Shareholders approve fund raising via QIP route
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.6 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Diamond Power Infrastructure got shareholder approval via postal ballot for raising funds by issuing equity shares through Qualified Institutions Placement (QIP). Of 54,057 shareholders on record date, 171 voted with 44.92 crore shares (85.24% of outstanding equity) participating. The special resolution passed with 99.9996% votes in favor and only 1,673 shares against. Promoters voted 100% in favor with 44.28 crore shares. The resolution was deemed passed on 17 December 2025.
QIP approval opens door for potential equity dilution. Watch for pricing details, issue size and dilution impact on existing shareholders once launched.