Diamond Power Bets Big: ₹1,000 Crore QIP to Realign Shareholding & Fuel Growth

Diamond Power Infrastructure Ltd’s Board of Directors approved raising up to ₹1,000 crore through Qualified Institutions Placement (QIP) to Qualified Institutional Buyers (QIBs). The move aims at strengthening the company’s capital base and achieving compliance with the Securities and Exchange Board of India’s (SEBI) Minimum Public Shareholding (MPS) requirements. This fund raise will be executed through one or more tranches via permissible modes under applicable laws, including the Companies Act, 2013, and SEBI regulations.

 

The Board acknowledged the company’s current non-compliance with MPS norms and identified QIP as a viable method to meet the regulatory standards as per SEBI circular dated February 3, 2023. The proposed issuance includes eligible securities such as equity shares or convertible instruments and requires shareholder approval through postal ballot conducted via remote e-voting.

 

Notable updates:

This capital infusion is expected to improve liquidity and shareholder structure, enhancing investor confidence. The detailed disclosures were submitted as per NSE circular mandates and regulatory guidelines.

 

Sources: NSE Circulars, SEBI Regulations, Company Board Announcement November 10, 2025.