Diamond Power Infrastructure Limited Shareholders Approve QIP Fund Raising
Diamond Power Infrastructure Limited announced the results of its postal ballot, indicating that shareholders have approved the proposal to raise funds through a Qualified Institutions Placement (QIP)...
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Why is Diamond Power Infrastructure Limited in the news today?
Diamond Power Infrastructure Limited (DIACABS) is in the news due to the shareholders have approved the company's proposal to raise funds through qip, which is a positive development for the company's financial strategy.
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Diamond Power Infrastructure Limited Shareholders Approve QIP Fund Raising
December 18, 2025, 12:17 PM
Diamond Power Infrastructure Limited announced the results of its postal ballot, indicating that shareholders have approved the proposal to raise funds through a Qualified Institutions Placement (QIP).
The special resolution for the QIP was passed with the requisite majority via remote e-voting. The Postal Ballot Notice was initially sent on November 10, 2025, with the remote e-voting period commencing on November 18, 2025, and concluding on December 17, 2025. The resolution is deemed to have been passed on December 17, 2025.
The voting results show overwhelming support, with 100% of the valid votes cast in favour of the resolution. Out of 171 members who voted through remote e-voting, 157 voted in favour, representing 44,92,14,925 shares. Only 14 members voted against, with 1,673 shares. The company engaged KFin Technologies Limited as the service provider for the e-voting process.
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