2026. The case was originally filed by the Directorate of Enforcement under the Prevention of Money Laundering Act, stemming from a CBI FIR registered in 2018. Following this discharge, no proceedings under PMLA remain pending against the company. The company had previously been discharged by the Gujarat High Court in related PMLA and CBI-ACB cases.
This is a positive development for shareholders as the company has been fully discharged from money laundering allegations. All PMLA-related proceedings against the company have now concluded without any adverse findings or penalties, removing regulatory uncertainty surrounding the stock.