Outcome of Committee Meeting held on July 28, 2026 w.r.t. closure of QIP issue

Diamond Power Infrastructure Limited has completed a Qualified Institutions Placement (QIP) of 7,11,00,000 equity shares at a price of ₹ 227 per share. The Management Committee approved the closure of the issue and the allocation of shares to eligible qualified institutional buyers. A placement document related to the QIP has been filed and is available on the company's website.

A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.

• Issue price versus the current market price
• Stated use of proceeds
• Resulting dilution as a percentage of equity
• To reach INR4,300 crores to INR4,500 crores range, the balance sheet of the year needs to run at close to twic (management committed by FY27)
• Capacity coming on stream, utilization climbing off a low base, and a funded order book converting into dispat (management committed by FY27)