Diamond Power Infrastructure Limited has successfully addressed its non-compliance with the minimum public shareholding (MPS) requirement. Following a Qualified Institutions Placement (QIP) completed on July 28, 2026, the company’s public shareholding increased from 15.98% to 25.97%, meeting the regulatory threshold. This action resolves the compliance issue and avoids further penalties, ensuring continued adherence to SEBI regulations.
Compliance Restored After Capital Infusion
Diamond Power Infrastructure Limited has announced the successful restoration of its compliance with the minimum public shareholding (MPS) requirements. The company was previously notified by both the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance under Regulation 38 of the SEBI Listing Regulations for the quarter ending June 30, 2026. As a consequence, the company was liable to pay a penalty of ₹4,55,000 to each stock exchange.
QIP Enhances Public Float
To rectify the situation, the company undertook corrective measures by completing a Qualified Institutions Placement (QIP). The QIP, which opened on July 24, 2026, and closed on July 28, 2026, resulted in the allotment of 7,11,00,000 Equity Shares to eligible Qualified Institutional Buyers. These shares were listed and admitted for trading on both BSE Limited and NSE with effect from July 30, 2026. This capital infusion significantly boosted the public float.
Shareholding Adjustment and Compliance
Following the QIP allotment, the shareholding of the Promoter and Promoter Group decreased from 84.02% to 74.03%. Concurrently, the public shareholding saw a notable increase from 15.98% to 25.97%. This adjustment brings Diamond Power Infrastructure Limited into full compliance with the mandatory minimum public shareholding requirement of 25% as stipulated under Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
