Diamond Power Infrastructure Limited-$

Diamond Power Infrastructure Ltd announced the appointment of Mr. Umeshkumar Chhaya as an Additional Director and Whole-time Director, effective August 13, 2026. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Chhaya, currently Senior Vice President – Sales & Marketing, brings over three decades of experience in the Wire & Cable industry. His tenure is set from August 13, 2026, to September 30, 2027. He is not related to any existing directors and has not been debarred by SEBI.

Diamond Power Infrastructure Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results were reviewed and recommended by the Audit Committee and received an unmodified opinion from auditors M/s. Naresh & Co. The company also approved the appointment of Mr. Umeshkumar Chhaya as an Additional and Whole-time Director, subject to shareholder approval. Additionally, the Board approved the shifting of the company's registered office from Vadodara to Ahmedabad for administrative convenience, also pending shareholder approval.

Diamond Power Infrastructure's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue came in at ₹689.9 Cr and consolidated net profit at ₹58.4 Cr. YoY is the primary read: both are up sharply from the year-ago quarter's ₹301.8 Cr revenue and ₹20.1 Cr PAT (+128.6% and +190.7% respectively), continuing the recovery from the company's 2022 NCLT-approved resolution and restart of operations. Sequentially, though, the print was flat-to-down — revenue slipped 0.9% and PAT fell 3.6% from Q4 FY26's ₹695.9 Cr / ₹60.6 Cr — marking the second straight quarter around the ₹690-696 Cr revenue band after the initial post-resolution ramp. The reported PAT jump overstates the underlying improvement: both the year-ago and preceding quarters carried a ₹3.7 Cr one-off exceptional charge ("short provision of depreciation for last year," Note 4) that this quarter does not. Stripping that out on a like-for-like basis, adjusted YoY PAT growth is ~145.5% (vs. 190.7% reported) — still a strong underlying improvement, meaningfully below the headline number. Margins: consolidated OPM held flat QoQ at 11.16% (against 11.16% in Q4 FY26) and expanded from 10.24% a year ago; NPM eased to 8.38% from 8.62% QoQ but is up from 6.66% YoY. The consolidated effective tax rate was negligible (₹0.25 Cr tax on ₹58.7 Cr PBT, ~0.4%) — the standalone entity paid no income tax at all, per management, "considering the brought forward unabsorbed losses and unabsorbed depreciation," a tailwind to PAT that will not persist indefinitely. Standalone PAT of ₹57.1 Cr grew faster YoY (~269% reported) than the consolidated figure, indicating the subsidiary, DICABS Nextgen Special Alloys, was a net drag on the consolidated numbers this quarter — a divergence worth flagging even though consolidated PAT (₹58.4 Cr) is nominally higher than standalone (₹57.1 Cr). Two developments this quarter tie to the numbers: the company completed a ₹1,614 Cr QIP on July 29, 2026, and around this filing booked ₹195.5 Cr (Rajesh Power) and ₹61 Cr (33kV XLPE cables) in fresh orders — order-book support for capacity this quarter's flat sequential revenue hasn't yet reflected. Separately, the auditors issued an unmodified opinion (with an Emphasis of Matter) on this quarter's results, a step up from the qualified opinion attached to the FY26 annual financials just three weeks earlier (July 23, 2026); that qualification stemmed from the same PPE/depreciation issue Note 4 says is now fully regularised via retrospective Ind AS 8 adjustments (₹380.9 Cr against Capital Reserve for FY19-22, ₹45.5 Cr against opening retained earnings for FY23-25, with FY26 comparatives restated). Management issued no formal guidance or press-release commentary on this quarter's performance in the materials reviewed — the board-outcome letter covers a whole-time director appointment and a registered-office shift, not a results narrative — so there is no prior outlook on record to grade the print against. No reliable sell-side consensus for this specific quarter was found; the only external analyst view located (Univest) is an annual FY27 PAT growth estimate of 15-20%, not directly comparable to a single quarter and not used here as a beat/miss reference. Heading into Q2 FY27, the markers are whether the fresh order wins lift revenue past the ₹690-696 Cr plateau, how the QIP proceeds are deployed, and whether the near-zero tax rate persists.

Diamond Power Infrastructure Ltd has received a Letter of Intent (LOI) from Purvanchal Vidyut Vitran Nigam Limited (PuVVNL) for the supply of 250 km of 33 kV HT XLPE cables. The order, valued at ₹61.03 crore inclusive of GST, is for delivery to three distribution companies within Uttar Pradesh. The execution is scheduled between September 2026 and January 2027. This significant order from a government undertaking is expected to bolster the company's order book and revenue streams in the power infrastructure sector.

Diamond Power Infrastructure Limited has secured two purchase orders aggregating ₹195.48 crore (basic value, excluding GST) from Rajesh Power Services Limited. These orders are for the supply of 11 kV Medium Voltage underground power cables for projects of Paschim Gujarat Vij Company Limited (PGVCL) in Gujarat. The cables will be used for converting overhead power lines to underground networks under the State Disaster Mitigation Fund (SDMF) scheme and the System Improvement (Urban Underground) programme, with a focus on coastal areas. The orders are to be executed over the next 12 months. This award reinforces Diamond Power's position in the medium-voltage cable segment and contributes significantly to its order book.

Diamond Power Infrastructure Ltd has rescheduled its Board Meeting from August 10, 2026, to August 13, 2026, due to unavoidable circumstances. The meeting will primarily focus on considering and approving the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, in compliance with SEBI Listing Regulations.

Diamond Power Infrastructure Ltd has announced that its Board of Directors will convene on August 10, 2026. The primary agenda item is to consider and approve the Unaudited Financial Results for the first quarter ended June 30, 2026, covering both standalone and consolidated statements. The company also confirmed that the trading window for its securities, which commenced on July 1, 2026, will remain closed until 48 hours after the declaration of these financial results.

Diamond Power Infrastructure Ltd announced the successful issue and allotment of 7,11,00,000 equity shares to Qualified Institutional Buyers (QIBs) at an issue price of ₹227 per share. This Qualified Institutions Placement (QIP) has raised approximately ₹1,613.97 crore. The funds will bolster the company's capital base. The issue price included a premium of ₹226 per share and represented a discount of 4.99% to the floor price. The company's paid-up equity share capital has increased following this allotment.

Diamond Power Infrastructure Ltd has submitted its consolidated financial statements for the fiscal year ended March 31, 2026. The independent auditor has issued a qualified opinion, citing ongoing issues with the updation of the Property, Plant & Equipment register. The company is in the process of physical verification and reconciliation, with the final determination of value-in-use and useful lives still pending. Depreciation on unreconciled assets from the NCLT/RP period is being provided at 20% of the applicable rate, based on estimated capacity utilization.

Diamond Power Infrastructure Ltd has submitted its consolidated financial statements for the fiscal year ended March 31, 2026. The independent auditor's report includes a qualified opinion due to ongoing issues with the updation of the Property, Plant & Equipment register. The company is in the process of physical verification and reconciliation, with the final determination of asset values and useful lives still pending. Depreciation on unreconciled assets from the NCLT/RP period is being provided at 20% of the applicable rate, based on estimated capacity utilization.