ALPHA TRIBE

Diamond Power Infrastructure LimitedBoard Meeting, 08-08-2025: Outcome of Board Meeting

08-08-2025 | 04:57 pm

Diamond Power Infrastructure's board has approved its Q1 FY26 consolidated financial results, showing Revenue from Operations at ₹301.82 Cr and Net Profit at ₹20.10 Cr. The board appointed Mr. Samir Naik as Whole-time Director and Mr. Narayan Navik as Chief IT Officer, and re-appointed Independent Directors Mr. Maheswar Sahu and Mr. Rabindra Nath Nayak. Auditors highlighted ongoing issues with property, plant & equipment valuation and reconciliation, which impacts the financials. Additionally, the Enforcement Directorate's asset attachments remain unresolved, a matter the company is legally challenging. The 33rd AGM is set for September 26, 2025, to cover these approvals and MOA amendments.

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