Diamond Power Infrastructure Ltd. Shareholders Approve QIP Through Special Resolution
The shareholders of Diamond Power Infrastructure Ltd. passed a Special Resolution approving the raising of funds through a Qualified Institutions Placement (QIP). The resolution was carried by the members during the remote e-voting process, which concluded on Sunday, July 19, 2026.The company sought approval for the special business to issue Equity Shares via QIP. The voting process was conducted remotely and involved shareholders holding shares as of the cut-off date, June 17, 2026. Ashish Shah & Associates, Practicing Company Secretaries, served as the Scrutinizer for the remote e-voting process.
The voting period ran from Saturday, June 20, 2026, through the final cutoff at 5:00 p.m. IST on July 19, 2026. The outcome of the resolution was determined based on the results submitted by the Scrutinizer and the company's records.
Voting Results Summary
The voting results for the Special Resolution regarding QIP were as follows:| Category | Total Shares Voted | Votes in Favour | Votes Against | Percentage In Favour (on votes polled) |
|---|---|---|---|---|
| Overall | 404,603,686 | 404,601,759 | 1,927 | 99.9995% |
The results were scrutinized by Ashish Shah & Associates and confirmed the outcome of the Special Resolution as set out in the Postal Ballot Notice dated June 18, 2026.
Detailed Voting Breakdown
The electronic votes cast by members through the remote e-voting process included participation from various categories:| Category | Shares Held (1) | Votes Polled (2) | Percentage of Votes Polled on Outstanding Shares (3) | Votes in Favour (4) | Votes Against (5) | % of Votes In Favour on Votes Polled (6) |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group | 442,773,950 | 402,773,950 | 90.9660% | 402,773,950 | 0 | 100.0000% |
| E-Voting (Institutions) | 11,039,463 | 1,611,536 | 14.5980% | 1,611,536 | 0 | 100.0000% |
| Public-Non Institutions (E-Voting) | 73,157,647 | 218,200 | 0.2983% | 216,273 | 1,927 | 99.1168% |
DIACABS Stock Price Movement
Ending the trading day on a high note, shares of Diamond Power Infrastructure Limited rallied today in the post-market session, closing at ₹269.07 after surging 10.00%. The stock successfully hit its 52-week high, supported by robust volume as approximately 20.78 million shares were traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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