Diamond Power Infrastructure Limited has officially been discharged from the Prevention of Money Laundering Act (PMLA) case filed against it. The Hon’ble Court of the Principal District & Sessions Judge, Ahmedabad, issued the final judgment on May 6, 2026. With this ruling, the company confirms that no further legal proceedings are pending against it under the PMLA framework, marking a significant resolution for the entity.
Resolution of Legal Proceedings
Diamond Power Infrastructure Limited has received a favorable verdict regarding its legal standing. On May 6, 2026, the Hon’ble Court of the Principal District & Sessions Judge in Ahmedabad—acting as the designated Special Court—pronounced a final judgment and order discharging the company in PMLA Case No. 2/2024. The company formally received this communication on May 7, 2026.
Background and Current Status
The litigation in question was initiated by the Directorate of Enforcement following an FIR registered by the Central Bureau of Investigation on March 26, 2018. The specific case was filed in 2024. Following the recent court order, the company is no longer facing any active PMLA-related proceedings. It is noteworthy that the company had previously secured discharges from other related cases, including those heard by the Hon’ble High Court of Gujarat and specific CBI-ACB matters.
Operational Outlook
With the successful discharge from these legal matters, the company has clarified that there are no pending cases under the PMLA. This development removes previous legal burdens, allowing the company to focus on its core operations and ongoing business objectives moving forward.
Source: BSE
