Diamond Power Infrastructure shareholders approve equity share issuance via QIP

Diamond Power Infrastructure Limited (DPIL) has announced that its shareholders have approved a special resolution to raise funds through the issuance of equity shares via a Qualified Institutions Placement (QIP). The results of the postal ballot, which concluded on December 17, 2025, were announced on December 18, 2025. The resolution passed with a significant majority through remote e-voting, as confirmed by the scrutinizer’s report submitted by Ashish Shah of Ashish Shah & Associates.

The voting summary shows strong support from both promoter and public institutions. Out of 449,216,598 total votes polled, 449,214,925 votes (99.9996%) were cast in favor of the resolution, with only 1,673 votes (0.0004%) against. This included 100% approval from the promoter and promoter group and public institutions categories.

Shareholders eligible to vote were those holding shares as of the cut-off date of November 14, 2025. The e-voting portal was open from November 18, 2025, to December 17, 2025. The results and the scrutinizer’s report are available on the company's website and KFIN Technologies Limited.