The Board of Directors of Diamond Power Infrastructure Limited met on February 14, 2026, to approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. The board also approved the appointment of Mr. Kalpesh Patel as the new Chief Operating Officer, effective April 30, 2026. Additionally, the board sanctioned seeking shareholder approval for material related party transactions and borrowing limits.
Key Outcomes of February 14, 2026, Board Meeting
Diamond Power Infrastructure Limited announced the significant outcomes of its Board meeting held on February 14, 2026. The primary decisions involved the approval of interim financial performance metrics, management changes, and seeking necessary shareholder consents.
Unaudited Financial Results Approval (Q3 FY2026)
The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and the nine months ending December 31, 2025. These results were reviewed and recommended by the Audit Committee and come with a Limited Review Report from M/s. Naresh & Co., Chartered Accountants.
Consolidated Performance Snapshot (Nine Months Ended Dec 31, 2025)
For the nine months ended December 31, 2025, the Consolidated results showed:
- Total Income: ₹1,21,518.77 Lakhs (Compared to ₹78,190.32 Lakhs in the previous corresponding nine months).
- Net Profit for the period: ₹9,755.45 Lakhs (Compared to ₹2,683.35 Lakhs in the previous corresponding nine months).
- Basic EPS: ₹1.85 (Compared to ₹0.51 in the previous corresponding nine months).
Standalone Performance Snapshot (Nine Months Ended Dec 31, 2025)
For the nine months ended December 31, 2025, the Standalone results showed:
- Total Income: ₹1,23,045.15 Lakhs (Compared to ₹78,197.52 Lakhs in the previous corresponding nine months).
- Net Profit for the period: ₹9,036.48 Lakhs (Compared to ₹2,698.13 Lakhs in the previous corresponding nine months).
- Basic EPS: ₹1.71 (Compared to ₹0.51 in the previous corresponding nine months).
Management Appointments
The Board approved the appointment of Mr. Kalpesh Patel as the Chief Operating Officer (COO) and Senior Managerial Personnel of the Company, effective from April 30, 2026. This appointment was reviewed and recommended by the Nomination and Remuneration Committee.
The profile summary notes that Mr. Patel brings over 34 years of leadership experience in manufacturing operations, lean transformation, and supply chain excellence. He holds an MBA in Finance and a Master of Engineering.
Other Corporate Actions Approved
The Board also sanctioned the following actions:
- Issuing a Notice of Postal Ballot to seek shareholder approval concerning Material Related Party Transactions planned for the financial year 2026-27.
- Approving the borrowing limit as per Section 180 of the Companies Act, 2013.
Key Notes and Qualifications
The Independent Auditor’s Limited Review Reports (Standalone and Consolidated) highlighted significant qualifications:
- Property, Plant & Equipment (PPE) Updation: The review is qualified due to the ongoing exercise of updating the PPE Register, reconciliation, and determination of the final value-in-use and remaining useful lives. Depreciation on older assets is being provided at a provisional rate of 20% of the applicable rate pending completion of this exercise.
- Enforcement Directorate Attachment: Attention was drawn to the ongoing attachment on the company’s assets by the Enforcement Directorate, although management believes the new management and assets taken over post-NCLT are protected under S. 32 of the IBC.
- Labor Codes Impact: The company has estimated financial implications for the newly consolidated labor codes, providing additional provisions of ₹21.16 Lakhs for gratuity and ₹19.88 Lakhs for leave liability in the standalone results.
Source: BSE
