Diamond Power Infrastructure Limited — QIP/Rights/Pref., 12-11-2024: Issue of Securities

Diamond Power Infrastructure has announced a board meeting to discuss raising additional capital of up to ₹500 Crore through the issuance of equity shares and other securities via various methods such as preferential issue or rights issue, subject to regulatory approvals. The company reported its unaudited financial results for the quarter and half-year ended September 30, 2024, showing a revenue of ₹25,048.45 Lakh and a net profit of ₹400.14 Lakh for the quarter. The board also approved M/s. Ernst & Young LLP as internal auditors for the financial years 2024-25 and 2025-26.