ALPHA TRIBE

Deep Diamond India LtdBoard Meeting, 13-08-2025: Board Meeting

13-08-2025 | 05:19 pm

Deep Diamond India Limited's Board has approved the standalone and consolidated financial results for the quarter ended June 30, 2025. Additionally, Mr. Rakesh Vishnoi has been appointed as whole-time company secretary and compliance officer. The company is acquiring Oasis Ceramics Pvt. Ltd. for a total consideration of ₹232 crore, with ₹22 crore paid and ₹30 crore remaining due by September 2025. Related Resolution Professional charges of approximately ₹0.90 crore (₹0.72 Cr incurred, ₹0.55 Cr reimbursed) are being capitalized. This acquisition aims to make Oasis Ceramics a wholly-owned subsidiary, expanding the company's operational footprint.

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