Diamond Power Infrastructure Limited will hold a Board of Directors meeting on Thursday, June 18, 2026. The primary agenda item is to consider and approve a proposal for enhancement of fund raising limits through Qualified Institutions Placement (QIP). This follows previous approvals from the Board and shareholders to raise funds for an amount not exceeding ₹1000 Crores. The trading window will be closed from June 15, 2026, until 48 hours after the outcome announcement.
Board Meeting Announcement
Diamond Power Infrastructure Limited has issued a prior intimation regarding a forthcoming meeting of its Board of Directors. The meeting is scheduled to take place on Thursday, June 18, 2026. This significant board session will inter alia address critical financial strategies for the company’s growth.
Fund Raising Proposal
A key item on the agenda for the June 18th meeting is the consideration and approval of a proposal to enhance the fund raising limit. This will be achieved through a Qualified Institutions Placement (QIP). The move aligns with Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company will seek necessary regulatory and, if applicable, shareholder approvals for this expansion.
Trading Window Closure
In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the Trading Window for dealing in the securities of Diamond Power Infrastructure Limited will be subject to a closure. This closure will affect all Insiders, including Directors, Designated Persons, and Connected Persons as defined by the company’s Code of Conduct. The trading window will be closed effective from Monday, June 15, 2026. It will remain shut until a period of 48 hours following the announcement of the outcome of the aforementioned Board meeting.
Background of QIP Approval
It is important to note that the strategy to raise funds via Qualified Institutional Placement (QIP) has received prior endorsement. The Board of Directors and the shareholders of the Company have previously granted their approval for this method of fund raising. These approvals were obtained on November 10, 2025, and December 17, 2025, respectively, through a postal ballot process. The objective is to raise funds up to an amount not exceeding ₹1000 Crores.
Source: BSE
