proceedings of 34th AGM scheduled on 25 September 2026

DIAMOND POWER INFRASTRUCTURE LIMITED September 25, 2026 To, To, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, BKC, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 522163 Symbol: DIACABS Sub: Proceedings of the 34th Annual General Meeting of Diamond Power Infrastructure Limited held on on Friday, September 25, 2026 – under Regulation 30 of SEBI Listing Regulations, 2015 Dear sir, With reference to subject matter and pursuant to applicable provisions of the Companies Act, 2013, the rules made thereunder, Secretarial Standard-2 on General Meetings (“SS-2”), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the applicable circulars issued by the Ministry of Corporate Affairs and SEBI, we enclose herewith summary of Proceedings of 34th Annual General Meeting of the Members of the Company held on Friday, September 25, 2026 at 03:30 p.m. through Video Conferencing (VC) / Other Audio‐visual Means (OAVM). The voting results of 34th Annual General Meeting will be declared and disseminated on the Stock exchanges on or before Tuesday, September 29, 2026 and will also be uploaded on the websites of the Company and NSDL who has provided the Voting facility. We request you to take the same on records and disseminate the same to the members. Yours faithfully, For Diamond Power Infrastructure Limited Jayesh Patel Company Secretary ICSI M. No.: A14898 Regd. Office & Factory: Vadadala, Phase – II Savli, Vadodara, Gujarat, India-391520 CIN: L31300GJ1992PLC018198 Email: cs@dicabs.com, Website: www.dicabs.com Tel No.- 02667-251354/251516 Fax No.-02267-251202 DIAMOND POWER INFRASTRUCTURE LIMITED SUMMARY OF PROCEEDING OF THE 34THANNUAL GENERAL MEETING OF THE MEMBERS OF DIAMOND POWER INFRASTRUCTURE LIMITED ('THE COMPANY') HELD THROUGH VIDEO CONFERENCING (VC)/ OTHER AUDIO-VISUAL MEANS (OAVM) ON FRIDAY, SEPTEMBER 25, 2026, AT 03:30 P.M. 1. DAY, DATE, TIME, VENUE AND MODE OF THE MEETING: The 34th Annual General Meeting (AGM) of the Members of the Company was held on Friday, September 25, 2026, at 03:30 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in accordance with the provisions of the Companies Act, 2013 ('the Act'), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and relevant circulars issued in this regard by the Ministry of Corporate Affairs ('Circulars'), to transact the business as mentioned in the AGM Notice. The deemed venue of the AGM shall be the Registered Office of the Company situated at Vadadala, Phase-II, Savli, Vadodara, Gujarat, India – 391520. 2. PROCEEDINGS OF THE MEETING (a) Opening of the Meeting Mr. Jayesh Patel, Company Secretary, welcomed the Members to the 34th Annual General Meeting and briefed them on the key procedural aspects relating to participation in the Meeting held through video conferencing / other audio-visual means. (b) Chairman Takes the Chair The Company Secretary confirmed that the requisite quorum was present. The Chairman then called the Meeting to order and declared the 34th Annual General Meeting duly constituted. Thereafter, the Chairman welcomed the Members, his fellow Directors and other invitees present at the Meeting (c) Introduction of Directors, Key Managerial Personnel and Professionals The Chairman then introduced the Directors, KMP and auditors present in the meeting DIRECTORS AND KEY MANAGERIAL PERSONNEL PRESENT THROUGH VC/OAVM: 1) Mr. Maheswar Sahu Chairman & Independent Director 2) Mr. Rakesh Ramanlal Shah Non-Executive Promoter Director 3) Mr. Himanshu Shah Non-Executive Promoter Director 4) Dr. Varsha Adhikari Independent woman Director 5) Mr. Umeshkumar Chhaya Additional Director / Whole-time Director, as applicable 6) Mr. Pawan Lohiya Chief Financial Officer 7) Mr. Jayesh Patel Company Secretary and Compliance Officer Mr. Rakesh Ramanlal Shah, Non-Executive Promoter Director, joined the meeting after its commencement, during the proceedings of meeting. Mr. Rabindra Nath Nayak, Director, was not attend the meeting due to pre-occupation and the Chairman informed the Members accordingly. Regd. Office & Factory: Vadadala, Phase – II Savli, Vadodara, Gujarat, India-391520 CIN: L31300GJ1992PLC018198 Email: cs@dicabs.com, Website: www.dicabs.com Tel No.