Diamond Power Infrastructure Limited has announced a key leadership change with the appointment of Mr. Kundip S. Thakker as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This appointment is effective from October 20, 2026. Concurrently, Mr. Pawan Lohiya, the former CFO, has been redesignated as Deputy Chief Financial Officer, effective from October 20, 2026, after concluding his tenure as CFO at the close of business hours on October 19, 2026.
Leadership Transition in Key Financial Roles
Diamond Power Infrastructure Limited has finalized a significant shuffle in its top financial leadership positions. The Board of Directors, upon the recommendation of the Nomination and Remuneration Committee and with the approval of the Audit Committee, has officially appointed Mr. Kundip S. Thakker as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company. This strategic appointment will take effect from October 20, 2026.
Redesignation of Existing Officer
In conjunction with Mr. Thakker’s appointment, the company has also approved the redesignation of Mr. Pawan Lohiya. Mr. Lohiya will transition from his role as CFO to become the Deputy Chief Financial Officer. This change is effective from October 20, 2026. His cessation as CFO occurred at the close of business hours on October 19, 2026. Mr. Lohiya will continue his employment with the company in his new capacity.
Background of New CFO
Mr. Kundip S. Thakker brings over 26 years of extensive experience in financial management, strategic planning, corporate finance, and treasury operations across various industries. Most recently, he served as the Chief Financial Officer of Stelmec Limited, where he was instrumental in leading financial strategy, fundraising, and IPO preparedness. His prior roles include significant tenures at Blue Star Limited, Black Box Limited, ABB Limited, and Reliance Industries Limited. Mr. Thakker is a distinguished professional, having received awards such as the CFO of the Year (2025) and Finance Leader of the Year (2025).
Meeting Details
These decisions were formally approved during a Board meeting that commenced at 05:10 p.m. and concluded at 05:25 p.m. on October 19, 2026.
Source: BSE
