Diamond Power Infrastructure Limited received official communication from both the National Stock Exchange (NSE) and BSE Limited concerning non-compliance with Minimum Public Shareholding (MPS) norms for the quarter ending December 31, 2025. Consequently, the stock exchanges have levied a fine totaling ₹4,60,000 plus GST from each exchange. The company has confirmed payment of the penalty and assured the Board is committed to achieving full compliance at the earliest.
Regulatory Communication Received
Diamond Power Infrastructure Limited has formally acknowledged receiving letters and emails from both the National Stock Exchange (NSE) and the BSE Limited, dated February 19, 2026. These communications addressed the company’s non-compliance with the Minimum Public Shareholding (MPS) requirements mandated under Regulation 38 for the financial quarter that concluded on December 31, 2025.
Financial Implications and Penalties
The identified non-compliance resulted in the imposition of financial penalties by both stock exchanges. The penalty amount levied by each exchange amounts to ₹4,60,000. The total fine payable, including 18% GST, totals ₹5,42,800 per exchange, as detailed in the annexures provided by the exchanges.
Specifically concerning the BSE communication, the fine structure was detailed as ₹5,000 per day for 92 days of non-compliance, resulting in a base fine of ₹4,60,000, with an additional ₹82,800 for GST, leading to a total payable fine of ₹5,42,800.
Company Response and Corrective Action
The company confirmed that the required penalty payments have already been remitted. Furthermore, the details of this non-compliance and the associated actions were thoroughly discussed during the Board meeting held on February 14, 2026. Diamond Power Infrastructure Limited has stated its commitment to ensuring complete adherence to the Minimum Public Shareholding regulations as soon as possible.
The stock exchanges explicitly warned that failure to comply with the regulation and pay the imposed fine by specific deadlines (e.g., November 18, 2025, regarding freezing of promoter holdings, and an imminent deadline of February 26, 2026 for clarification to NSE) would lead to further stringent actions, including the freezing of the entire shareholding of the Promoter and Promoter Group.
Source: BSE