- 02667-251354/251516 Fax No.-02267-251202 DIAMOND POWER INFRASTRUCTURE LIMITED Representatives of the Statutory Auditors, Secretarial Auditor and Cost Auditors of the Company 1) Representative of M/s Naresh & Co., Chartered Accountants, Statutory Auditors of the Company; 2) Mr. Ashish Shah, Practicing Company Secretary, Secretarial Auditor of the Company; and 3) Mr. Malhar Dalwadi / representative of M/s Dalwadi & Associates, Cost Auditors of the Company. (d) Notice, Annual Report and Statutory Documents The Chairman informed the Members that the Notice dated August 13, 2026, convening the 34th Annual General Meeting (AGM) along with the Annual Report for the financial year 2025-26 had been circulated to the Members. The Chairman further informed the Members that (1) Statutory Auditors, M/s. Naresh & Co., Chartered Accountants, have issued a qualified audit report on the financial statements for the financial year 2025-26, relating to the maintenance of the Fixed Assets Register and the assessment of impairment of fixed assets. The qualifications, along with the Board's explanations and the corrective actions taken by the Company, were read out at the meeting and are disclosed in the Directors' Report forming part of the Annual Report. (2) Secretarial Auditors, M/s. Ashish Shah & Associates, Practicing Company Secretaries, have issued a qualified Secretarial Audit Report for the financial year 2025-26 regarding non-compliance with the Minimum Public Shareholding ("MPS") requirement. The qualification, along with the Board's explanations and the corrective actions taken by the Company, was read out at the meeting and is disclosed in the Directors' Report forming part of the Annual Report (3) Cost Auditors, M/s. M/s Dalwadi & Associates, Cost Accountants, have issued their Cost Audit Report for the financial year 2025-26 with qualifications arising from, and to the extent applicable to, the qualifications contained in the Statutory Auditors' Report. The Board's explanations on these qualifications are disclosed in the Directors' Report forming part of the Annual Report The Notice convening the 34th AGM and the Annual Report for the financial year 2025-26, having been circulated to the Members, were taken as read with the consent of the Members present He stated that the Company has moved from a phase of rebuilding and recovery to one of growth and expansion, and that its focus is now on strengthening its business and capabilities and creating sustainable long-term value for all stakeholders and addressed the shareholders and presented the key highlight of financial performance of the Company for the Financial Year 2025-26, inter alia covered the following; Financial Performance The Chairman informed the Members that, on a consolidated basis, the Company's total revenue for FY 2025-26 increased to about ₹1,910 crore from ₹1,115 crore in the previous year, EBITDA rose to ₹224 crore with the margin improving to 11.7% from 6%, and profit after tax increased to ₹158 crore from ₹34 Regd. Office & Factory: Vadadala, Phase – II Savli, Vadodara, Gujarat, India-391520 CIN: L31300GJ1992PLC018198 Email: cs@dicabs.com, Website: www.dicabs.com Tel No.- 02667-251354/251516 Fax No.-02267-251202 DIAMOND POWER INFRASTRUCTURE LIMITED crore. He attributed the improvement mainly to the Company's increased focus on higher-value medium- and extra-high-voltage cables. Strengthening of Balance Sheet that the Company has substantially completed its obligations under the NCLT-approved Resolution Plan and has prepaid instalments to its lenders ahead of schedule by one year, which was scheduled in September [Showing first 8,000 characters — download PDF for full document]