Diamond Power Infrastructure Limited — JV/Acquisition, 18-10-2024: Acquisition

Diamond Power Infrastructure Limited’s Board has approved a stock split, recommending the sub-division of each equity share from ₹10 to ₹1, pending shareholder approval. The Board also approved changes to the Memorandum of Association, the appointment of Mr. Vinod Jain as Additional and Whole-time Director, and the establishment of a new Risk Management Committee. An Extraordinary General Meeting is scheduled for November 15, 2024, to address these matters. The company plans an investment of ₹2.99 crore in its subsidiary, DICABS Nextgen Special Alloys.