C-Suite Glow-Up: Deep Diamond India Names Laveena Pokharna CFO, Refines Rights Issue

Deep Diamond India Ltd has announced two key developments set to define its next growth phase. The firm has welcomed Laveena Pokharna as its new Chief Financial Officer, bolstering its leadership as it steers through changing market dynamics. Pokharna, who is also Additional and Whole-Time Director, has a wealth of experience and is set to lead the company's financial strategy and governance in the future.

 

In a similar action, Deep Diamond India's board has sanctioned a scaling down of the size of its forthcoming rights issue, now fixed at ₹400 million, from the earlier suggested ₹450 million. The move, decided at the board meeting on April 16, 2025, brings the capital raise more in line with existing funding needs and market conditions. The rights issue will be made available to current shareholders, in line with SEBI and Companies Act guidelines, and is intended to fund the company's growth and operational requirements.

 

Such strategic initiatives follow as Deep Diamond India continues to record good long-term returns, with its share more than 260% higher in the past three years, and positions itself for long-term growth in the competitive diamond jewelry market.

 

Sources: Whispers in the Corridors, DSIJ, Business Standard, Economic Times